Quickly calculate repayments, total interest, compare rates, consider loan options.
This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
Our calculation device empowers vehicle buyers to get their own finance estimates to compare their options and support decision making. Find out how much your loan will cost each month, fortnight or week, for different borrowing amounts. Find out how much total interest you will be paying on a loan at different rates, for different amounts, and over different repayment terms. The device is an amortisation calculator in that it spreads the repayment of the amount borrowed and the interest over the term of the loan. Repayments reduce both the principal, and the interest payable. As more repayments are finalised, the less is owed on the loan. The total amount of interest payable on a loan is determined by the interest rate, the loan amount and the term of the loan. Buyers can work out the total interest they would pay on different amounts at different rates over different terms, using the calculator.
For example, a $30,000 car loan at an interest rate of 6.75%, taken over 5 years, attracts monthly repayments of $591 pm. The total interest payable on that loan is $5430.
Our car finance repayment calculator is quick and easy to use. Get immediate monthly loan repayments and understand the overall cost of your loan by inputting your loan amount, loan type (secured or unsecured), term and repayment schedule, and the interest rate (if it differs from the autogenerated one). The calculator provides a simple breakdown of your monthly repayments and the overall rate of interest.
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The total amount of money you wish to borrow for your new or used car purchase is known as the ‘borrow amount’. When inputting this amount, it should include any additional costs. These costs can include registration and insurance for the vehicle.
When inputting the interest rate, borrowers should enter the competitive interest rate being offered by Jade Finance for either secured or unsecured credit facilities at that moment. Entering a rate that is representative of your credit profile and the lending market is important because it will significantly affect the repayment amount shown.
In this field of the calculator, you will need to indicate the duration of your loan repayment. Typically, car loan terms range from 1 to 7 years. It is important to know that longer terms lead to lower monthly payments but can increase the overall interest paid, and vice versa.
Car loans can be repaid monthly, bi-weekly, or weekly. In the repayment schedule field, borrowers must decide the repayment frequency that works best for them. The schedule is an important consideration because it can directly impact your cash flow.
Securing the lowest interest rate on your motor vehicle finance reduces the interest payable and the overall outlay for the vehicle. We assist borrowers to secure their best rate in the market to match their profile, through our accreditations with more than 80 lenders. Every rate is individually sourced by our brokers, with the most suitable lender selected to ensure the most competitive rate, and motor vehicle finance is secured. Contact us for your best rate.
Our vehicle finance calculator is a versatile device which can be used for all types of credit facilities. For private buyers – Secured Car Loan and Unsecured Personal Loans. Secured loans are used for new and good condition used vehicles where the car is accepted as loan collateral.
Business buyers can select from Lease, Chattel Mortgage and Commercial Hire Purchase. ‘Green’ variations of these credit facilities may be available through selected lenders for electric and low emission vehicles.
By using the interest rate applicable to the credit facility required in the calculator, buyers can estimate their repayments and interest.
Our car loan calculator allows borrowers to find the best possible finance for their specific needs and requirements.
When applying for credit, understanding the terms used by the lending sector can be important to achieving your most workable finance solution. The principal is the amount being borrowed. This is the amount you would enter in the calculator. Interest is the cost of using the lender’s funds to purchase a motor vehicle and is represented by the interest rate. The longer a borrower takes to repay a loan – the term, and the larger the principal, the more interest will be charged on the loan. This is the total interest payable. When calculating your loan, the total amount payable over the full term at the rate entered, will be displayed. The repayment is the amount a borrower pays to the lender. Repayments may be on a weekly, fortnightly or monthly basis. The total repayments figure shown is how much the borrower will be paying for the loan. That is, the principal plus the interest. Knowing what these terms mean for your specific loan, may enable you to establish your preferences to work with your budget.
Our car loan calculator allows borrowers to find the best possible finance for their specific needs and requirements.
Your Jade brokers will be sourcing your best rates, but the rate a lender will offer will depend on your personal circumstances. Interest rates are essentially an assessment of risk of lending to an applicant for specific goods. Lenders assess risk when establishing their rates. This results in interest rates for car finance varying with:- different types of lending products; different banks and non-bank lenders; with new, used and green cars; with fixed and variable rates; with the amount being borrowed; and with the credit profile of the borrower.
The interest rate is expressed as a percentage per annum (per year). It is essentially the price a lender charges to borrow funds from them. Lenders typically display their best rates based on finance for new cars to borrowers with a good credit profile. Secured loans attract lower rates than unsecured loans because the lender has the funds secured with the car as collateral. Fixed rates will not change over the term. Variable rates can change if a lender changes their rate for that lending product. Rates vary across the market because lenders have different criteria and guidelines for establishing their rates and varying operational costs for their business.
When using the calculator, the interest payable is included in the repayments and the total interest spread over the number of payments. As the payments are made, the total amount owed on the principal and the interest decreases.
Our car loan calculator allows borrowers to find the best possible finance for their specific needs and requirements.
A vehicle finance calculator is a generic device and can be used to calculate loans at all values. Most lenders will approve vehicle finance from $10,000 to $150,000. The device works on the amounts entered by the user. The specific amount an individual borrower is approved to borrow is known as their credit limit. Lenders will determine how much they will extend to a borrower by assessing their personal financials including income and expenses, their borrowing history, credit score, and the type of loan requested – secured or unsecured. While lenders do determine credit limits, borrowers can take steps to reduce their repayments and interest payable with the amount of their loan.
