Calculate your car loan repayments
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Car Loan comparison
Lender | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed | New | 99 years | N/A | More details | |||||||||
New Car Loan (Fixed) (3 Years) | |||||||||||||
| Fixed | New | 99 years | N/A | More details | |||||||||
New Car Loan (3 Years) | |||||||||||||
| Fixed | New, Used | 99 years | N/A | More details | |||||||||
Car Loan (3 Years) | |||||||||||||
| Fixed | New | 99 years | N/A | More details | |||||||||
Secured Fixed Personal Loan (new asset) (3 Years) | |||||||||||||
| Fixed | New, Used | 99 years | N/A | More details | |||||||||
Secured Loan (3 Years) | |||||||||||||
| Fixed | New | 99 years | N/A | More details | |||||||||
Fixed Rate Car Loan (3 Years) | |||||||||||||
| Fixed | Used | 99 years | N/A | More details | |||||||||
Fixed Rate Car Loan (Used) (3 Years) | |||||||||||||
| Fixed | New, Used | 99 years | N/A | More details | |||||||||
Secured Fixed Car Loan (3 Years) | |||||||||||||
- Available for purchasing new and demo vehicles
- $5,000 to $150,000 loan amount
- Redraw facility available up to $5000/day
- Required: Good credit history, stable employment history. Aus citizenship or PR.
All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.
The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.
Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of March 18, 2025. View disclaimer.
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Savings.com.au
Savings.com.au Pty Ltd ACN 161 358 363 | Australian Financial Services Licence and Australian Credit Licence 515843
Calculator Assumptions: Car Loan Calculator
The figures provided should be used as an estimate only, should not be relied on as true indication of your car loan repayments, or a quote or indication of pre-qualification for any car loan product. The figures are based upon the information you put into the calculator. We have made a number of assumptions when producing the calculations including:
- Loan term, vehicle purchase price, and loan amount: We assume the loan term, vehicle purchase price, and loan amount are what you enter into the calculator.
- Interest rates: We assume that the rate you enter, is the rate that will apply to your loan for the full loan term.
- Interest and repayments: The displayed total interest payable is the interest for the loan term, calculated on the entered interest rate.
- Payable over 3/4/5 years figure excludes any balloon payment
Car Loan Calculator FAQs
The formula for calculating car loan interest is:
Monthly interest charged = (outstanding balance x interest rate) / 12
0% car loans allow you to pay back only the loan amount you have borrowed, without being charged any interest. Sometimes, 0% would only be available for a limited time such as for a promotional period and then will revert to a higher interest rate.
0% car loans may not actually mean you save any money compared to a normal car loan. You may be charged with a higher vehicle price and other fees that can significantly increase your repayments.
The most common types of car loans are:
- Secured car loans - this means your lender has the legal right to repossess the vehicle if you fall behind on repayments
- Commercial hire auto loans - a financer purchases the car and hires it to the consumer over a set period, and once all payments are complete the vehicle will be transferred to the consumer
- Finance Leasing - a financer purchases the car then leases it to the consumer giving an immediate use of it
- Unsecured car loans - this is a loan with no collateral, meaning if you default on loan repayments, the lender cannot repossess the car you purchased
*Comparison rates based on a loan of $30,000 for a five-year loan term. 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. Rates correct as of 4 March 2025.
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Savings.com.au
Savings.com.au Pty Ltd ACN 161 358 363 | Australian Financial Services Licence and Australian Credit Licence 515843