Taking a Car Loan is a big decision so it's important to calculate what your payment will be and how much you can afford.
This calculator works out the monthly payment based on the loan amount, tenor of the loan and the interest rate.
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.