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Car loan repayment calculator

Use our car loan calculator to work out how much your loan repayments will cost you.

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1 - 9 of 103
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Verified Lending Used Car Loan
Fixed1 - 7 Years $10,000 - $200,000
Interest Rate (p.a.)
7.1%
to 18.99%
Comp. Rate (p.a.)
8.06%
to 22.99%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$630.67
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
loans.com.au - Variable Rate Used Car < 5 years
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
to 7.74%
Comp. Rate (p.a.)
8.85%
to 8.99%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
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Showing 9 of 9 results

Finder's car loan calculator can help you figure out your loan costs in minutes. Use the calculator below or compare some car loan rates first to see what a good rate looks like.

How to use this car loan calculator

  1. Enter your loan amount. Or put in an estimate if you don't know your exact loan amount.
  2. Enter your loan's interest rate. If you don't know the rate you can take one from the car loan table below.
  3. Enter your loan term. Car loan terms are usually between 1 and 7 years.
  4. Select your repayment frequency. You can choose monthly or fortnightly repayments.

You can also enter an amount for extra repayments if you are planning to pay off the loan early (and if your car loan allows it).

Car loan repayment calculator

Your loan details

Loan amount
$
Term
Repayment type
Interest rate
%
Interest only period
Payment frequency
Extra monthly repayments
$

Overview of your loan

Once the interest only period ends, your estimated repayments will be
(including extra )
Total loan repayments:
Total interest payable:
Compare car loans
By making extra monthly repayments of
Your loan term could reduce by:
You could pay less interest, saving:
Years remaining Principal remaining
Calculator Assumptions: The above calculations are worked out assuming you’re paying off a principal and interest loan where the interest rate remains the same over the life of the loan. The repayment amounts do not take into account any additional fees or charges that may be charged to your loan (e.g. application fees).
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a loan.

Example car loan repayment calculation

Picture not describedYou are looking to buy a $25,000 car. It's a new car and you're planning to borrow the entire amount with a secured car loan. You find a loan with an interest rate of 7%.

You enter your loan amount and interest rate into the calculator and choose a 3-year loan term. You get the following results:

  • Monthly repayment = $772
  • Total loan cost over 3 years = $27,790

Car loan repayments comparison: example total repayment amount

We've run some simple calculations based on example car loans. This illustrates how your loan amount, loan term and the interest rate affect your loan repayments.

How the interest rate affects your car loan repayments

These 3 loans are identical except for the interest rate.

DetailsLoan 1Loan 2Loan 3
Loan amount$30,000$30,000$30,000
Interest rate7%9%12%
Loan term5 years5 years5 years
Monthly repayments$595$623$668
Total cost$35,643$37,366$40,041

How the loan term affects your car loan repayments

These 3 loans are identical except for the loan term.

DetailsLoan 1Loan 2Loan 3
Loan amount$30,000$30,000$30,000
Interest rate9%9%9%
Loan term3 years5 years7 years
Monthly repayments$954$623$483
Total cost$34,344$37,366$40,545

Average car loan interest rate trend (updated April 2024)

Calculate your car loan repayments using actual car loan rates

For a simple way to calculate your repayments with real life car loans, just enter a loan amount and loan term in the table below. You can see monthly repayments for each loan in the last column on the right.

Why compare car loan repayments with Finder?

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It's 100% free

You won't be charged for clicking through to one of our car finance partners. We get paid out of their pocket – not yours.

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We're here to help

We've helped thousands of Australians find a car loan by keeping things simple and free of complicated jargon.

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It's quick and easy to use

Our side-by-side car loan comparison makes it easy to find a car loan that is a good fit.

5 tips to reduce your car loan repayments

  1. Find a car loan with a lower interest rate. The lower the interest rate, the less interest you pay.
  2. Watch out for fees. Some lenders charge a one-off application fee and a smaller monthly fee.
  3. Adjust your loan term to suit your needs. A shorter loan term means your monthly repayments are higher but you pay less interest overall. A longer loan term means smaller monthly repayments. But because you'll have the loan for a longer time you end up paying more interest.
  4. Make extra repayments. If a car loan lets you make extra repayments you can pay it off early and reduce your overall costs.
  5. Improve your credit score. You can get a lower interest rate if you have a better credit score.

Hidden costs that can make your car loan more expensive

Speed

Early exit fees

Some lenders let you make extra repayments. But some actually charge you a fee for paying off the loan early. This is more common on fixed rate car loans.

You can check a loan's exit or early repayment fees before you apply.

Balloon

Balloon payments

Some lenders offer car loans with a balloon payment structure. This just means that your monthly repayments throughout the loan will be lower. But at the end of the loan term you'll have to pay off a large lump sum to fully pay off the loan.

This can be a nasty surprise if you don't understand how the balloon payment works.

Frequently asked questions

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