Mixed Use Loan Calculator

The Mixed Use Loan Calculator is the calculator you’ve been looking for. This calculation is deceptively simple in concept but much more difficult in practice. This calculator assists you to work out the allocation of charges on a loan across different uses of a loan and is especially useful where a home loan has been used partly for a deductible purpose and the reverse as well, when a loan that was used for a deductible purpose is tainted with a non-deductible redraw.

The calculator allows for up to six different loan uses and it allows for up to three redraws per month. We hope that’s enough…

It calculates the charges up to each redraw and allocates the repayments across all loan uses. It even has a row for any final adjustments you wish to make. This comprehensive calculator is another use tool for the time poor, busy accountant and bookkeeper where you need to keep a track of different uses for loans.