Other costs to consider
There may be other costs you need to consider when taking out a car loan. For example, you may need to consider your lifestyle expenses and activities and how able you are to modify this if your circumstances happen to change during the period of the loan.
Things you need to know
These calculations are intended as a general guide only. These calculations do not constitute an offer of credit or a quote and are only an estimate of what you may be able to borrow based on the accuracy of the information provided. These calculations do not take into account any product features or applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Early repayment costs may apply if you repay the loan early during a fixed interest rate period.
All interest rates referred to in the calculators are current, as indicated on https://www.heritage.com.au/Interest-Rates/Personal-Loans. The interest rates represented on this page are Heritage's standard interest rates and exclude any package or promotional discounts and are subject to change. When assessing ability to service a loan, Heritage may use an interest rate that is higher than the current interest rate for the loan requested. The output of each calculator, is subject to the assumptions provided under each calculator and are subject to change.
The comparison rate is based on a $30,000 loan over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Terms and conditions apply to all Heritage car loan products. The full details of your loan will be provided to you in your loan contract. Repayment amounts are subject to change. To find out more about your repayments you should speak to us. Visit your nearest branch or phone the Contact Centre on 13 14 22.
The Loan Repayments Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate.
1. Length of months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependant on the number of days in the particular month.
2. One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366 days.
3. In practice, repayments are rounded to at least the nearer cent.
^ The comparison rate is based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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