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 only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.
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.). To find out if you qualify ... and for a free, personalised interest rate and repayment quote,
please CLICK HERE
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.
A credit rating is essentially a numerical representation of your financial trustworthiness. It's like a report card for your creditworthiness, where higher scores indicate better financial habits. Lenders and financial institutions scrutinize this score when you apply for credit, serving as a primary factor in approving or denying loan applications. - read more
Welcome to the world of car ownership! If you're a first-time borrower in Australia, you're likely to feel a mix of excitement and apprehension. Acquiring a car loan is a significant financial responsibility, and navigating through the options can be daunting. This introductory guide is designed to set you on the right path to making a well-informed decision. - read more
Welcome to the digital age, where online loans in Australia offer convenience and accessibility like never before. With a few clicks, financing for your next big purchase or consolidation of existing debts is at your fingertips. However, venturing into the world of online lending without a compass can leave you navigating choppy waters. - read more
The Clean Energy Finance Corporation (CEFC) has announced a significant investment of $100 million to facilitate the adoption of electric vehicles (EVs) across Australia. This initiative is designed to provide discounted financing options for both new and used eligible EVs, making sustainable transportation more accessible to consumers and businesses alike. - read more
The New South Wales (NSW) Government has initiated the latest round of its Electric Vehicle (EV) Fleet Kick-Start Funding, aimed at assisting businesses in transitioning their vehicle fleets to electric models. Applications for the 2025-2026 financial year are now open and will close on 29 May 2026. - read more
The Australian Finance Industry Association (AFIA) has released its latest Electric Vehicle (EV) & Hybrid Finance Report, revealing a substantial increase in financing for electric and hybrid vehicles. In 2025, financing surged to $7.37 billion, marking a 20% year-on-year growth as nearly 130,000 Australians transitioned to cleaner transportation options. - read more
