HOMELEND
Calculator

Home Loan Channelling

See how routing your income through a revolving credit facility could help you pay off your mortgage years earlier.

Your numbers

Adjust the sliders — results update live.

Revolving credit portion
Amount broken out from fixed into revolving credit.
Living costs only — don't include mortgage repayment.
With Channelling
$0
Interest Saved
0
Years Earlier · Mortgage-free
Standard
30 yrs
$0 interest
With Channelling
0 yrs
$0 interest
Your mortgage stays mostly on a fixed rate. A $50k revolving portion is broken out. Your salary channels through it, and your monthly surplus pays it down fast. Once cleared, another chunk is broken out. Repeat until mortgage-free.
How It Works
01

Keep the bulk on fixed

Most of your mortgage stays on a fixed rate for security and predictability.

02

Break out a revolving chunk

A smaller portion is moved into a revolving credit facility linked to your everyday account.

03

Channel your salary

Your income goes straight in, reducing the balance daily. Bills come out as normal.

04

Clear it, repeat

Once paid off, break out another chunk from fixed. Repeat until mortgage-free.

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This calculator provides estimates only and does not constitute financial advice. Actual savings depend on your loan structure, bank, spending patterns, and interest rates. Homelend advisers are licensed by the Financial Markets Authority.