🧮 Australia Auto Loan Calculator - Calculate Monthly EMI

Use our comprehensive Australia Auto Loan Calculator to estimate your monthly car loan payments, total interest, and compare different financing options available in Australia.

Range: $5,000 - $150,000
Current rates: 5.09% - 15%+

🔥 Why Use Our Australia Auto Loan Calculator?

Our Australia Auto Loan Calculator helps you make informed decisions about vehicle financing by providing accurate EMI calculations, comparison of different loan types, and insights into Australian car loan markets. Get instant results with current 2025 interest rates!

📊 Current Australia Car Loan Rates (September 2025)

Loan Type Interest Rate Comparison Rate
Green Car Loans (EV/Hybrid) 5.09% - 6.99% 5.78% - 7.41%
New Car Secured Loans 5.49% - 8.99% 5.90% - 9.50%
Used Car Secured Loans 6.99% - 12.99% 7.50% - 13.50%
Unsecured Personal Loans 8.99% - 15.99% 9.50% - 16.50%

Rates updated September 2025. Actual rates may vary based on credit score and lender assessment.

🚙 Types of Auto Loans in Australia

Secured Car Loans

Lower interest rates as the vehicle serves as collateral. Best for new and used cars under 7 years old.

Unsecured Personal Loans

No collateral required but higher interest rates. Suitable for older vehicles or when you prefer not to use car as security.

Green Car Loans

Special rates for electric and hybrid vehicles. Rates from 5.09% for eligible EVs and PHEVs.

Novated Lease

Salary sacrifice option through employer. Can include running costs and offer tax benefits.

🏦 Top Australia Car Loan Providers 2025

CommBank Car Loans

Green car loans from 5.29% p.a. Up to $120,000 for 1-7 years. Special rates for EVs and hybrids.

Westpac Car Loans

Electric car loans from 5.99% p.a. Comprehensive insurance required. Pre-approval available.

NAB Car Loans

Secured loans from 6.49% p.a. Partnership with Plenti for faster approvals. Zero exit fees.

Credit Unions

Competitive rates from 5.79% p.a. Often better customer service and lower fees than major banks.

💡 Australia Auto Loan Calculator Tips: Use our calculator to compare different loan amounts, terms, and interest rates. Consider balloon payments to reduce monthly payments, but remember you'll need to pay or refinance the balloon amount at the end.

🔧 Australia Auto Loan Calculator Features

  • ✅ Calculate monthly EMI for any loan amount
  • ✅ Compare secured vs unsecured loan options
  • ✅ Balloon payment calculations
  • ✅ Multiple payment frequencies (weekly, fortnightly, monthly)
  • ✅ Current 2025 Australian interest rates
  • ✅ Total interest and loan cost breakdown
  • ✅ Green car loan calculations for EVs and hybrids
  • ✅ Novated lease comparison options

❓ Australia Auto Loan Calculator FAQ

What is the average car loan interest rate in Australia?
As of September 2025, secured car loan rates range from 5.09% to 12.99% p.a., with green car loans offering the lowest rates. The exact rate depends on your credit score, loan amount, and vehicle type.
How does the Australia Auto Loan Calculator work?
Our calculator uses the standard EMI formula: EMI = P × R × (1+R)^N / [(1+R)^N-1], where P is principal, R is monthly interest rate, and N is number of months. It also factors in balloon payments and different payment frequencies.
What's the difference between secured and unsecured car loans in Australia?
Secured car loans use the vehicle as collateral, offering lower interest rates (typically 2-4% lower). Unsecured loans don't require collateral but have higher rates. Most Australian lenders offer secured loans for vehicles under 7 years old.
Should I choose a balloon payment option?
Balloon payments reduce monthly EMIs but require a large payment at the end. They're suitable if you plan to trade-in or can refinance the balloon amount. Typical balloon percentages are 20-50% of the loan amount.
What are green car loans in Australia?
Green car loans offer discounted rates for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). Rates start from 5.09% p.a., significantly lower than conventional car loans, as part of Australia's push toward sustainable transport.
How much can I borrow for a car loan in Australia?
Most Australian lenders offer car loans from $5,000 to $150,000. Some lenders may go up to $200,000 for luxury vehicles. The amount depends on your income, credit score, and the vehicle's value.

📈 Smart Car Financing Tips for Australia

  • Compare Rates: Use our Australia Auto Loan Calculator to compare different lenders and loan types
  • Check Credit Score: Better credit scores qualify for lower interest rates
  • Consider Green Loans: EVs and hybrids qualify for special low-rate financing
  • Shorter Terms: Lower total interest cost but higher monthly payments
  • Avoid Dealer Finance: Often more expensive than direct lender financing
  • Pre-approval: Get pre-approved to negotiate better with dealers