Affordability calculator

Calculate the amount you can borrow with a car loan and your weekly repayments

Access 30+ of Australia's leading fast car finance lenders

We understand all the potential stresses that come with applying for a new car loan, which is why our tool gives you access to 30+  lenders with some of the most competitive rates in the Australian market.

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Frequently asked questions

What are the interest rates for a car loan?

Interest rates for a car loan vary depending on many factors, including if the car is for business or personal use, income and credit score. Use CarClarity’s loan calculator to quickly estimate your personalised loan repayments in 60 seconds.

Can I get a car loan online?

Yes! With CarClarity getting a car loan is now 100% online. Simply fill out one application and get matched to 30+ lenders. We do all the checks and negotiate the best price for you. Learn more about how it works.

Do I need a deposit for a car loan?

While deposits are not mandatory to get a car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.

What is a balloon payment?

A balloon payment is a lump sum paid at the end of the loan after your regular repayments have been made. A balloon payment reduces your regular payment amounts in exchange for owing the lender a lump sum at the end of the loan.

Have more questions? Check our FAQ page or talk with our experts.

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Get free expert advice on financing your next vehicle

Our experts will help you figure out the cheapest new car loans available for your financial situation.

Things you should know

CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50606 243 243 / ACN 606 243 243 and Australian Credit License 478 874.
CarClarity provides you access to our expert team who can assist in selecting suitable car loans from our panel of 30+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply.Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity may receive a commission from lenders we recommend.