Loan Calculator

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Estimate your car finance repayments

I would like to borrow Min.$2,000Minimum value is $2,000
over
5 years

at Max rate: 16% interest rate
with
weekly
payments
with a residual of which is

residual/balloon

Disclaimer: While we make every attempt to give you the best possible tools and information, Veracity Financial, its agents, employees and accredited lenders will accept no responsibility for any loss that may arise.

Related useful information

How does a car loan work?

A car loan allows you to borrow money, lent to you by a finance company to purchase a vehicle for your personal use. In return for the loan, you’ll pay interest to your lender and when the final repayment has been made you will become the outright owner of the vehicle.
What are the benefits of a car loan?

A car loan will enable you to borrow up to 100% of vehicle’s purchase price, meaning that you can spend your hard-earned cash on more important things. It’s also a great means of establishing a positive credit rating and can also be used as a tax deduction depending on your specific situation.

Common questions about our car loan calculator

A car loan (also referred to as a secured car loan) involves a finance company lending you the money to purchase a vehicle for personal use. The loan is secured against the vehicle and, when the final repayment has been made, you will own the vehicle outright.

Benefits and product features of a car loan include flexible loan repayment periods, the ability to set a balloon or residual payment which will reduce your monthly repayments and lower interest rates versus a personal loan thanks to it being secured against the vehicle itself. As a business, a car loan may help you improve cash flow to your business as well as the potential to claim tax deductions if the car is being used for business purposes (check with your accountant for eligibility).

A comparison rate is an interest rate that lenders are required by law to display next to any advertised interest rate. A comparison rate calculates the loan interest rate and fees you may have to pay, including application fees and ongoing loan fees. This allows you to find out the true cost of the loan. We have a comparison rate calculator you can use to help you compare apples with apples.

Let us help you with your car loan search

On the hunt for a new car? We’ll help to get the wheels turning faster with access to the best low rate, flexible car loans and speedy turnaround times. We compare the latest offerings from Australia’s leading lenders to obtain the best rates for our customers.

WHY CHOOSE US

Fast Loan Approval

We understand that your time is important, which is why once you’ve completed our quick and easy loan application we’ll work hard to get you approved as fast as the very same day.

Dedicated Local Team

Our expert team has over 30 years of experience and are dedicated to finding the best loan for you. You’ll also enjoy our first class personalized level of support, enabling you to feel confident that you are in safe, professional hands.

Loans Completely Tailored to Your Needs

We have access to a wide range of loan products from many different lenders and we are familiar with varying policies and criteria, meaning that we’re able to present you with a number of options that are the right fit for your needs.

