Car Loan Calculator
How much will my car loan repayments be?
Use our custom Car Loan Calculator to calculate your monthly car loan repayments for a car or motor vehicle in Australia. You can customise your car loan calculation by inputting the interest rate, loan term (length) in years, cost of the car, and deposit.
Disclaimer: Please be aware that any calculations produced by this calculator are meant for guidance purposes only. They are purely illustrative and depend on the details you input. The estimated repayments do not account for additional lender fees and charges.
How the car loan calculator works
To get started, you’ll need to input some details about the loan:
More on interest rates
When applying for a car loan, several factors influence the interest rate you’ll be offered. These include:
Credit score is a number that represents your creditworthiness. Lenders use it to assess the risk of lending to you. A higher score means lower interest rates and suggests you're more likely to repay the debt on time.
The loan-to-value ratio (LVR) is the ratio of the loan amount to the value of an asset being purchased. A lower LVR means less risk for the lender since you're putting more of your own money into the purchase. This increases the likelihood of them being able to recover the outstanding balance of your loan if you default.
Loan term affects interest rate. Shorter terms have lower rates due to less risk for lender, while longer terms may have higher rates due to extended repayment period and increased risk.