A repayment calculator is designed to give you a useful estimate based on the figures you enter, such as the amount borrowed, the rate, the loan term and any balloon payment.

It is a planning tool rather than a formal quote, so your actual repayments may differ once lender pricing, fees, loan structure and your personal circumstances are taken into account.

It is best used to compare scenarios and understand affordability before moving on to personalised lender options.

The calculator uses a base interest rate to estimate repayments. The most suitable rate to test will depend on the type of asset, the loan purpose, your credit profile and the lender’s policy.

If you are unsure, using the slider to test a few different rate ranges can help you understand how sensitive repayments are to pricing changes.

When reviewing real loan offers, it is also important to look at the comparison rate as well as the base rate.

A comparison rate is intended to give you a broader view of the cost of a loan by combining the interest rate with most standard fees and charges.

This can make it easier to compare loan options side by side, because a low advertised rate does not always mean a lower total cost once fees are included.

In simple terms, the interest rate shows the borrowing rate, while the comparison rate gives a more complete guide to the likely overall cost.

A balloon payment leaves part of the loan balance outstanding until the end of the term instead of spreading that entire amount across your regular repayments.

Because of this, your weekly, fortnightly or monthly repayments will usually be lower than they would be on a fully amortising loan.

The trade-off is that the balloon still needs to be dealt with at the end, whether by paying it out, refinancing it or using the sale or trade-in value of the asset.

There is no single best option for everyone. The ideal repayment frequency usually depends on how you are paid and how you prefer to manage your cash flow.

Some borrowers prefer weekly or fortnightly repayments because these line up with their wage cycle, while others choose monthly repayments for simplicity.

Using the frequency toggle lets you compare each option and see which repayment pattern feels more manageable.

Yes. The calculator can be used as a guide across a range of asset finance scenarios, including vehicles, marine purchases, caravans, motorcycles and equipment.

Different asset classes can attract different lender criteria, pricing and loan structures, so the estimate is best used as a starting point rather than a final loan outcome.

No. Using the calculator is simply an on-page estimate tool and does not involve a credit enquiry.

It allows you to explore repayment scenarios without affecting your file. A formal application is a separate step.

The best way to view a more personalised rate is to compare lender options based on your own circumstances rather than relying only on a general estimate.

Once your details are assessed, you can get a clearer picture of likely pricing, repayments and loan structures that may suit your situation.

When you extend the loan term, the borrowed amount is spread over a longer period, which usually reduces the size of each repayment.

When you shorten the term, the same balance is repaid faster, so each repayment is generally higher. This is why changing the term is one of the quickest ways to see the balance between affordability now and total cost over time.

If you plan to contribute a deposit, savings or trade-in, it can be helpful to subtract that from the total purchase price before entering the borrowing amount.

This gives you a more realistic estimate of the amount you may actually need to finance and can show how reducing the loan size may improve repayment affordability.