Calculate your car loan repayments

To use this calculator, all you need to do is enter how much the vehicle is estimated to cost and how much you want to borrow, any deposit or trade in value, and if you are opting for a balloon repayment. Then, you’ll see what your estimated monthly repayments will be.

Add your details

Loan Amount

Vehicle purchase price

Initial deposit / trade in

Loan term

Interest rate

5.79

6.24

Balloon repayment

Your estimated repayments are

$652.86

Loan amount

$45,000

Estimated interest

$8,934

Estimated cost of loan

$54,841

Full name

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Calculator assumptions

How can our car loan repayment calculator help you?

Not sure how much you can borrow for a car loan? Our car loan repayment calculator helps you understand the costs involved when you apply your preferred interest rate, repayment frequency and the length of your loan term.

Not only can you compare different car loan options, but you’ll also get a better idea of your borrowing potential when it comes to applying for a car loan. From here, you can also enter different interest rates to compare your options if you’re currently shopping around.

Things you should know

This car loan calculator is intended as a generic tool to calculate repayments, and does not take your objectives and financial situation into account.
Calculations made are intended as a guide only, and accuracy of results is determined by the details you enter.
The calculator does not take any fees into account, and it’s important to note that different lenders may apply different fees and additional costs to their car car loans. The only additional cost associated with a car loan is an establishment fee at the time of settlement and a monthly fee of $8.
Your results are not an offer of lending. The amount you can borrow may vary from your calculator results once you complete your online loan application and our team have assessed against our lending criteria.

FAQs

How much deposit do you need for a car loan?

Most car loan lenders will allow you to borrow up to 100% of the car's value, meaning you may not require any deposit on a car loan. However, if you want to help lower your repayments you may wish to consider a 5% -10% deposit, to lower the amount you borrow.

What is balloon payment?

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 can account for a large proportion of your car loan which means your regular car loan repayments are a lower amount for the majority of the loan term until it comes to paying your balloon.

It's important to note - the balloon repayment option is only available if you get a fixed car loan, and will not be available for the variable car loan.

What counts as a new car?

A new car is one that is sold in its original condition, usually at a car dealership and has never had any previous owners.

How does car finance work?

When you get a car loan, we are lending you money to buy a new or used car.

You then repay to us the amount you borrowed and your interest repayments over a loan term of between 3-7 years⁺.

Once your loan has been fully paid off and you've completed paying the total amount, and you own your vehicle!

Can you get pre-approved for car finance?

Some lenders can offer a car loan pre-approval to give you peace of mind and understanding how much you can afford will give you confidence to negotiate a good deal on your next car purchase. At loans.com.au, we can offer pre-approval for car loans.

What is a secured car loan?

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.

How does car loan pre-approval work?

At loans.com.au, one of our friendly car loan specialists will give you a call to go through your employment, income and expenses to confirm your eligibility. We'll then run a credit check and pending the outcome, offer you a pre-approval for a car loan which will be valid for 60 days and allow you to purchase your new car with confidence!

Car Loan FAQs

New car

Used car

New / Demo - Special

Our super-low car loans make it easier to drive away in your dream car sooner. With our easy online application, it’s easy to get a loan approved within 24-hours.^~

6.79^%

fixed rate p.a.^

7.91^%

comparison rate p.a.*

Find out more

Used Car Loan

Our mission is to do everything possible to make it easier to drive home in your used car sooner.

7.79^%

fixed rate p.a.**

8.90^%

comparison rate p.a.*

Find out more

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