Car loan repayment calculator
Move the sliders and the numbers move with you. This calculator gives you an indicative monthly repayment so you can sanity-check a deal before you talk to anyone — adjust the loan amount, term, balloon and a few risk factors and watch the cost respond in real time.
How to read the result
The headline figure is your indicative monthly repayment at the rate shown. Lengthening the term lowers the monthly figure but increases the total interest you pay; adding a balloon does the same, while leaving a lump sum owing at the end. The goal is to find a repayment you are comfortable with without quietly paying far more over the life of the loan.
What the calculator does not know
This is an estimate, not a quote or an offer of finance. It applies a representative rate that adjusts for a few common factors, but your actual rate depends on the specific lender, your credit profile, the vehicle, and how the deal is structured. The only way to get real numbers is a proper assessment against the lender panel — which is one click away.
From estimate to real numbers
When the estimate looks right, hit get approved. We run your details across a panel of lenders and come back with genuine, comparable quotes ranked by their true total cost — not just the lowest monthly repayment a single lender wants to show you.
Deposit: $5,000 · LVR 90%
Indicative monthly
Best match across our lender panel
Illustrative only, calculated by our lender-matching engine. Not a quote or offer of finance. Final rates depend on lender criteria, your credit profile and the asset.
Frequently asked questions
Is this calculator accurate?
It is a realistic estimate, not a quote. It uses a representative interest rate and standard amortisation maths, so the shape of the result — how term and balloon change your repayment — is accurate. The exact rate you are offered depends on the lender, your credit profile and the vehicle, which only a full assessment can determine.
What is a balloon and how does it change the result?
A balloon (or residual) is a lump sum left owing at the end of the loan. Adding one lowers your monthly repayment because you are financing a smaller balance over the term, but you still owe the balloon at the end and you pay more interest along the way. Try moving the balloon slider to see the trade-off.
Does using the calculator affect my credit score?
No. The calculator runs entirely on your device and does not involve any credit enquiry. A credit enquiry only happens if you choose to submit a formal application to a lender.
What loan term should I pick?
A shorter term costs more per month but far less in total interest, and protects you from owing more than the car is worth. A good guide is to keep the term comfortably shorter than how long you plan to keep the vehicle.
Related
- Balloon Payment CalculatorCompare repayments with and without a residual.
- Car FinanceHow secured car loans work in Australia.
- The Complete Guide to Vehicle FinanceEvery product and term, in plain English.
- Refinance a Car LoanCompare your current loan against a sharper one.
- First Car Buyer GuideFinancing your first car, step by step.