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Enter your loan amount, interest rate, term and repayment frequency to instantly calculate your car loan repayments and total cost of finance.
Understanding your repayments before you sign a finance agreement helps you choose the right loan term and stay within budget. This calculator shows your periodic payment and the total interest you'll pay over the life of your car loan.
A car loan repayment calculator helps you estimate how much you'll need to pay each period on your car finance. By entering your loan amount, interest rate and term, you can instantly see your repayment and the total interest you'll pay over the life of the loan.
The calculator applies the standard amortisation formula. It divides the annual interest rate by the number of payment periods per year and calculates the periodic payment needed to fully repay the principal plus interest by the end of the loan term.
Car loan rates in Australia typically range from around 7% to 15% per annum depending on your lender, credit profile, and whether the loan is secured against the vehicle or unsecured. Secured loans generally carry lower rates. If you have received a quote, enter that rate for an accurate result.
A shorter term means higher periodic repayments but significantly less total interest paid. A longer term lowers each repayment but increases the total cost — and your vehicle may depreciate faster than you repay it. Most car loans in Australia run between 3 and 5 years.
For a detailed breakdown including deposit, NSW vehicle stamp duty, balloon payment, visual charts and a term comparison, use our Advanced Car Loan Calculator.
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