Loan Deferral Calculator

Calculate the cost of your deferrals

Covid Calculator

Loan Details:


Remaining Loan Period:



Result After Initial Repayment Deferral After Additional Repayment Deferral
Number of Repayments Deferred 6 0
Current Repayments $121 $121
Repayments Amount Deferred $727 $727
Monthly Repayment After Deferral Period $124 $124
Increase in Monthly Repayment after Deferral $2 $2
Total Increase in Interest Paid over the Remaining Loan Term $587 $587

The results of this calculator do not summarise or indicate what the actual impact of a deferral period may be on your loan. The impact of any deferral period may be different for you depending on a variety of factors, including your interest rate, loan type, loan balance, loan term and whether you have made any additional repayments. The content on these pages is for information only and is not an offer, quote, loan approval, agreement or advice by BOQ to provide the products and services. The results of this calculator do not represent approval of the COVID-19 Banking Relief Package.

It's important to understand that while you are deferring your repayments, interest will continue to accrue on the loan balance. Your loan balance will increase as interest is added to the loan, which means you may end up paying more.

Loan type: This calculator is only suitable for Principal and Interest loans.

Repayments: The calculator assumes that you will not make any repayments during the deferral period. The calculator assumes that you will make minimum monthly repayments of principal and interest after the deferral period, with no additional repayments over the remaining term of the loan. 

Interest rate: The calculator assumes that the interest rate will remain unchanged for the remaining term of your loan.

Length of Month: All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month.

Rounding: Repayments are rounded to the nearest cent and could differ from your actual loan repayments.

Fees and charges: Any applicable fees and charges which may be payable on your loan have not been included in any calculation.

Loan term: The loan term will be increased by the same number of months as any repayment deferral period.

Bank of Queensland Limited ABN 32 009 656 740 AFSL and Australian Credit Licence no. 244616. Terms, conditions, fees, charges, eligibility and lending criteria apply. Available to approved applicants only. Interest rates are subject to change without notice. This information and examples contained in it are for informational purposes only and is general in nature. This information has been prepared without taking into account your individual and/or business needs and objectives. You should obtain and consider the relevant terms and conditions and Guide to Fees and Charges for any product before making any decision about whether to acquire or continue to hold it. We recommend that you obtain independent financial, legal, tax and other relevant advice prior to making any decision.