Compare the numbers. Keep the full picture.
Estimate ATO interest with equal monthly principal reductions, then compare it with an amortising business loan. Your actual statement and loan quote remain the source of truth.
Your numbers
Enter your debt, the published GIC rate and a loan scenario.
Check the relevant quarter on the official ATO rate page. No current rate is assumed.
Illustrative comparison
Review the estimates alongside the assumptions below.
See how the numbers compare.
Enter the ATO GIC rate and valid amounts to see your comparison.
Illustrative only. GIC is compounded daily using a constant entered rate and average month length. Principal reduces equally at each month end; accrued interest is assumed paid separately. Actual ATO plans may allocate payments differently and rates change quarterly. The loan uses monthly amortisation and upfront fees paid separately. Excludes tax effects, ongoing fees and other adjustments. The 12% loan input is an example, not an available rate or quote.
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