Calculate your car loans repayments and savings when switching your car loans from the Big 4 banks

Borrowers who have switched to smaller, more competitive lenders are saving hundreds of dollars every month. With rates well under 10% now, there’s no better time to switch. Compare your car loan rate against the latest deals:

I want to borrow

$

Over a loan term of

years

With an interest rate of

%

Repayment frequency

Tip:By paying weekly, you are saving $95.

,
Product
Advertised Rate
Comparison Rate*
Company
Save by switching
Repayment
Upfront Fee
Go to site

15.99%

Variable

16.84%

ANZ

no savings

$168

based on $30,000 loan amount for 5 years

$150

Go to site
More details

3.97%

Fixed

4.51%

loans.com.au

$5.1k

total savings

$127

based on $30,000 loan amount for 5 years

$400

More details

*How we came up with our estimates?

  1. Estimated savings are calculated by averaging the car loan interest rates from Australia’s big four banks; averaging the four lowest interest rates for personal loans available through RateCity; and comparing the cost difference when these average interest rates are applied to a $30,000 loan with a five term and monthly repayments.
  2. These estimated savings calculations were made on 8 March 2018.
  3. Estimated savings are not a guarantee or projection of future savings.