Chattel Mortgage Calculator

Planning to buy a new business car, vehicle or essential piece of equipment? Use our chattel mortgage calculator as your starting point for a smart business asset purchase.

Chattel MortgageCalculator

Select loan terms

Vehicle Price

Deposit

Interest Rate

Loan Term

years

Balloon Payment

*Percentage of loan amount paid at end

GST Claimable

*Percentage of GST you can claim back

Loan Summary

Net Loan

Interest

GST

Total Interest: $8,091.08

GST Claimable: $4,545.45

Monthly Payment: $801.52

Total Repaid: $48,091.08

Net Cost After GST Claim: $43,545.62

#	Payment ($)	Interest ($)	Principal ($)	Balance ($)
1	801.52	250.00	551.52	39,448.48
2	801.52	246.55	554.97	38,893.51
3	801.52	243.08	558.44	38,335.07
4	801.52	239.59	561.93	37,773.14
5	801.52	236.08	565.44	37,207.70
6	801.52	232.55	568.97	36,638.73
7	801.52	228.99	572.53	36,066.20
8	801.52	225.41	576.11	35,490.09
9	801.52	221.81	579.71	34,910.38
10	801.52	218.19	583.33	34,327.05
11	801.52	214.54	586.98	33,740.07
12	801.52	210.88	590.64	33,149.43

Year	Total Payments ($)	Total Interest ($)	Total Principal ($)	Remaining Balance ($)
1	9,618.22	2,767.67	6,850.57	33,149.43
2	9,618.22	2,235.87	7,382.37	25,767.06
3	9,618.22	1,662.74	7,955.50	17,811.56
4	9,618.22	1,045.13	8,573.11	9,238.45
5	9,618.22	379.58	9,238.66	0.00

How This Asset Finance Calculator Works

This calculator is designed to give you a reliable estimate of your repayments for your next vehicle or piece of equipment. Enter your desired loan amount and repayment frequency to replace guesswork with clarity for your cash flow management. While lenders determine the final low interest rate and any applicable fee based on your business credit profile, this tool provides the insight and interest calculation you need to plan your budget and negotiate your commercial loan confidently. Our range of calculators can help you understand your financial position.

Tips for Estimating Your Loan and Balloon Payment

Consider a Balloon Option: Adding a final balloon payment or residual payment can help lower your regular monthly repayments on these types of loans.
Factor in All Costs: Remember to account for the total asset price, including any extras like delivery or on road costs, to understand the total amount required for 100% finance.
Adjust the Loan Term: Experiment with different loan terms. We can assist with both short term finance and long term loan options to suit the needs of your next car purchase.

Your In-Depth Guide to the Chattel Mortgage

To make a confident decision for your business, it helps to understand exactly how this type of secured loan works. Here’s a clear breakdown of what a chattel mortgage is, how it can benefit your bottom line, and what you’ll need for a smooth and successful asset acquisition. This is one of the most popular business loans in Australia.

What is a Chattel Mortgage?

A chattel mortgage is a type of secured business loan used to purchase a movable asset. With these loans chattel, your business borrows the funds for the asset purchase, and you get ownership from day one. The lender then takes a 'mortgage' over the asset as security until the commercial loan is fully repaid. This is what allows lenders to offer a competitive interest rate, making it a popular business funding solution and one of the best loans for assets.

What are the Tax & Business Benefits of This Finance?

Because your business owns the asset from the start, a chattel mortgage offers powerful financial advantages and is a tax effective finance option. You can often make a GST claim for the portion on the purchase price on your next Business Activity Statement (BAS) if you are registered for GST. You can also claim the loan interest and the depreciation benefit as tax deductions with the Australian Taxation Office (ATO). This helps preserve working capital and supports business growth funding.

What Can I Use a Chattel Mortgage For?

This type of finance is incredibly flexible and is designed for the movable assets that help your business operate and grow. It is ideal for:

Business Vehicle Loan: Cars, utes, vans, and trucks. This is a popular type of business car loan and we also cover heavy vehicle finance with a range of car loans.
Machinery Finance : Excavators, forklifts, and tractors for construction or agriculture.
Plant and Equipment Loan: Commercial coffee machines, IT hardware, or manufacturing tools.

As an equipment finance alternative, it provides ownership from the start. If it's a movable asset for your business, secured asset funding like this is likely a great fit for your next car or business vehicle.

How Do I Get Approved for a Chattel Mortgage?

Approval is a straightforward process, even for those seeking a bad credit chattel mortgage loan. Lenders assess your application to build a picture of your business's stability and credit history. Key factors for ABN finance include:

ABN & Trading History: Most lenders prefer to see an Australian Business Number (ABN) with at least 6 months of continuous operation.
Consistent Revenue: Lenders will review your income to ensure your cash flow can comfortably support flexible repayments for loans.
A Healthy Credit Profile: A history of responsible credit management is important, though options exist for various credit histories.
The Asset Itself: The age and type of the vehicle or equipment can also influence a lender's decision on the loan and rate.

Our intelligent platform reviews these factors against more than 80 lender policies in seconds. Instead of applying and hoping for the best, we guide you to the lender most likely to approve your specific credit situation, similar to the service a finance broker provides. This process protects your credit file from multiple enquiries.