Car Loan Calculator

See your estimated repayments per week/fortnight/month.

Compare car loans with rates starting at 5.85% p.a. Instantly check your eligibility with 26 lenders online.

How to Use the Car Loan Calculator

What Affects Your Car Loan Repayments?

Loan Amount & Interest Rate – Higher amounts and rates increase your repayments.
Deposit Size – A larger deposit reduces the loan amount and may unlock better rates.
Credit Score – A higher credit score can help you secure lower interest rates.
Loan Term – Longer terms reduce monthly repayments but may increase total interest paid.
Lender & Loan Type – Different lenders and loan structures offer varying benefits.

How to Lower Your Car Loan Payments

Increase Your Deposit – Borrow less and reduce interest charges.
Refinance Your Loan – Switch to a lower rate for better savings.
Choose a Longer Term – Spread repayments over a longer period for lower monthly costs.
Improve Your Credit Score – Better credit can help secure lower interest rates.

The Difference Between Headline Rates and Actual Rates

You may not qualify for the headline rate because:

You may also notice differences between the Comparison Rate and the Initial Rate. The causes of these differences are as follows:

The initial rate is the raw interest rate as offered by the bank
The comparison rate factors in other costs like application fees, establishment fees, ongoing account-keeping fees, and discharge fees.