Car Loan Finance Calculator

Use our easy car loan calculator to figure out how much you could borrow

Car loan calculator

What year of vehicle were you looking at buying?Enter the estimated manufacture year of the vehicle you’re looking to buy. Typically, the older the vehicle, the higher the interest rate.
2019
    Vehicle price
    Deposit
    Loan term
    Add balloon payment
    • Also known as a balloon or residual payment, this is a lump sum payment payable to the lender at the end of your loan term. While you may end up paying more interest with a balloon, your monthly repayments will likely be lower
    How’s your credit score?Your credit score?
    I know my score
    Not sure?Here’s our guide
    • Poor: Some past credit issues
    • Average: Occasional missed payment, but no defaults or other issues
    • Great: Limited credit history, but so far so good!
    • Excellent: Perfect history, past credit and never missed a repayment
    • Poor: Some past credit issues
    • Average: Occasional missed payment, but no defaults or other issues
    • Great: Limited credit history, but so far so good!
    • Excellent: Perfect history, past credit and never missed a repayment

    Weekly repayment

    77

    Comparison rate

    • The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate is based on a $30,000 loan over 5 years.

    4.05%

    Weekly repayment

    77

    Finance amount

    18,000

    Repayment frequency

    Interest rate

    4.5%

    Comparison rate

    • The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate is based on a $30,000 loan over 5 years.

    4.05%

    (No effect on your credit score)

    Instant & personalised

    No impact on credit score

    Why our calculators different

    Exact match

    You can get an exact rate match instead of a generic estimate.

    All fees included

    Our monthly repayment estimates are fully inclusive of all fees of the lender, so no need to worry about hidden surprises.

    Fully flexible

    We'll look at a wide range of inputs to give you a personalised calculation across a variety of loan structures.

    Find my rates

    Don’t take our word for it

    We always recommend a second opinion. Read our customer reviews.

    Car Finance With

    Borrow the full amount

    Whether you’re buying a new or used car, you can borrow the full amount of the car’s purchase price and avoid dipping into your savings!

    Expanded choice of vehicles

    A car loan can give you the ability to buy a more modern vehicle than you would be able to afford otherwise. This will likely mean cost savings with fewer visits to the repair shop and a more enjoyable driving experience.

    Low rates & monthly repayments

    Secured car loans with Driva are accompanied by very low rates because your car is used as collateral, and because the loan is paid back over a longer period of time (up to seven years), monthly repayments are low as well.

    Get a personalised quote

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