Mark Donovan
a month ago on Google
Rohan provided exceptional service, was communicative and transparent through the entire process. I ended up with a far better deal than I would have got on my own.
Chattel mortgage repayment calculator
Chattel Mortgage Calculator
Estimate repayments on a business car, ute, truck or equipment. Add a balloon, pick weekly, fortnightly or monthly, and see the GST in the price. Then have Rohan Joshi at RyRo Asset Finance turn it into a real quote.
- Repayments with or without a balloon
- In advance or in arrears, weekly to monthly
- GST in the price shown, with a plain note on claiming it
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Updated November 2026
Asset finance calculator
Chattel mortgage calculator
Enter the price, any deposit or trade-in, the term, the rate you have been offered and a balloon if you want one. The repayment, total interest and balloon update as you type.
Estimated repayment per month
$1,581.53
60 monthly repayments paid in advance, then a balloon of $17,600
- Amount financed
- $88,000
- Total interest
- $24,492
- Total of repayments and balloon
- $112,492
Breakdown and GST
- Amount financed
- $88,000
- Balloon at the end
- $17,600
- Total interest
- $24,492
- Total of repayments and balloon
- $112,492
- Paid off around
- 5 years from now
GST in the price: $8,000
One eleventh of a GST-inclusive price. A GST-registered business may be able to claim GST on a business asset as a credit on its BAS. Whether you can, how much and when depends on your business use and how you account for GST. We recommend consulting your accountant.
Estimate only, not a quote or tax advice. It leaves out fees and charges, and the rate is the one you type in. Your real repayment depends on the lender, the asset and your business.
Figures last checked .
Repayment schedule by year
| Year | Repayments | Interest | Balance owing |
|---|---|---|---|
| 1 | $18,978 | $7,304 | $76,326 |
| 2 | $18,978 | $6,209 | $63,556 |
| 3 | $18,978 | $5,011 | $49,589 |
| 4 | $18,978 | $3,701 | $34,311 |
| 5 | $18,978 | $2,267 | $17,600 |
The balance owing at the end of the last year is the balloon.
This is an estimate, not financial advice. Results are a guide only. Speak to a broker for accurate figures based on your situation.
Free, no obligation. Your numbers go with your enquiry.
5.013 RyRo Asset Finance reviews
Buying a car mainly for personal use? A consumer car loan is usually the better fit: see our Sydney car finance broker page.
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Quick answer
What is a chattel mortgage?
A chattel mortgage is a business loan to buy a vehicle or piece of equipment. Your business owns the asset from day one, and the lender holds security over it until the loan is repaid. You make regular repayments over a set term, with an optional balloon at the end.
The maths
How a chattel mortgage repayment is worked out
Five things set the repayment. The calculator uses the same standard method lenders use, with the rate you enter.
Amount financed
The price including GST, less any deposit or trade-in. Some lenders also add fees to the loan.
Term
A longer term means lower repayments but more interest over the life of the loan.
Interest rate
Usually fixed for the term. It depends on the lender, the asset, its age and your business.
Balloon
A lump sum left to the end. It lowers each repayment and raises the total interest.
In advance or in arrears
Paying at the start of each period gives a slightly lower repayment than paying at the end.
Fees
Establishment, monthly and PPSR fees vary by lender. This estimate leaves them out.
“Thank you for your support to get my business car loan done in 1 day. Highly recommend”
Rohan · 0:22
Balloon payments
How a balloon changes your chattel mortgage repayments
A balloon moves part of the loan to the end of the term. Your regular repayments drop, which helps cash flow while the asset is earning. The trade-off is that the balloon sits on the balance the whole time, so you pay more interest overall.
When it falls due you can pay it out, refinance it, or sell or trade the asset to clear it. The safest balloon is one the asset should still be worth more than at the end of the term.
Check my balloon options
Rohan checks what balloon each lender will accept.
Illustration only
| Balloon | Monthly repayment | Total interest |
|---|---|---|
| No balloon | $1,648.31 | $18,898 |
| 20% ($16,000) | $1,437.75 | $22,265 |
| 40% ($32,000) | $1,227.20 | $25,632 |
The 9% rate is an assumption for the example, not a quote or a market rate. Fees are left out. Worked with the calculator above.
Want to understand balloons on vehicles in more depth? Read our chattel mortgage guide.
