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Equipment Loan Calculator for Quick, Easy Estimates & Comparisons

An Equipment Loan Calculator is an invaluable tool in the decision-making process for acquiring assets. Investments in new plant, machinery, and systems can be major moves that require extensive planning, budgeting, and comparisons of available options. This tool allows for quick calculations of estimated repayments for all finance products related to various assets, helping to plan the structure of the finance. It is quick, simple, and free to use, and can be followed up with a call for a confirmed quote.

Business Finance Equipment Loan Calculator for Quick, Easy Estimates & Comparisons
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Compare Rates and Options with Our Dynamic Loan Calculator
Compare Rates and Options with Our Equipment Loan Calculator

Interest rates vary across the selection of asset finance products. Comparing rates and repayments on all options is made easy with this device. The chart displays the current rates we can achieve as a result of our connections with more than 80+ lenders in the commercial lending sector. Enter the values of the purchase and the preferred term to achieve a repayment estimate across all options instantly. Compare the variations with the different options.

Loan Amount Loan Term
Loan Product Interest Rate Monthly Repayment
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${{Payment Amount}}
Monthly

Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

30 September

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 30/09/2023 and subject to change. Warning: the interest rate is only true 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.

30 September

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 30/09/2023 and subject to change. Warning: the interest rate is only true 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.

Your Guide to Accurate Financial Planning
What is an Equipment Loan Calculator?

A finance calculation device is an online resource made available by those offering commercial funding to the business sector. Our device is an online tool which is made available for free to anyone looking to compare funding options, makes and models, plan and budget or simply get a rough idea if a certain piece of machinery is affordable for a particular operation.

The key aspect of using an online calculation to be mindful of, is that the results are estimates only. This is a generic device and while extremely helpful, is not programmed with functionality to assess user credit profiles. Any quote offered once an application is submitted, may vary from the results achieved with this device. No allowance is made for lender fees and charges. Please read the disclaimer.

  • Simple to use, no special skills required.
  • Fast results – only seconds to receive estimates.
  • Free to utilise with no obligation attached, no registration required.
  • Online connectivity, can be used wherever and whenever connection is accessible.
  • Use from mobile devices, laptops and and desktops.
  • Compare repayments on different finance products.
  • Compare makes and models for purchase decisions.

Finance Calculator

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  • No impact on credit score
  • Fast turnaround
In order to provide the best experience, your details are saved on our secure server as you enter them.

Essential Tips for Accurate and Efficient Financing
How to Use a Calculator for Equipment Loans Correctly

The effectiveness of a finance calculation device can be optimised with correct use. This is a simple version which calculates repayments based purely on loan amount, term and rate. Use our more advanced version with allowance for balloon/residual, for structuring finance options.

Follow these simple steps to ensure you maximise the benefits of using our device.

  • Interest rates differ with different finance products. Ensure you input the right rate for the right finance product.
  • Enter the amount required for the finance. This may be the full purchase price if no deposit finance is preferred. For some machinery and systems, delivery, installation and commissioning costs may be included in the finance. Allow additional amounts if this is required.
  • Enter the term in years. This can be the preference.
  • The end column automatically displays repayment estimates based on the values entered.
  • Vary any of the values to see the different repayments.
  • Change the interest rate to compare Leasing, Chattel Mortgage, Rent to Own, CHP, Overdrafts and our other finance options.
  • Call us for a confirmed quote for your specific requirements.

Empower Your Financial Planning
How to Structure, Plan and Budget with Equipment Loan Calculator

This device has added functionality – an allowance for a balloon/residual, to allow for planning the structure of finance prior to applying.

Enter the values of your specific acquisition – loan amount, interest rate for the preferred finance product, preferred term and balloon or residual amount.

The device will automatically display the repayment estimates – fast, simple and invaluable.

  • Decisions re finance product options.
  • Plan asset acquisitions.
  • Prepare finance structure preferences.
  • Input for preparation of asset acquisition budgets.
  • Data for preparing ROI forecasts.
  • Use for preparing Board and Management Reports for acquisition approvals.
  • Preparation of proposals for investments.
  • Make decisions around making deposits or no deposit finance.
Tailored Solutions for Equipment Financing Experts

Explore Finance Options
Get Comparisons on Finance Options with Loan Calculator

Interest rates, accounting measures, tax deductions and other features vary across the selection of finance products for machinery acquisitions. The calculator allows business owners to easily compare the estimates for their specific purchase for all options.

