How to Calculate Your Chattel Mortgage Repayments

Estimate your repayments and cost over the life of your chattel mortgage by following these simple steps in our loan repayment calculator.

If you need help, contact our team of expert car loan brokers today!

1. Enter Chattel Mortgage Details

These are the main variables in your business loan so you can estimate your repayment amount. Enter your desired loan size, interest rate, payment frequency, and how long to pay off your loan. The shorter the term, the higher your repayments. 

2. Optional Features

If the repayment amount is too high for your budget, but you need to retain the larger loan size then you can consider a balloon payment. This splits out a portion of the loan to be repaid in a lump sum in the final repayment. Learn more about balloon payments here.

3. Review Payment Summary

The summary tab will show your estimated loan repayments, calculate how much interest you will pay over the life of the loan, and the combined sum of the principal and interest to be paid. This can help for cash flow planning and tax purposes. 

4. View Repayment Schedule

Are you a more visual person? Click to view your repayment chart which will show the principal and interest over time as you repay your loan. Or, check out the full amortisation table for a payment by payment summary on your chattel mortgage. 

The Experts in Auto Finance

Our brokers will provide expert guidance to find the most suitable car loan for your circumstances. 

How does it work?

The Gusto Way

Fast track your used car loan application and compare the best rates on the market. Our expert auto finance brokers will find the right deal for you today! 

Free Quote

Our expert car loan brokers will assess your business structure and match you with a suitable commercial lender.

Application

Thorough completion of your loan application to ensure a speedy assessment and fast approval.

Approval

Some commercial loan categories can be approved in minutes! You could be funded the same day and ready to get back to business!

On Your Way

We’ll manage the settlement to ensure a hassle-free process and fast resolution.