GST and tax
GST on a chattel mortgage
Most business buyers look at a chattel mortgage because of how GST works when the business owns the asset from day one. Here is the general picture.
When a business buys a vehicle or equipment from a GST-registered seller, the price usually includes GST of one eleventh. With a chattel mortgage, the business is the buyer and owner, so a GST-registered business may be able to claim that GST as a credit on its BAS.
How much you can claim, and in which period, depends on how much you use the asset for business, how you account for GST and the paperwork you hold. Car limits and other rules can apply too.
- Example price including GST
- $88,000
- GST in that price (one eleventh)
- $8,000
The calculator shows the GST in whatever price you enter. It does not change the repayment: the amount financed here is the GST-inclusive price less your deposit or trade-in.
Talk to Rohan about structure
Rohan works alongside your accountant.
What you can finance
What you can finance with a chattel mortgage
Almost any movable asset your business uses to earn income. The asset is the security, so lenders look at what it is, its age and how easy it would be to resell.
Cars, utes and vans
Business cars, dual cab utes and delivery vans, new or used, from a dealer or a private seller.
Trucks and trailers
Rigid trucks, prime movers and trailers for owner drivers, tradies and fleets.
Yellow goods
Excavators, loaders, bobcats and other earthmoving and construction machinery.
Workshop and factory equipment
Forklifts, production machinery, workshop tools and other equipment your business runs on.
A dual cab for the trade? See ute finance. Need working capital rather than an asset? See business loans.
Rohan · 0:25
Finance types
Chattel mortgage vs hire purchase vs finance lease
Three common ways to finance a business asset. The main difference is who owns it during the loan.
| Chattel mortgage | Hire purchase | Finance lease | |
|---|---|---|---|
| Who owns the asset | Your business, from day one | The lender, until the last payment | The lender, during the lease |
| End of term | Pay any balloon and it is clear | Last payment and it is yours | Pay the residual, return or re-lease |
| GST and tax | Ask your accountant | Ask your accountant | Ask your accountant |
For the full side by side, read chattel mortgage vs hire purchase on our asset finance page.
Rohan Joshi
Asset finance broker, RyRo Asset Finance, ACR 565295
Who you will deal with
Rohan turns your estimate into a real quote
The calculator gives you a ballpark. Rohan compares asset lenders on your actual business, asset and term, checks the balloon each will accept, and sets out every fee before you sign.
He works from the RyRo office in Norwest, so if you are in the Hills District you can sit down with him in person. Self-employed and working out your income for a lender? Try the income gross-up calculator, or book a free strategy call.
Ask Rohan for a quote
No obligation.
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.
Google reviews
What Rohan's clients say
Real Google reviews of RyRo Asset Finance, word for word.
- 5.0 from 13 Google reviews for RyRo Asset Finance
- Authorised Credit Rep 565295
5.0
From 13 Google reviews for RyRo Asset Finance
Rohan · 0:25
Sumit Garg
a year ago on Google
Rohan been nothing short of excellent for us. Being proactive, professional and keeping things very simple and easy to deal with. Gave us an excellent deal and whole process was easy as. Thank you for being so helpful is getting us over the line in getting the new car
Rayen Naidoo
2 months ago on Google
I engaged Ryro Finance to arrange finance for my vehicle, and the experience was excellent. They didn’t just compare car loan options—they took a holistic approach by considering my future financial goals and any upcoming asset purchases to ensure the finance structure suited my long-term plans. They provided valuable advice on the ideal deposit amount, explained the best approach to financing a vehicle, and secured one of the most competitive interest rates available to me. I would highly recommend Ryro Finance, not only for vehicle finance but for any financing requirements. Their personalised advice, professionalism, and long-term financial planning set them apart.
Daljeet Singh
9 months ago on Google
I have wonderful experience with them they are professional,quick and accurate in terms of loan requirements
FAQs
Frequently asked questions
Have a question not covered here? Ask Rohan directly. Self-employed with a newer business? Read about ABN car loans for the self-employed.
Rohan · 0:20
How are chattel mortgage repayments calculated?
+
The lender takes the amount financed (the price less any deposit or trade-in), the interest rate, the term and any balloon, and works out an even repayment that brings the balance down to the balloon by the last payment. Repayments paid in advance are slightly lower than in arrears because each one reduces the balance a period sooner. Fees are added on top. The calculator above uses the same method with the rate you type in.
