Car Loan Payments are a significant proportion of your monthly expense and it is important to look for opportunities to reduce this monthly payment.
This calculator helps you to work out the interest rate that your Bank is charging so you can search for cheaper alternatives.
Prior to making any change to your personal finances, please read the disclaimer
Notes on this calculator
- This calculator assumes a fixed interest rate.
- There are additional payments such as motor insurance & registration that you may have to pay in addition to the monthly payments every year.
- All months are assumed to have the same number of days for the purpose of this calculator.