Car loan calculator
Estimate your car loan repayments below.
Use our car loan calculator as a general guide on what your car loan repayments will look like.
This calculator will also tell you how much you may pay in total over the life of your loan. To use this calculator, simply enter your estimated vehicle value, loan term, any initial deposit, and the amount of any balloon payment (a lump sum payment payable at the end of the loan).
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Car Loan Calculator Assumptions
The figures provided should be used as an estimate only, should not be relied on as true indication of your car loan repayments, or a quote or indication of pre-qualification for any car loan product. The figures are based upon the information you put into the calculator. We have made a number of assumptions when producing the calculations including:
- Loan term, vehicle purchase price, and loan amount: We assume the loan term, vehicle purchase price, and loan amount are what you enter into the calculator.
- Interest rates: We assume that the rate you enter, is the rate that will apply to your loan for the full loan term.
- Interest and repayments: The displayed total interest payable is the interest for the loan term, calculated on the entered interest rate.
- Payable over 3/4/5 years figure excludes any balloon payment
Car loan features
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Approval within 24 hours ~
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Available for purchasing new and demo vehicles from dealers only
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$5,000 to $100,000 loan amount
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Fixed interest rate for the life of the loan
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No monthly or ongoing fees
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3, 4 or 5 year loan term available
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Weekly, fortnightly and monthly repayment options
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Early payout available
Car loan FAQs
When you get a car loan we lend you the money to buy a vehicle.
You then repay to us the amount you borrowed, plus a charge for interest and fees, in a series of instalments over a pre-agreed loan term of 3-5 years.
When you have finished all your repayments, your loan has been fully paid off and you own the vehicle, debt free.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your car loan’s term. It is called a "balloon" because it is very inflated compared to your other payments.
This one-off final payment will account for a large proportion of your car loan so your regular car loan repayments can be reduced as a result.
It is important to note, however, that you are unlikely to save money in the longer term from a balloon as you still have to make the big balloon payment at the end with accumulated interest.
Many businesses like to use a balloon payment for their car loans, because they sell the vehicle at the end of the loan term, and use the money they receive to fund the balloon payment.
A secured car loan is a loan for which you offer the lender some sort of security, which is usually the vehicle itself.
The alternative to a secured car loan is an unsecured loan where no security is offered. Because this is more risky for the lender, unsecured loans generally come with a much higher interest rate than secured loans. loans.com.au does not offer unsecured car loans.
Green cars are usually very fuel efficient, so not only are they good for the environment, but you are likely to enjoy lower running costs. To qualify as a green car, a vehicle needs to have significantly lower than average carbon dioxide (CO2) emissions when compared to other cars of its size.
Take the next step on your loan journey
Get the ball rolling on your business or personal car loan with our hassle-free online application.
Our experienced loan specialists are here to help – just book a call to have all your questions answered.