Work out your car loan repayments
Use our car loan calculator to help estimate your repayments.
Your loan details
$
$
%
%
Estimated repayments#
—
per month
Interest rate
6.14% p.a.
Loan amount
$10,000
Total interest charged
—
Compound reducing balance
Total amount payable
—
Initial deposit / trade in
$15,500
Get my personalised quote
Email Your Results
Fill in your details and we’ll send your personalised loan estimate straight to your inbox.
Car Loan Calculator Assumptions
The figures provided should be used as an estimate only and should not be relied on as a true indication of your car loan repayments, or a quote or indication of pre-qualification for any car loan product. Calculations are based on compound reducing-balance interest, which is the standard method used by asset finance lenders in Australia. We have made a number of assumptions including:
- Interest method: Compound reducing-balance interest — interest is calculated each period on the outstanding loan balance, not the original principal. This means early repayments are mostly interest, with principal repayment increasing over time.
- Periodic rate: The annual rate is divided by the number of periods per year (12 for monthly, 26 for fortnightly, 52 for weekly) to derive the periodic compound rate.
- Loan term, vehicle purchase price, and loan amount are as entered into the calculator.
- Interest rate is assumed to remain constant for the full loan term.
- Balloon payment is available for fixed rate loans under 5 years only.