Use our handy online calculators to help with loan repayments, budgeting and savings
Frequently Used Calculators
Home Buying Calculators
Does a credit score change the interest rate?
Your credit rating and/or credit score will determine the interest rate you can receive. The higher the score, the better the interest rate. Your credit score is determined by factors such as: overall debt level and repayment history on loans and credit cards.
What loan term should I look at?
You can choose a car loan term that’s suitable to your budget.
Many customers tend to choose vehicle loans over longer terms so the repayments are low and manageable, but opt to repay higher repayments throughout. This provides flexibility in knowing your car loan is paid off sooner and saves paying unnecessary interest.
If your committing to a higher repayments at the start of the loan, there is little room to reduce the repayments with lenders should anything happen throughout the term (loss of employment etc)
How long does it take for loan approval?
With your dedicated finance specialist at your side, your loan could be approved the same day and settlement within 24-48 hours.
What do I need to apply?
You will need to provide ID documents and proof of income
What else changes the interest rate?
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.
Are there any other costs?
Loan calculators help to provide a guide on loan repayments, budgeting, comparisons and savings. Generally loan calculators will 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.
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You should however take into consideration that an online car loan calculator is to be used as a Guide Only and may not include all fees and charges. Every effort has been made to ensure the accuracy of the calculator, however use and results are at your own risk. Banks and vehicle financiers will base their final decision on the vehicle age, the amount borrowed and the overall profile of the customer.