Vehicle Finance
Car Loan Calculator
Calculate your car loan repayments including balloon payments. See total interest and compare the cost of different loan terms.
Loan Details
A lump sum due at the end of the loan term
Rate shown is indicative. Your actual rate depends on your credit profile and lender.
Monthly Repayment
$615
Loan Amount
$30,000
Total Interest
$6,930
Total Repayments
$36,930
Total Cost of Car
$41,930
Cost Breakdown
Loan Split
Car Loan Financing in Australia
Car loans in Australia are typically structured as secured personal loans. The vehicle acts as security for the loan, which usually results in lower interest rates compared to unsecured personal loans.
What is a Balloon Payment?
A balloon payment (also called a residual value) is a lump sum due at the end of the loan term. It reduces monthly repayments during the loan but means you'll need to refinance, pay the balloon, or sell the vehicle at the end of the term.
Comparison Rate
When comparing car loans, look at the comparison rate — not just the advertised rate. The comparison rate includes most fees and charges, giving you a more accurate picture of the true cost of your finance.