What is a balloon payment on a chattel mortgage?
+
A balloon (also called a residual) is a lump sum left owing at the end of the term. Because that part of the loan is not paid off through the regular repayments, the repayments are lower. You still pay interest on the full balance for the whole term, so the total interest is higher. When the balloon falls due you can pay it out, refinance it, or sell or trade the asset to clear it.
How big can a chattel mortgage balloon be?
+
It depends on the lender, the type of asset, its age and the length of the loan. A shorter term on a newer vehicle usually allows a larger balloon than a long term on an older or specialised asset. The safest balloon is one the asset should still be worth more than when it falls due. Tell Rohan the asset and term and he will check what each lender will accept before you commit.
Can I claim the GST on a chattel mortgage?
+
With a chattel mortgage your business owns the asset from the start, and a GST-registered business may be able to claim the GST in the purchase price as a credit on its BAS. Whether you can, how much and in which period depends on how much you use the asset for business and how you account for GST. We recommend consulting your accountant before you rely on a GST credit in your cash flow.
Is a chattel mortgage a one-time payment?
+
No. A chattel mortgage is repaid through regular repayments, weekly, fortnightly or monthly, over a set term. If you choose a balloon, there is also one lump sum at the end. What is paid once is the purchase itself: the lender pays the dealer or seller in full at settlement, and your business owns the asset from that day while the lender holds security over it.
What fees come with a chattel mortgage?
+
Fees vary by lender. Common ones are an establishment or application fee, a monthly account fee, a fee to register the lender’s security on the Personal Property Securities Register (PPSR), and fees if you pay out early. Some loans also include a broker fee. Ask for every fee in writing before you sign, and compare the total cost, not just the rate. Rohan sets out each fee with the quote.
What is the difference between payments in advance and in arrears?
+
In advance means the first repayment is due when the loan starts, and each later one at the start of its period. In arrears means each repayment is due at the end of its period, so the first one comes a week, fortnight or month after settlement. Paying in advance gives slightly lower repayments and less interest overall, because the balance falls sooner. Switch between the two in the calculator to see the difference.
Can I get a chattel mortgage with a new ABN?
+
Often, yes, but fewer lenders will look at it. Many prefer an ABN that has been registered for a year or two, and some ask for GST registration. Others will consider a newer ABN if you have industry experience, a deposit, a clean credit file or work already lined up. Rohan checks which lenders accept your ABN age before anything is submitted, so you are not declined on a policy rule.
Can I pay off a chattel mortgage early?
+
Usually, yes, but read the contract first. Many chattel mortgages are fixed rate, and paying out early can mean an early termination fee or a payout figure that includes some of the interest you would have paid. Some lenders are more flexible than others. If you expect to pay off early, or to sell or upgrade the asset during the term, tell Rohan up front so he can look for a lender whose payout terms suit.
What can a chattel mortgage be used for?
+
A chattel mortgage funds a movable asset used mainly for business: cars, utes and vans, trucks and trailers, earthmoving and construction machinery, farm equipment, and workshop or factory equipment. The asset is the security for the loan. It is not for property or for an asset used mostly for personal reasons. For a car you will mainly use privately, a consumer car loan is usually the right product.
Talk to Rohan
Get a real chattel mortgage quote
Cars, utes, trucks and equipment, new or used. Tell Rohan what you are buying and he will come back with real numbers from his lenders.
We generally respond within an hour. Prefer to pick a time? Book your strategy call online or contact us.
Rohan Joshi
Asset finance broker, RyRo Asset Finance
- Rohan reads your details and calls you back
- No obligation to go ahead
- Every fee set out before you sign
Rohan · 0:23
More videos from Rohan
- From 13 Google reviews for RyRo Asset Finance
- 5.0
- From 13 Google reviews of RyRo Asset Finance
- 5.0
“I would definitely recommend RyRo Asset Finance as Rohan is amazing and I got a great rate. Fast and efficient service. Thank you.”
RyRo Asset Finance Pty. Ltd., (ABN 69 682 063 896) an Authorised Credit Representative (ACR #565295) of Fintelligence Pty Ltd (ABN 80 625 017 174), Australian Credit Licence # 511803.