ebroker.com.au car loan repayment calculator

Thinking about taking out a car loan with ebroker.com.au? Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how ebroker.com.au car loans compare with other options.

I'd like to borrow

$

Loan term

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Your estimated repayment

at interest rate 4.67 %

Total interest payable

$0

Total amount payable

$0

ebroker.com.au car loans rates

Product
Advertised Rate

From

3.94%

Fixed

Comparison Rate*

5.05%

Company
Driva
Monthly repayment

$552

Upfront Fee

$400

Loan amount

$2k to $250k

Total repayments
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Company
Driva
More details
Product
Advertised Rate

From

3.99%

Fixed

Comparison Rate*

5.08%

Company
Credit Concierge
Monthly repayment

$552

Upfront Fee

$350

Loan amount

$10k to $150k

Total repayments
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Company
Credit Concierge
More details
Advertised Rate

4.67%

Fixed

Comparison Rate*

5.22%

Company
loans.com.au
Monthly repayment

$562

Upfront Fee

$400

Loan amount

$5k to $100k

Total repayments
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Company
loans.com.au

Winner of Best new car loans, RateCity Gold Awards 2021

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Product
Advertised Rate

From

5.19%

Fixed

Comparison Rate*

5.46%

Company
Wisr
Monthly repayment

$569

Upfront Fee

$195

Loan amount

$5k to $63k

Total repayments
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Company
Wisr
More details
Product
Advertised Rate

From

4.05%

Fixed

Comparison Rate*

5.63%

Company
Stratton
Monthly repayment

$553

Upfront Fee

$700

Loan amount

$10k to $250k

Total repayments
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Company
Stratton
More details
Product
Advertised Rate

From

5.50%

Fixed

Comparison Rate*

5.85%

Company
OurMoneyMarket
Monthly repayment

$573

Upfront Fee

$250

Loan amount

$2k to $75k

Total repayments
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Company
OurMoneyMarket
More details
Advertised Rate

From

5.75%

Variable

Comparison Rate*

6.47%

Company
Symple Loans
Monthly repayment

$577

Upfront Fee

0%

of loan amount up to 5%

Loan amount

$5k to $50k

Total repayments
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Company
Symple Loans
More details
Advertised Rate

From

5.99%

Fixed

Comparison Rate*

7.26%

Company
Latitude Financial Services
Monthly repayment

$580

Upfront Fee

$140

up to $250 . $140 for loans < $5000. $250 for loans > $5000

Loan amount

$3k to $70k

Total repayments
Go to site
Company
Latitude Financial Services
More details

Learn more about ebroker.com.au

What is CTP insurance?

CTP insurance, also known as compulsory third-party insurance or a green slip, is compulsory if you want to register a vehicle in Australia. If you’re responsible for a car accident, your CTP insurance will be used to pay any compensation due to anyone who might be injured or killed. However, CTP insurance doesn’t cover you for vehicle damage or theft.

What is dealer finance?

Dealer finance is a car loan organised through a car dealer – as opposed to car loans organised by a finance broker or directly by the lender.

What is a dealership?

A dealership is a car yard or a place where cars are sold.

What is an operating lease?

An operating lease is an arrangement by which a company leases a car from a vehicle fleet supplier for a set period. It’s a bit like a long-term car rental in that the company gains access to the car but the supplier retains ownership. Companies like operating leases because they are tax-deductible and because they save the company from having to make a large upfront payment to buy a car.

What is proof of income?

Before giving you a car loan, lenders will ask for proof of income – documentary evidence that you earn as much as you claim you earn. Lenders will typically want some combination of tax returns, pay slips and bank statements. The reason lenders want proof of income is because they want to be sure you have the means to repay the car loan.

What is salary packaging?

Salary packaging is an arrangement you can make with your employer that can allow you to buy a car from your pre-tax salary. The advantage of salary packaging is that it will redue your taxable income.

What is an establishment fee?

Some lenders will charge you an establishment fee, or one-off upfront fee, to cover the cost of setting up your car loan.

What is residual value?

The residual value of a car is how much it will be worth at the end of a lease period. Finance companies need to calculate a car’s residual value before they can know how much to charge during the lease period. For example, if a financier calculates that a $30,000 car will have a residual value of $16,000 at the end of a five-year lease, the financier will know that it must charge $14,000 to break even on the lease – and more to make a profit.

What is a commercial hire purchase?

A commercial hire purchase, or CHP, is an arrangement by which a finance company buys a car on your behalf. You get to borrow the car in return for making regular payments to the financier. Once the final payment is made, you take ownership of the car. 

What is collateral?

Collateral, or security, is an asset you agree to surrender to a lender if you fail to repay a loan. Generally, the collateral for a car loan is the car itself. So if you fail to repay the loan, the lender might seize your car, sell it and then use the proceeds to recover their debt.

What is an upfront fee?

An upfront fee is a one-off fee that many lenders charge when you take out a car loan.

What is a loan-to-value ratio?

The loan-to-value ratio, or LVR, is a percentage that expresses the amount of money owed on the car compared to the value of the car. For example, if you take out a $15,000 loan to buy a $20,000 car, you have a loan-to-value ratio of 75 per cent. Loan-to-value ratios change over time as you pay off your loan and your car depreciates in value. For example, two years later you might now owe $10,000 on your car, which might now be worth $15,000. In that case, although there would still be a $5,000 difference between the size of the outstanding loan and the value of the car, the loan-to-value ratio would now be 67 per cent.

What is a pre-approval?

A pre-approval is a formal document that indicates how much a lender is willing to lend to a consumer – once that person has found the car they want to buy. A lender will assess a borrower’s credit history and financial circumstances before issuing a pre-approval. However, lenders are under no obligation to follow through on pre-approvals, so pre-approvals should be seen as statements of intent rather than rock-solid guarantees.

What is a green slip?

A green slip, also known as compulsory third-party insurance or CTP insurance, is compulsory if you want to register a vehicle in Australia. If you’re responsible for a car accident, your green slip will be used to pay any compensation due to anyone who might be injured or killed. However, a green slip doesn’t cover you for vehicle damage or theft.

What is a balloon payment?

Some lenders will offer borrowers reduced monthly repayments in return for a one-off lump sum – or balloon payment – that the borrower has to pay at the end of the loan. Generally, the total repayments on a loan with a balloon structure will be higher than a loan without.