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.
| Years remaining | Principal remaining |
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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).
You 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:
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.
You won't be charged for clicking through to one of our car finance partners. We get paid out of their pocket – not yours.
We've helped thousands of Australians find a car loan by keeping things simple and free of complicated jargon.
Our side-by-side car loan comparison makes it easy to find a car loan that is a good fit.
Lenders set their interest rates based partly on your credit score. Having an excellent credit score (800 or above) means you can get a lower rate on your car loan. A lower score can result in a higher interest rate.
You can check your credit score quicky for free before you look at car loans. If your score is on the lower side, there are steps you can take to improve your credit score.
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.
These 3 loans are identical except for the interest rate.
| Details | Loan 1 | Loan 2 | Loan 3 |
| Loan amount | $30,000 | $30,000 | $30,000 |
| Interest rate | 7% | 9% | 12% |
| Loan term | 5 years | 5 years | 5 years |
| Monthly repayments | $595 | $623 | $668 |
| Total cost | $35,643 | $37,366 | $40,041 |
These 3 loans are identical except for the loan term.
| Details | Loan 1 | Loan 2 | Loan 3 |
| Loan amount | $30,000 | $30,000 | $30,000 |
| Interest rate | 9% | 9% | 9% |
| Loan term | 3 years | 5 years | 7 years |
| Monthly repayments | $954 | $623 | $483 |
| Total cost | $34,344 | $37,366 | $40,545 |
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.
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.
Karmo offers a flexible and convenient subscription service where you can get a replacement car every few months.
Taking out a car loan for an electric vehicle with NRMA gives you a 1.5% discount on the current interest rate.
With Citi’s Personal Loan Plus you can buy a new or used car and pay it off over a fixed period that works for you.
A used car loan with high borrowing amounts and both secured and unsecured options.
Find the best car loan for your circumstances with CarClarity. Rates start from just 3.35% p.a. and borrowers can apply for loans from $10,000 to $250,000 for new and used cars.
If you’re in the market for a new car, the Great Southern Bank Fixed Rate Car Loan may be able to give you the funds you need. With the security of a fixed rate and flexible repayments, this loan might be what you need to own your new set of wheels.
Finder research shows 2.7 million Australians have a car loan. Find out how much Aussies are borrowing, and how this has changed over time.
Opt for an Alex car loan and receive a personalised interest rate from 6.95% to 19.99%. Alex's car loans have no ongoing fees and are available from $2,100 to $30,000.
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