Chattel Mortgage Calculator

Use this calculator to get an estimate of what your loan repayments will look like based on the amount you borrow, the term, the interest rate, and any balloon payment.

Simply enter your loan details and you’ll instantly see:

• Your monthly repayment amount

• Your weekly repayment (for easy budgeting)

• The total you’ll repay over the life of the loan

This tool is perfect if you’re comparing loan options or just want to plan ahead.

How to use this chattel mortgage calculator

Enter the price of the asset as the loan amount, choose a term, add an interest rate, and set a balloon if you want lower regular repayments. Pick Trucks, Equipment or Vehicles to start from typical figures. The calculator shows your monthly and weekly repayment, the total interest, and the total cost including the balloon.

How a balloon payment works

A balloon is a lump sum paid at the end of the term. It lowers each repayment but increases the total interest, because more of the loan stays outstanding for longer. Make sure you can pay or refinance the balloon when it falls due.

GST and tax on a chattel mortgage

With a chattel mortgage, your business owns the asset from day one. If you are registered for GST, you can usually claim the GST on the purchase price in your next BAS, and the interest and depreciation may be tax deductible. Check how this applies to you with your accountant.

Ready to compare real offers? See equipment finance or truck finance, check the real rate behind a quote with our interest rate calculator, or apply now.