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Car finance calculator

Calculate personal loan repayments for a car

Use our car finance calculator to estimate the monthly repayments on a personal loan for your next car purchase.  Simply enter the amount you want to borrow, preferred loan length and your credit score and our car finance repayment calculator will do the rest.

Why choose an ANZ Personal Loan for your car finance?

Your loan, your way

Choose from a fixed or variable rate loan for a term of 1 to 7 years.

Personalised rate

The better your credit score, the better your interest rate.disclaimer

Borrow up to $75,000

Without having to provide an asset, such as your car, as security.

Same-day cash

For in-branch applications approved by midday, Monday to Friday.disclaimer

Worked out your personal loan repayments? What's next?

Explore ANZ car finance options

ANZ Fixed Rate Personal Loan

  • Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate

Things to consider

  • Early repayment charges may apply if you make early or extra repayments, repay your loan early or increase your loan amountdisclaimer
  • No access to extra money paid (redraw)

ANZ Variable Rate Personal Loan

  • Ability to make early or extra repayments, or repay your loan early, without additional costs
  • Flexibility to increase your loan (subject to credit assessment)
  • Access to extra money paid (redraw)disclaimer

Things to consider

  • Your interest rate and repayments may increase or decrease during the term

Check you're eligible for a personal loan with us

To be eligible for an ANZ personal loan as your car finance choice, you must:

  • be 18 years of age or older
  • be an Australian citizen, permanent resident or have a valid visa
  • earn a minimum of $15,000 per year ($50,000 for visa holders)
  • be a sole or joint applicant. Joint applicants can apply at any ANZ Branch.

Get ready to apply for an ANZ Personal Loan for a car

Here’s what you’ll need to apply for a personal loan with us:

  • details of your income, expenses, assets and liabilities
  • your driver's licence, ANZ Account Number or Customer Registration Number (if you have them).

If you're new to ANZ, you'll need any two of your Australian driver's licence, Medicare card, Australian passport, or Australian visa.

What's the difference between a car loan and a personal loan?

When it comes to financing your car purchase, you may wonder whether to choose a personal loan or a dedicated car loan. Both come with their advantages and disadvantages, and the right choice will depend on your financial situation and preferences.

Car loan

  • A car loan can only be used for the purchase of a vehicle.
  • A car loan is often secured by the vehicle itself, which means your car could be repossessed if you’re unable to keep up with repayments.
  • Secured loans can sometimes offer a more favourable interest rate. Before making a decision, check what rate might apply to you.

Personal loan

  • A personal loan can be used for a range of purposes, not just buying a car.
  • A personal loan is typically unsecured, so your car isn’t at risk of repossession if you can’t make your repayments.
  • Personal loans can cover a range of expenses beyond the car, such as luxury upgrades. 
  • Have more than one item on your list? You can bundle purposes together so that one loan might cover both your car purchase and, for example, some home renovations.

 

Got another vehicle in mind?

More than a car loan, our personal loans can be used for just about anything that moves.

Click on the vehicle purpose that best suits your needs to get some useful tips and help applying. 

Your car finance questions answered

A comparison rate helps you work out the true cost of a loan. This rate takes other fees and charges into account, like a loan approval fee and loan administration charge in addition to the interest rate. It’s meant to be a fairer way of comparing how much a loan will cost you.

For more information, visit Moneysmart.

The longer the loan term, the lower your regular repayments will be. However, a longer term may result in paying more interest over time, while a shorter term typically means higher repayments but less interest in the long run. Whatever you choose, our car finance repayment calculator will give you an estimate of what you may need to repay each month. 

If you’re exploring car finance options with ANZ, this repayment calculator can help you understand what your repayments might be if you take out an ANZ Personal Loan. Using the calculator allows you to see how your borrowing amount, loan length and credit score can increase or decrease your monthly minimum repayments. 

Get in touch

General personal loan enquiries

Available Monday to Friday 8am to 8pm (AEST)

Call 1800 339 410

Visit a branch

Locate an ANZ branch near you

Book an appointment Locate an ANZ Branch

Any information provided is general in nature and does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you. ANZ recommends you read the applicable Terms and Conditions booklets and the ANZ Financial Services Guide (PDF) before deciding whether to acquire, or continue to hold, a particular product.

All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence 234527.

The interest rate shown using this calculator is an estimate of what your personalised interest rate could be based on the credit score and loan details you have provided. It is for illustrative purposes only and is based on the accuracy of the information entered, and your actual interest rate may vary when you complete an application and are approved. The estimate does not constitute a quote, loan approval, agreement or advice by ANZ and should not be taken as a guarantee that you will receive this interest rate. Your interest rate will be confirmed in your letter of offer (if approved).

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For the purposes of this calculator, the interest rate estimate is based on the current interest rate range applicable to ANZ Fixed and Variable Rate Personal Loans of  to  (comparison rate  to ). Rates as at  and are subject to change and may impact the estimate provided.

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The repayment amount shown using this calculator is an estimate based on the loan amount and loan term selected, and the credit score you have provided. The estimate is provided for illustrative purposes only and actual repayment amounts may vary when you complete an application and are approved. This calculation does not constitute a quote, loan approval, agreement or advice by ANZ. It does not take into account your personal or financial circumstances. To apply for an ANZ Personal Loan you must complete an application. For an ANZ Fixed or Variable Rate Personal Loan, the repayment amount shown on this calculator includes the Loan Approval Fee of $150, interest and monthly Loan Administration Charge of $10  .

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There are various credit reporting agencies that can hold different information and you may have a credit report with more than one agency. However, ANZ uses the credit score provided by Equifax to determine the applicable interest rate, and therefore recommends that you access your credit report or credit score from Equifax or getcreditscore.com.au (who retrieve the credit score directly from Equifax) for a more accurate estimate.

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We tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many applications in a short period of time, this may negatively impact your credit score and you may be offered a rate at the higher end of the range.

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Applications must be submitted at an ANZ branch, and approved before noon Monday to Friday (AEST), and customers must have approved funds deposited into an existing ANZ everyday account. For a full list of eligible ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 6pm (AEST) weekdays.

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Fixed rate personal loans aren’t for everyone and early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF).

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Terms and Conditions and eligibility criteria apply to ANZ Redraw. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).

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