About us
Debt Free Sooner was established in 2004 to provide information on Lending and the Lending process to both the Lending Industry and the public.

We are a wholly Australian owned and operated business, established and staffed by a highly experienced and customer focussed team.


Our service is aimed at:  

Principal and Interest vs. Interest Only Repayments

Repayments are the single most important aspect of a loan, regardless of what type.  You must be able to understand what your repayments are and what makes them up! There are to basic forms or repayments Principal and Interest and Interest Only.

Principal and Interest Repayments, commonly called P&I repayments consist laterally of principal (the loan amount) and interest (that has occurred). These repayments are linked to loans that amortise. The balance of an amortising loan slowly reduced as repayments are made.  It’s important to remember that with Principal and Interest Repayment if you pay more than the minimum you will be able to “redraw” most of that additional amount.

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