Car Loan Calculator
Calculate monthly car loan repayments, including an optional balloon payment.
Monthly repayment
$601
Monthly
$601
Total repaid
$36,068
Total interest
$6,068
Loan term
60 mths
| Loan amount | $30,000 |
| Total interest | $6,068 |
| Total cost of loan | $36,068 |
This calculator provides estimates for general information only and should not be considered financial, tax or legal advice. Check official Australian Government sources for current rates and rules.
How the Car loan repayments calculator works
This calculator uses the standard amortising loan formula to work out a fixed monthly repayment that pays off your car loan, plus interest, over your chosen term. If you add a balloon payment, your monthly repayments are lower, but a lump sum is still owed at the end of the loan.
The result estimates principal-and-interest repayments only — it doesn’t include establishment fees, ongoing account fees, or balloon refinancing costs, so check your loan contract for the complete picture.
Frequently asked questions
A balloon (or residual) payment is a lump sum due at the end of a car loan, which lowers your regular repayments in exchange for a large final payment. Set it to $0 if your loan doesn't have one.