Calculators
Car Loan Calculator
Enter your desired loan amount, an estimated annual interest rate, loan term (in months) and if you want to have a balloon/residual payment at the end of your loan term.
A balloon reduces your monthly repayments however you have a lump sum payable at the end of your loan term. Compare a 7 year loan term with no balloon as an option. Balloon payments are not available on a 7 year loan term.
General Balloon Options:
3 year/36 month term - 50%
4 year/48 month term - 40%
5 year/60 month term - 30%
Each lender can offer different values to these so just let your consultant know if you have a preferred balloon and term.
Personal Loan Calculator
Unsecured personal loans can be used for debt consolidation, holidays, medical procedures, home renovations to name a few and most lenders will allow a 7 year maximum term to help reduce your monthly expenses.