When entering number of loans, please take into consideration all types of debt and loans you may have. This may include your home mortgage and any rental property mortgages. It may also include any credit card debt or personal loans.
When entering number of loans, please take into consideration all types of debt and loans you may have. This may include your home mortgage and any rental property mortgages. It may also include any credit card debt or personal loans. However, if you pay off your credit card in full each month, then do not count it as a loan.
For each loan start by giving it a name just for our reference. Then add the amount you owe, what interest rate you are being charged and your monthly repayment. This will allow us to calculate how soon your loan will be paid off.
Remember, National Capital cannot give you advice on how to structure your loans or repay them. We only use this information to estimate your net worth at retirement, and give you KiwiSaver advice based on that.