Use iCREDIT’s car loan calculator to estimate your repayments before applying.
Adjust the loan amount, interest rate and term to see how different car finance options may affect your monthly budget.
Whether you’re buying a new car, used vehicle or refinancing an existing loan, this calculator helps you compare repayment scenarios before choosing a loan.
Enter your estimated loan amount, loan term and interest rate to calculate your repayments.
This gives you a guide on what your car loan may cost over time and helps you compare different finance options before applying.
Keep in mind that actual rates, fees and loan structures vary depending on your credit profile, vehicle age, lender policy and whether the loan is secured or unsecured.
Estimate repayments instantly with adjustable interest rates.
Using a car finance calculator before applying helps you avoid common mistakes that can impact your approval chances.
✔ Understand your borrowing capacity
✔ Avoid overcommitting financially
✔ Compare multiple loan scenarios
✔ Prepare for lender requirements
✔ Improve approval outcomes
Many borrowers go directly to a lender and receive only one option. By calculating and comparing upfront, you position yourself to choose the most suitable loan — not just the one offered.
Using a calculator is just the first step.
With iCREDIT, you can:
This gives you full visibility before submitting an application.
With your dedicated finance specialist at your side, your loan could be approved the same day and settlement within 24-48 hours.
You will need to provide ID documents and proof of income
Banks and Vehicle Finance Companies asses loans based on risk. What is the customer like? Are they going to repay the loan? Is their job stable?
The vehicle age also determines the interest rate or loan term as older model cars can be viewed as being harder to sell by the lender, should the customer default on their secured loan.
For example: A new to 2 year old car will receive a lower interest rate than a 18-20 year old vehicle.
The car loan calculator is a guide only and does not take into consideration any potential monthly fees, establishment fees, credit check or vehicle check fees set by the lenders.
These fees are generally included in the loan borrowed amount and do vary from bank to bank.
For a detailed explanation of potential lender fees, contact our motorbike finance specialists on 1300 350 118.
It provides an estimate based on your inputs. Final repayments depend on lender approval and your profile.
No — it’s completely obligation-free.
Shorter terms save interest, while longer terms reduce repayments. It depends on your budget.
Yes — iCREDIT provides a full lender comparison before you apply.
Choosing vehicle finance is not as daunting as it could be when you have iCREDIT in your corner. Whatever your requirements and whatever your financial situation, we’re on your side. We’re backed by national buying power, which means that we’re in the best position possible to negotiate better, more affordable finance rates for you. Going through us is simpler, more affordable and more rewarding than going to banks directly for financing.
Whether you’re buying a new or used car, have your eye on a classic car, business use vehicle or just need someone to give you a go with second chance car finance; Make the smart choice by talking to one of our dedicated finance consultants today and you’ll be well on your way to securing the motor vehicle of your dreams. We do all the heavy lifting for you, as at iCREDIT, we’re your one-stop vehicle financing solution.
