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Looking for a Car Loan Calculator?

Looking for a Car Loan Calculator?

If you’ve been searching the web for a reliable car loan calculator, let Pocket Cash lend a hand. A car loan calculator can help you estimate your monthly repayments on a car loan based on the amount you’d like to borrow and your desired repayment term. If you want to know more, we’ll also cover other important details involved in applying for car loans below. This will include everything from eligibility requirements to how to apply. Keep reading for more! 

What is a car loan calculator?

First things first, if you’re wondering what a car loan calculator actually is then let us explain. A car loan calculator is essentially just a tool that could help you work out the repayments on a possible car loan. A car loan calculator could indicate how much interest is payable on your loan and what period of time you might have to make the repayments. There is a lot to consider when you’re looking to purchase a new or used car. It is a good idea to use a car loan calculator to ensure you remain within your desired budget. 

Where can I find a car loan calculator?

So, now you know what a car loan calculator is let’s talk about where you can find one. There are a number of different places both on and off the internet that you can find a car loan calculator. If you have decided to employ a traditional form of borrowing, your individual bank could offer car loan calculator services. If you’re looking to borrow online there is a good chance your lender will calculate car loan repayments for you. At Pocket Cash, we recommend getting a good idea of what your repayments will look like before signing an agreement. There are a number of different online resources that could help you make car loan repayment calculations.

Car loans – what should I consider?

Wondering what you should consider when you’re on the hunt for a car loan? At Pocket Cash, we understand it can be confusing. Check out the following for a few important things to keep in mind.


The most important thing to consider when searching for an appropriate car loan is the amount you are willing to spend. It is essential to have a budget in place before you start looking. It’s easy to get swept up in the heat of the moment and end up spending more than you can afford. At Pocket Cash, we encourage borrowers to use a car loan calculator to assess how much their repayments could be before signing an agreement.

Fixed vs. variable rates 

Keep in mind that there are a few different options when it comes to interest rates on your car loan. Not sure what the difference is between fixed and variable interest rates? Let us explain. A fixed interest rate simply means the rate of interest you pay throughout the duration of your loan will not change. So, whatever the interest rate sits at when you sign your agreement will be constant across the life of your car loan. 

On the other hand, opting for a variable interest rate means your rate of interest on your car loan could fluctuate. If interest rates go up your repayments could be more expensive, however, if interest rates go down your repayments could be cheaper. Remember to consult your budget before making a decision regarding the interest rate on your car loan. 

Secured vs. unsecured 

Not sure what we mean by secured or unsecured car loan? Don’t worry, it’s not as complicated as it sounds. A secured car loan means your lender will ask you to attach collateral to your loan as a form of insurance. Collateral could be anything of value that covers the costs of your loan such as a car motorbike or boat.

Why do you need to attach collateral? Well, secured loans are usually for larger amounts of cash and are, therefore, a bigger risk to the lender. If you fail to repay your loan your lender could have the right to take ownership of your collateral. 

In comparison, an unsecured loan is usually for a smaller amount of cash and, therefore, does not need to be secured with collateral. Which one is right for you? It is important to remember that everyone’s individual financial situation is different. Make sure you consider how much you need to borrow and whether or not you will be able to make the repayments before signing an agreement. At Pocket Cash, we encourage borrowers who are unsure to seek professional financial advice.

Pocket Cash: who are we?

Pocket Cash is an Aussie lender finder making it easier for you to get the cash you need without the hassle. What is a lender finder? Essentially, when you submit an application to our team we’ll do all the hard work for you. Pocket Cash will show your application to a variety of different lenders and get back to you with the results. If we’ve been able to match you with a compatible lender we’ll put you in touch immediately. Think of us as the middle-man between you and your perfect car loan. 

It is important to remember, however, that Pocket Cash is a lender finder. We do not supply the cash and, therefore, can not provide borrowers with a car loan calculator. If you’d like to know the exact repayments on a potential car loan we encourage you to get in touch with your individual lender.

Who can apply?

So, now you know a little more about who we are, are you wondering who can apply? You’ll be pleased to know that there are just a few simple eligibility requirements you’ll have to meet. All applicants must:

  • Be over 18 years old;
  • Be an Australian citizen or permanent resident;
  • Have a driver’s licence;
  • Be receiving a regular work income into a personal bank account for the last 3-months;
  • Have internet banking setup;
  • Have an active mobile number and email address.

