Revolving Credit Calculator
A revolving credit facility charges interest daily on your closing balance — so every day your salary sits in the account, you save interest at your full mortgage rate. Enter your details to see exactly how the daily calculation works and how much you could save.
How does a revolving credit facility work?
Instead of a fixed-term mortgage, you get a credit limit (like a large overdraft). Your salary is deposited directly into it — instantly reducing what you owe. Interest is charged dailyon your closing balance, not on a fixed amount. The days your money sits in the account before being spent, you're saving interest at your full mortgage rate — tax-free.