Car and motor loan calculator

Buying a car is exciting stuff. Before you get too emotionally committed, it might be an idea to have a play with the fields below and work out what your weekly, fortnightly or monthly car loan repayments could be. You can enter different loan amounts, loan terms and interest rates to get a better picture of what you could afford to drive away in.

Feeling flush? Check out how much interest you could save if you could make extra repayments.

Note: Associated fees and charges aren’t included in the calculation below.

Calculators and tools

Personal loan repayments

Interested in what your repayments might be before you jump into applying? Use our personal loan calculator to find out.

Calculate repayments

Budget planner

Not sure how far the budget will stretch? Take a look at our budget planner. It’ll help work out how much you can afford to repay.

Set up a budget

Car loan repayments

Eager to test drive but need to know your limits? Use our car loan calculator to work out your approximate repayments before you choose your wheels.

Calculate repayments

How to apply

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Online application

Get started now and you’ll receive a response in 60 seconds.

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Important Information

For the'Latitude Car Loan' interest rates range from 8.99% to 13.99% p.a. (10.09% to 15.07% p.a. comparison rate).

This calculator should only be used as a guide to see how motor loan repayments can vary when you change the loan amount, interest rate, loan term and extra contributions. When extra contribution information is entered, it calculates the time and interest saved on the loan (please note that if you do make extra contributions within a Motor Loan you may incur the Early Termination Fee).

If you move your mouse over the graph you can view your original balance as well as the balance after making extra repayments for each year over the loan term. If the time and interest saved from your extra contributions is minimal you will need to click the ‘Line Graph’ box in the top right hand corner to view the saving on the graph.

Calculator Assumptions

This information outlines how the calculator determines the interest and repayment amounts compared with the reality of how a Motor Loan establishes these amounts.

Note that other fees and charges associated with a Motor Loan are not included in the calculation.

Length of Month

The calculator assumes all months are of equal length. However given some months are longer than others and interest is accrued on a daily basis, the interest charged on a Personal Loan will vary depending on the number of days in the month.

Number of Weeks and Fortnights in a Year

The calculator and a Motor Loan assumes one year contains exactly 52 weeks or 26 fortnights, based on 364 days a year, rather than the actual 365 or 366 days in a year.

Rounding of Repayment Amounts

The time saved is presented as year/month saved. The figure is round down to the closest month which slightly understates the saving.

Rounding of Time Saved

The time saved is presented as year/month saved. The figure is round down to the closest month which slightly understates the saving.

Amount of Interest Saved

This number is not rounded and is approximated from the time saved.