If you can say ‘yes’ to the criteria above then you could get started on an application right now. It’s that simple! 

What documents do I need to supply?

At Pocket Cash, we don’t believe in pages and pages of paper forms. Our entire application process can take you 5 minutes to complete. Any required documents can be submitted 100% online. If you’d like to breeze through the application form we suggest you have these things handy:

  • Online banking details; 
  • An active email address and mobile number;
  • The reason you are applying for the loan; 
  • Your MyGov details (if you are receiving Centrelink payments);
  • Employer and contact details.

Got questions? Feel free to get in touch with the Pocket Cash team during AEST business hours. We’ll do our best to get back to you as soon as possible.

Why do I need to supply online bank details?

Good question! Don’t worry, no one will be looking at your real bank account. You might be asked to supply your online banking details so a potential lender can access read-only copies of your bank statements. Why might my lender need to look at bank statements? Your bank statements provide a potential lender with an insight into your spending habits, income and existing financial commitments. A lender might use this information to assess whether or not you will be able to meet the repayments on a car loan. 

Keep in mind that all reputable Aussies lenders use bank-level encryption to make sure your information is always protected. Pocket Cash encourages borrowers to get in touch with their individual lender for more details on online banking information.

What if I have a bad credit score?

You’re not alone! If your credit history isn’t quite up to scratch don’t lose hope! Pocket Cash shows your car loan application to a variety of different lenders so you get the best chance possible at approval. In some cases, an online lender might prefer to take a more realistic look at your financial situation. Aspects such as your current relationship with money and whether or not you have made an attempt to reconcile bad credit could be important.

The good news is, you can apply with Pocket Cash risk-free. We won’t charge you a cent to review your application. If our team is not able to match you with a compatible lender you won’t be asked to pay anything. So, why not see what Pocket Cash could do for you?

Will my lender do an employment check?

At Pocket Cash, we’re a lender finder. That means we will not conduct an employment check and can not speak on behalf of other lenders. In some cases, however, online lenders will conduct an employment check when you apply for a car loan. There’s no need to stress, this is usually just a routine part of the loan assessment process and is often done when your lender needs to confirm details or request more information.

You can rest easy knowing that reputable Aussie lenders will not disclose any of your personal information whilst chatting with your employer. If you’d like to know more about employment checks we encourage you to get in touch with your individual lender.

100% online 

At Pocket Cash, when we say 100% online we mean 100% online. Your entire experience, from application to lender, is completely online. Pocket Cash has been designed with you in mind. We understand that our customers don’t have time to compare lenders. That’s why we do it for you. Gone are the days of scrolling through pages and pages of search results. When you apply with Pocket Cash you could have the answer you’re looking for in no time at all! 

How does it work?

Wondering how it works? You’ll be pleased to know an application with Pocket Cash could only take you a few short minutes. Check out the following. 

Apply online 

If you’re ready to get started with a Pocket Cash application all you’ll need to do is scroll up and click ‘Apply Now.’ You will then be directed to our car loans calculator. Using the slider, select the amount you’d like to borrow and the repayment period and hit ‘Next.’ You’ll then be taking to our 100% online application form. This could only take you a few short minutes to complete. 

We do the searching 

The Pocket Cash team will show your car loan application to a variety of different lenders so you get the best chance possible at approval. If you choose to apply during AEST business hours you could even have an outcome in just 60 minutes. You won’t even have to leave the comfort of your living room – talk about speed and convenience! 

Meet your new lender 

If Pocket Cash has been able to match you with a compatible lender we’ll put you in touch straight away. In most cases, your lender will send over an agreement for you to review and sign. The Pocket Cash team encourages all borrowers to read through their contract carefully and make themselves aware of the full terms and conditions of the loan. It is important to get in touch with your lender if you have any questions or concerns regarding your new car loan. 

Get your cash 

In most cases, once your new lender receives a signed copy of your agreement they will transfer the cash straight to your nominated bank account. How simple is that!

What are you waiting for? 

So many Aussies have found their next car loan with Pocket Cash. Why not get started on an application today? Our team is here to make finding your perfect car loan simple!     

For more info head to our FAQ page. Alternatively you can get in contact if you have any questions or complaints.

Shopping around for the best car loan? You can make an informed decision by doing a car loan comparison!

Want to know where you can find personal loans with no credit check? Get the lowdown with Pocket Cash!

Why choose Pocket Cash?