Calculate car loan repayments with our Car Loan Repayment Calculator. View detailed amortization charts to compare terms, track interest, and plan your budget with confidence.
Calculator results are estimates based on the inputs and assumptions used and are for general information only. They are not quotes, offers, approvals, eligibility decisions or personalised recommendations. Actual repayments and costs may differ.
Car Loan Details:
Important!
Car Loan Interest Rates differ from lender to lender and will depend on your individual circumstances (credit history, employment status, age, etc.).
Car Loan Amortisation Calculator
The following amortisation graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.
How to use our Car Loan Repayment Calculator
Our Car Loan Repayment Calculator helps you estimate repayments for an Australian car loan and see how your balance, interest and principal change over time. It is important because small changes to the loan amount, term or interest rate can materially affect your monthly budget and the total interest you pay. The amortisation charts make it easier to compare scenarios and choose a structure you can afford with confidence.
General information only: This calculator provides an estimate and does not take into account your objectives, financial situation or needs. Results are indicative and your actual interest rate and repayments will depend on the lender, your credit profile and the final loan contract (including fees and conditions).
How to complete each section for the best result:
1. Purchase Price
Enter the vehicle purchase price as a whole number (no decimals or commas). If you plan to borrow extra for on-road costs such as stamp duty, registration or insurance, include those amounts here so the estimate better reflects your likely loan size.
2. Deposit or Trade-in Value
Enter your cash deposit and/or trade-in value as a whole number. A higher deposit reduces the amount financed and usually lowers repayments and total interest.
3. Term of Loan (Years)
Select the number of years you want to repay the loan over. Shorter terms usually mean higher repayments but lower total interest. Longer terms can reduce monthly repayments but typically increase total interest paid.
4. Interest Rate (% per annum)
Select an interest rate to simulate. If you have a quote, choose the closest rate. If comparing options, run multiple calculations to see the impact of different rates.
5. Calculate
Click calculate to generate your results and charts.
How to interpret the results:
1. Repayment estimate: Use this as a starting point for affordability, leaving buffer for running costs and rate changes.
2. Amortisation charts: One chart shows the loan balance reducing over time; the other shows how early repayments are often interest-heavy and gradually shift toward principal repayment.
3. Comparison planning: Re-run the calculator with different terms, deposits and rates to identify a repayment level and total interest outcome that suits your budget.
Car loans can help Australians buy a new or used vehicle, but the structure of the finance matters. This guide explains secured and unsecured vehicle finance, repayments, balloon payments, fees, eligibility and key checks to make before applying. - read more
Home loans in Australia involve more than choosing an interest rate. Borrowers need to understand deposits, borrowing capacity, repayments, fees, settlement and features such as offset accounts and redraw facilities before comparing options. - read more
In today's fast-paced world, financial literacy is more important than ever. For Australians, being financially literate means confidently navigating through personal finances, investments, and economic changes. It empowers individuals to make informed decisions about their money, which can lead to greater financial security and peace of mind. - read more
In the bustling world of entrepreneurship, small business loans often act as the backbone that supports growth and sustainability. Understanding the array of loan options available is imperative for business owners in Australia, ensuring that they can make informed decisions that align with their objectives. - read more
Financial hardship support is back in the spotlight across Australia’s lending market, with regulators and consumer advocates paying closer attention to how banks and non-bank lenders respond when borrowers ask for help. For households and small business owners already dealing with higher living costs, tax obligations, insurance premiums and uneven cash flow, this is more than a compliance story. It is a practical reminder that loan stress should be addressed before it becomes a missed-payment pattern. - read more
Fresh attention on Australian mortgage arrears is a reminder that repayment pressure is no longer just a theoretical risk for highly leveraged households. After a long period of elevated interest rates, higher insurance costs, bigger grocery bills and tighter household budgets, more borrowers are finding that even small financial setbacks can make loan commitments harder to manage. - read more
Refinancing is moving back into focus for Australian borrowers as households and small businesses look for ways to regain control over higher repayment commitments. Recent lending market updates suggest more borrowers are no longer simply waiting for broad interest rate relief; they are actively reviewing whether their existing loan still fits their income, expenses and longer-term plans. - read more
The latest home lending indicators point to a property finance market that is still moving, even with borrowers facing high living costs and careful lender scrutiny. Investor activity has been one of the stronger parts of the market, adding another layer of competition for owner-occupiers and first-home buyers trying to secure finance. - read more
Mortgage Document: The physical contract agreement that a Mortgagee (lender) enters into with a Mortgagor (borrower) outlining the precice terms of a mortgage loan.
