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Truck Finance Calculator | Loan Repayment Calculator

18 Jan Today's
best rate
Finance Trucks From
2.79 %
Fixed
*The Interest Rate is calculated on a Secured Loan for business use, effective 24/01/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Calculate Truck Loan Repayments

EASY TO USE ONLINE SYSTEM | OPEN 24/7 | INSTANT ANSWERS

Stop dreaming about that new truck and take action on making it happen! Use our online truck finance calculator to get an estimate on repayments for the vehicle of your dreams.

The repayment calculator is a great initiative, which we have installed to meet the needs of our customers and allow you to get a ballpark estimate on a loan at any time, from anywhere you are connected.

From your computer, laptop, tablet or mobile you can quickly and easily calculate the payments and other details of a loan on a range different prices, loan or lease terms, and interest rates.

Using the calculator is private and confidential, no need for long, time-consuming phone calls with the bank, avoiding those intrusive personal questions just to get a rough idea of what you might be up for by taking out a loan for a truck.

Calculate Loan Repayments & Schedule

Your Monthly Repayment:
$


Total Number of Repayments
$
Total Interest Paid
$
Balance Remaining

When using our finance calculator, there are a few things to remember: the loan estimates calculated do not imply an offer, an accurate credit quote or approval of your application. The figure you enter as your loan amount does not include and possible fees and charges which the bank or lender extending you a loan may charge. If you wish to have other expenses such as insurance, on road and delivery costs and any extended warranty included in your finance deal, allow for them when entering the amount to be borrowed.

The calculator is a tool and the figure you receive to be used as a guide or rough estimate only. Your actual repayments may be lower or higher than the estimate.

Interest-only loans are not to be estimated with this calculator. This is only for use in estimating standard loans and leases where the repayment of the amount borrowed can be calculated based on a set interest rate. It formulates the interest over the financial term you enter, by compounding on the monthly basis.

For an accurate truck finance interest rate and a firm repayment figure for your heavy vehicle, you will need to speak with a Jade commercial consultant about your specific requirements in regard to your business and the truck you are purchasing. We do not provide this calculator for customers to use as their only source of financial information. To assist with making your financial decisions, you may wish to consult with a licensed financial adviser.

Vary the interest rate

You can adjust the interest rates from 5% to 17.95% in the calculator and see how the repayments change. If you are unfamiliar with current new and used truck loans rates, our consultants will give you all that information at the discussion stage.

Adjust the term of the loan

Terms of loans can vary from 12 months up to 7 years for some structured truck loans.

Options to add a balloon

May loan products include a residual or balloon payment which is payable at the end of the credit term. This is a percentage of the original loan total and can vary from as little as 10% to say 30-40%. The higher the residual, the lower the monthly repayments but you will pay more interest.

Be mindful that the finance calculator only handles interest rates and residuals. It does not take into account fees and charges associated with loans, as these can vary between lenders.

 

How Do We Get These Interest Rates So Cheap?

Great selection of lenders and many Loan Products at our disposal!

Jade Finance has at its disposal many lenders with loads of loan products that we can source. This gives you some of the best range of lending options in the market.

We operate nationwide with and lucky to have so many experienced loan consultants over many different finance products.

 

Finance Calculator FAQs

Our loan calculator is an essential bit of kit for anyone in the market to buy a new heavy vehicle. You can use it free of charge to calculate repayments on any number of pieces or equipment at anytime from anywhere you have an internet connection. We’ve detailed how it works on our web page but perhaps we overlooked a few areas. So we’ve addressed some additional issues in this section. Hopefully they will answer your questions so you can get calculating. If not, please give us a call so we can assist you personally.

Does the finance calculator allow for credit fees and start up charges?   

The calculator is developed and formatted to calculate rough estimates only. The results you receive when you enter the amount and other details of your loan are only rough ballparks. The calculator doesn’t have the functionality to allow for fees and charges and for any special issues around your individual loan application. So be mindful it is an estimate. A finance quote you may receive may vary from the repayment estimate you calculated on the loan calculator. The calculator is provided as a general loan planning tool and a resource to assist truck buyers convert purchase prices to repayments on numerous trucks they are considering.

What is the balloon?   

The calculator has a field for the balloon. This is a option on some commercial finance products and has different names for different loans. For Chattel Mortgage and CHP it is a balloon, for Leasing it is the residual. This balloon/residual is a percentage of the purchase price of the truck which is due for payment at the end of the loan term after all scheduled repayments are finalised. The balloon/residual is still financed and has interest applied to the repayment amount but you do not pay any principle until the end of the loan and that payment is a bulk payment. This can be refinanced (subject to lender approval), paid out or taken of the trade equity if you decide to sell or trade in on a new truck.

How do I apply for a truck loan?   

To apply for a business loan you will need to provide a minimum of a current ABN and identification. From there, it will depend on your individual business as to what financial information and documents you can provide for your application. The usual docs include financial accounts showing income and expenses, GST and BAS returns, income tax returns and profit/loss statements. If you don’t have all this documentation, there maybe a  No Docs/Low Docs option available. The lender or the broker will require what the details are of the heavy vehicle you wish to purchase or get a pre approval for. You will also be required to give consent for a credit check to be done against you and/or your company (if you are a company pty ltd structure).

Can I get a pre-approved loan for a truck?   

Yes, in most cases lenders or finance brokers can offers pre-approved finance for both new and used truck purchases. But when buying a second hand truck, a pre-approved loan can be particularly helpful. Pre-approved loans are available across the full portfolio of loan products: Chattel Mortgage, Leasing, CHP and Rent to Own for both fully documented loans and for No Docs Low Docs and ABN Truck Loans. You complete the necessary finance application procedures, providing the documentation that you have and your consultant proceeds with the normal loan application process. Providing an indication of the type, age and condition of the truck you are considering is also preferred..

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