June has been such a great help getting me my dream bike. They are there with you every step of the way and stay in contact with you after your purchase I could not think of a better financial company to deal with
Warren Petschauer
Warren Petschauer
14:34 21 Jun 22
Sakshi assisted us with getting finance for a new hybrid camper trailer. She was efficient and helpful right through until after settlement. We had a gap in time between our funding being approved and delivery. When interest rates increased and our original approved financier wouldn't honour the original rate approved, she went above and beyond to seek new finance at a better rate the week of delivery. The whole team at Veracity Financial were helpful and easy to deal with and we couldn't recommend them more highly.
Lisa Baker
Lisa Baker
04:20 13 Jun 22
Really happy with the level of Service I received. The team went above and beyond for me with a quick turn over for my approval! Michael has been very efficient and professional. If you are looking for good custom care I recommend.
Brooke Stewart
Brooke Stewart
02:50 11 May 22
Highly recommend Veracity Financial when looking to get a loan for your next vehicle. Not only are they very responsive in replying back to you via emails and phone calls, but are also very efficient, explain any questions you may have, and make the process of getting a loan stress free. I can't thank Sakshi and her team enough as they were fantastic and did a flawless job. Well done 🙂
Corey Jackson
Corey Jackson
05:20 08 May 22
June and Michael were amazing, I had to leave a review as they both worked so efficiently to get my loan approved after my car died. I highly recommend!
Ashleigh Fulton
Ashleigh Fulton
12:41 06 May 22
June Yan was patient and caring to get thing right for me. She gave good advice and got the job done. I highly recommend June as I had aver good experience. Good luck and keep up the good work June.
Paul Trovarelli
Paul Trovarelli
00:02 12 Apr 22
I highly recommend June and her team. She has been fantastic throughout the whole process and settled everything very quickly and smoothly. She’s definitely helpful and makes things very easy for you. I definitely would use her service and the team again in the future.
Norhilmie A Ghani
Norhilmie A Ghani
23:37 11 Apr 22
Me and my brother wanted to get a new car for ourselves. Got confused about those different loan types.June helped me got through.Very friendly and professional service, much appreciated!
alex的学习频道
alex的学习频道
05:29 08 Apr 22
The team at Veracity are fantastic, a big thank you to Duncan and June, very helpful and friendly. They kept me updated every step of the way. Excellent and first class service..I honestly and truly recommend Veracity.
Asango Okoth
Asango Okoth
04:34 22 Mar 22
Great quick service from Veracity. They brokered the loan within a few days and it was all done online making it very easy. My questions were all answered promptly and all documentation was clear. Highly recommend and I would use them again.
Kylie Fox
Kylie Fox
07:05 08 Mar 22
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Warren Petschauer
Warren Petschauer
14:34 21 Jun 22
June has been such a great help getting me my dream bike. They are there with you every step of the way and stay in contact with you after your purchase I could not think of a better financial company to deal with
Lisa Baker
Lisa Baker
04:20 13 Jun 22
Sakshi assisted us with getting finance for a new hybrid camper trailer. She was efficient and helpful right through until after settlement. We had a gap in time between our funding being approved and delivery. When interest rates increased and our original approved financier wouldn't honour the original rate approved, she went above and beyond to seek new finance at a better rate the week of delivery. The whole team at Veracity Financial were helpful and easy to deal with and we couldn't recommend them more highly.
Brooke Stewart
Brooke Stewart
02:50 11 May 22
Really happy with the level of Service I received. The team went above and beyond for me with a quick turn over for my approval! Michael has been very efficient and professional. If you are looking for good custom care I recommend.
Corey Jackson
Corey Jackson
05:20 08 May 22
Highly recommend Veracity Financial when looking to get a loan for your next vehicle. Not only are they very responsive in replying back to you via emails and phone calls, but are also very efficient, explain any questions you may have, and make the process of getting a loan stress free. I can't thank Sakshi and her team enough as they were fantastic and did a flawless job. Well done :)
Ashleigh Fulton
Ashleigh Fulton
12:41 06 May 22
June and Michael were amazing, I had to leave a review as they both worked so efficiently to get my loan approved after my car died. I highly recommend!
Paul Trovarelli
Paul Trovarelli
00:02 12 Apr 22
June Yan was patient and caring to get thing right for me. She gave good advice and got the job done. I highly recommend June as I had aver good experience. Good luck and keep up the good work June.
Norhilmie A Ghani
Norhilmie A Ghani
23:37 11 Apr 22
I highly recommend June and her team. She has been fantastic throughout the whole process and settled everything very quickly and smoothly. She’s definitely helpful and makes things very easy for you. I definitely would use her service and the team again in the future.
alex的学习频道
alex的学习频道
05:29 08 Apr 22
Me and my brother wanted to get a new car for ourselves. Got confused about those different loan types.June helped me got through.Very friendly and professional service, much appreciated!
Asango Okoth
Asango Okoth
04:34 22 Mar 22
The team at Veracity are fantastic, a big thank you to Duncan and June, very helpful and friendly. They kept me updated every step of the way. Excellent and first class service..I honestly and truly recommend Veracity.
Kylie Fox
Kylie Fox
07:05 08 Mar 22
Great quick service from Veracity. They brokered the loan within a few days and it was all done online making it very easy. My questions were all answered promptly and all documentation was clear. Highly recommend and I would use them again.
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