  • Compare Equipment Leasing
  • Compare Chattel Mortgage Repayments
  • Compare Commercial Hire Purchase Instalments
  • Compare Rent-to-Own Monthly Payments

Discover the Versatility of Commercial Loan Calculator
Types of Businesses that Can Benefit from Equipment Loan Calculator

This buying and finance planning tool is available for all types of ventures, in all industries, and for all kinds of plant, machinery, and other asset acquisitions.

Comparisons on Finance Options with Loan Calculator

Machinery Loan Estimate Calculations
How to Calculate Machinery Loan Estimates at Field Days and Auctions

When attending a field day, industry expo or auction, access to the device can be extremely useful. Have available on your phone to calculate quick finance estimates while inspecting machinery and discussing price with dealers. Doing quick calculations during the auction to make bidding decisions. Being mindful that rates can be different from those displayed for used goods.

Calculate Solutions for Many Equipment Types

The calculation device can be utilised for purchases of various assets – plant, machinery, IT, systems, devices, tools and others.

  • All Commercial Equipment, Plant and Machinery
  • All Industries
  • All Price Ranges
  • New and Used Goods

Get Confirmed Quotes for Equipment Loan Calculator Estimates

After using the calculator to work up estimated repayments and make those vital comparisons, if the estimate displayed meets budget expectations, it’s time for a confirmed quote. The results displayed are estimates, but our consultants can quickly source confirmed quotes based specifically on your individual profile and for the equipment being purchased.

We’ll cover off on all the options, answer your queries and source the lowest rates from across our impressive lender base. On approval of our quote, we’ll process the application and assist with settlement.

  • Approvals within 24 hours
  • Lowest rates sourced from 80+ banks and lenders
  • Fast application processing

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FAQs
Equipment Loan Calculator

A calculator only works out estimates. It does not take into account the credit profile of the user. The quote is based on an assessment of the credit profile and can be different from the results shown. The device is only for deriving rough estimates.

No. Lenders provide online calculation devices for use by visitors to their websites. Using the device should come with no obligation to proceed with a request for a quote, an application or any contact with the provider.

No. An online calculation device is only for deriving rough estimates it is not a finance application form. To apply for finance, operators must complete the business credit application form as provided by a bank or lender.

Estimates for all types of business finance can be obtained using an online calculation device. The interest rates differ for different products. Users should ensure they enter the appropriate interest rate.

Yes. Estimates for finance on new and used models can be obtained with an online calculation device. Users should be mindful that interest rates can differ for new and used goods. Rates displayed by lenders will be for new goods, unless otherwise indicated.

Interest rates are different for Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent to Own. Users should enter the interest rate applicable to the finance product they are interested in.

Yes. All types of business structures, set-ups and sizes can use an online finance calculation device to obtain estimates and compare options.

Estimates for finance on the purchase of all types of machinery can be obtained using an online finance calculator. Users should be mindful that interest rates can vary with industries and with different types of machinery.

Users can use an online finance calculation device as many times as they wish. Multiple estimates can be obtained using varying combinations of data input. There is no time-out on these devices.

Most providers of online finance calculation devices do not charge a fee for use. The devices are provided as a free tool to assist user compare and plan their finance.

The finance term is the number of years or months the finance will be taken over. Users can input their preferred option. Many lenders will offer asset finance over up to 7 years and some for as low as 1 year. The term is subject to lender approval.

An online finance calculation device works out rough estimates of repayments based purely on the values entered by the user. The result is a simple mathematical function and does not allow for individual aspects of the user, lender fees and charges and other aspects of a finance application.

To compare different finance products in an online calculation device, enter the interest rate applicable to the product. To compare Leasing and Chattel Mortgage, carry out the calculations separately. Enter the values and interest rate for Leasing and make a note of the result. Enter the same values with the Chattel Mortgage rate and note the result.

No. The results obtained using an online calculation device are erased when new values are entered, the browser is closed or refreshed. The devices do not generally include a memory. Users should not the results for future reference.

Yes. Online finance calculation devices can be accessed by any device with an online connection. The calculation device can be accessed via the provider’s website or app.