Loan Repayment Calculator

Your borrowing amount is the starting point of any repayment estimate. It represents the amount being financed after factoring in things like any deposit, trade-in, or upfront contribution.

In most cases, increasing the amount borrowed will increase your repayments, while reducing the amount financed may help make the loan more manageable from a cash flow perspective.

Testing different figures in the calculator can help you decide whether a smaller loan amount or larger upfront contribution may improve affordability.

The base interest rate is the rate applied to the financed balance and has a direct impact on your repayment estimate. Even small changes in rate can noticeably change the cost of the loan over time.

When comparing loan options, it is also important to look beyond the base rate alone. Fees and charges may affect the overall cost of finance, which is why comparison rate information is often used as a broader guide.

The calculator helps you explore how rate changes influence repayments, but the final rate available to you will depend on the lender, asset type, structure, and your individual profile.

The loan term is the period over which the finance is repaid. In asset finance, the term often falls somewhere between 1 and 7 years, depending on the asset and lender policy.

Spreading repayments across a longer term will usually reduce the regular repayment amount, although the total interest paid across the life of the loan may be higher.

A shorter term may increase repayment size, but it can also reduce the overall amount paid in interest. This is why term selection often comes down to balancing affordability with long-term cost.

A balloon payment is an agreed lump sum left owing at the end of the loan term. Rather than repaying the full balance evenly over the term, part of the finance is pushed to the end of the agreement.

This structure can reduce regular repayments and may suit borrowers who want lower ongoing commitments during the term.

It is still important to plan for how the balloon will be handled later, whether that is through payout, refinance, sale proceeds, or trade-in value.