Deposits and trade-ins can reduce the loan amount required and the repayments and interest payable.
For example: reducing a $50,000 loan principal by $10,000 with a trade-in or deposit, leaves a loan amount of $40,000. At an interest rate of 6.75% over 5 years, this can reduce total interest payable from $9050 to $7240.
Consider your options by using our finance calculator to estimate your loan.
Our car loan calculator allows borrowers to find the best possible finance for their specific needs and requirements.
Lenders offer motor vehicle finance over terms of 1 to 7 years. The term will determine the amount of each repayment and the total interest payable. The shorter the term, the larger each repayment will be, but the loan will be finalised sooner. The longer the term, the smaller each repayment and it will take longer to wholly own the vehicle. Borrowers can request their preferred term, but lenders will include approval of the term when assessing the application. Payment intervals may be on a weekly, fortnightly or monthly basis. Loan applicants can select the repayment schedule that best suits their budgeting. To see how the finance term affects your loan, use the calculation device to calculate repayments based on different terms.
For example, a $30,000 loan at 6.75% with a term of 4 years involves monthly repayments of $715. A $30,000 loan at 6.75% with a term of 5 years involves monthly repayments of $591. Some loans may include a balloon which reduces the repayments and is payable as a lump sum after the final scheduled repayment is finalised.
Our car loan calculator allows borrowers to find the best possible finance for their specific needs and requirements.
Our calculation device is extremely quick and easy to use. You don’t need any special mathematical skills or any specialist knowledge in motor vehicle finance. You simply click preferences and type in the amounts for your loan. The device carries out the complex interest rate computations and amortises the principal and interest to display your repayments.
Select the type of loan from the drop down menu – secured, unsecured, green. Our best current interest rate for that type of loan will automatically be shown. You can easily change that rate to allow for being offered a higher rate or to compare our rates with rates from other lenders.
The loan amount is how much you want to borrow. That may be the price of the car. Type in that amount. Click on the loan term preferred – the choices range from 1 to 7 years. Click on the repayment schedule you prefer – weekly, fortnightly or monthly.
That’s all you need to do – the results are displayed with how much each payment will be, the total interest payable on the loan and the total repayments.
Here’s an example: On a $40,000 loan (principal) at a secured loan rate of 6.75%, over a term of 5 years, would involve 60 monthly payments $787 each. Total interest payable would be $7240 and repayments would total $47,240.
Change any or all values entered to estimate another loan. Contact us for specific rates and a quote based on your specific credit profile and financials.
Jade Finance brokers will be working in your best interest to secure you the lowest interest rates currently available in the market. But the rate you are offered, and the loan amount you are approved for, will depend on your credit score, the type of loan, the preferred term and the individual policies and guidelines of the lender. Rates also vary with individual lender guidelines, policies and approval criteria. How much you are approved to borrow is determined by your borrowing history, income and expenses, personal circumstances, and if the vehicle being financed is used as loan collateral. To quickly check your eligibility and find out your credit limit and best rate, connect with the Jade Finance experts.
Our flexible, easy-to-use Car Repayment Calculator serves as your Loan Estimator, Showing interest computed across secured & unsecured credit for either business or personal loan options.
We have attempted to set out our car finance calculator in an easy to follow and easy to use format. But we appreciate that users may still have doubts and questions around using this function. It can be a very useful resource in both selecting your vehicle and structuring you finance. We want you to feel confident in using this facility so we have provided responses to some typical queries which some people may have. If you have another question which is not addressed here, please reach out to our consultants at 1300 000 008.
Online calculators can have the capacity to calculate repayments based on a weekly, fortnightly or monthly schedule. Users select their preference.
All types of credit facilities – personal and commercial, can be estimated with an online vehicle finance calculation device. The appropriate interest rate should be used.
Vehicle finance terms are available for 1-7 years. To get estimates, calculator users can select their preferred term.
An online calculator provides estimates only. The results do not include lender fees and charges. The quote may differ because you have not been offered the interest rate you used with the calculator.
Borrowing capacity is determined by lenders. The applicant is assessed for financials, income, expenses, borrowing history, credit score and the type of loan requested.
Total interest payable on a car loan can be calculated using an online calculation device. When the values for the loan are entered, the device displays the total interest for a loan of that value over the term entered at the rate entered.
Lenders approve $10,000 to $150,000 for car loans. The credit limit of an individual is determined by the lender assessment of the credit profile, financials and application specifics.
Vehicle finance rates are determined by lenders individually for different products and for different borrowers based on their individual profiles, credit scores, financials, and loan amounts.
Vehicle finance rates vary across the lending market. Rates offered by individual lenders can vary at different times, depending on market trends, their operational costs, and economic forecasts. Both banks and non-bank lenders can be competitive.
Vehicle finance repayments can be estimated using an online finance calculator. These devices are provided by lenders and brokers.
Jade Finance simple fast approval application process quickly delivers back all the information you need to help you make the right choices on your finance needs. We pride ourselves on delivering better loan interest rates. Simply you will find our loan packages hard to beat.
