Car Loan Calculator

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Your estimated repayments are

$ 0,353.07 monthly f/nightly weekly


Fixed car loans for new cars

Company Advertised rate Comparison rate* Monthly repayments  
Car Loan (Dealer Only) 4.89% 5.44% $565 More details
Low Rate Special Car Loan Offer 5.49% 5.73% $573 More details
Discounted Car Loan 5.64% 5.99% $575 More details
Car Loan 8.49% 9.60% $615 More details
Ad rate Comp rate* Repayments
Car Loan (Dealer Only)
4.89% 5.44% $565
More details
Low Rate Special Car Loan Offer
5.49% 5.73% $573
More details
Discounted Car Loan
5.64% 5.99% $575
More details
Car Loan
8.49% 9.60% $615
More details

Data accurate as at 20 February 2020. Rates based on a loan of $30,000 for a five-year loan term. Products sorted by advertised rate, then by company name (A-Z). View disclaimer.

Calculate your car finance repayments

One of the more common ways to finance a car purchase, aside from buying it outright, is to use a car loan. Car loans charge an interest rate in exchange for funding some or all of the car’s purchase price, which you pay back in regular instalments.

Our car finance calculator can help you calculate your potential car loan repayments, based on your interest rate, car price, loan term and payment frequency. You can use our car repayment calculator to help you work out what you can (and maybe what you can’t) afford when the time comes to purchase your next set of wheels.’s car loan repayment calculations are estimates only; consider speaking to a professional to get dedicated car loan advice.

Car loan calculator with balloon payment

A balloon payment or “residual value” is an agreed-upon lump sum that you will pay to your lender at the end of the car loan term. Effectively, the balloon amount builds over the period of the loan by diverting a portion of your interest payments into it, so that your monthly payments (from a cash perspective) are reduced. Balloons are usually a significant lump of your loan amount (eg. 30-50%), which is why they have the ability to reduce the amount of your monthly repayments in such a substantial way.

How balloon payment is calculated

Example: if you took out a $30,000 car loan for 5 years at 6% interest and had a (30%) balloon of $9,000, your monthly payments would be reduced from $579.98 (no balloon) down to $451. At the end of the loan term, you would then have to pay the $9,000 sum left over in full.

It’s important to remember that while car loan balloon payments are helpful because they reduce your monthly repayments, they do in effect charge you more in interest across the term of the loan.

Cost of $30,000 5-yr car loan
at 6% interest rate (excl. fees)
30% balloonNo balloon
Monthly repayments$450.99$579.98
Total repayments after 5 years
(repayments + balloon)
Interest costs$6,059.40$4,798.80
Cost difference+$1,260.20

Car loan news


The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:

  • The big four banks are: ANZ, CBA, NAB and Westpac
  • The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2019. They are (in descending order): Credit Union Australia, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.
  • The larger non-bank lenders are those who (in 2019) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.

Some providers' products may not be available in all states.

In the interests of full disclosure, and are part of the Firstmac Group. To read about how manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.

*The Comparison rate is based on a $30,000 loan over 5 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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