Asset Finance Calculator
for Australian Business
Use Dark Horse Financial's asset finance calculator to estimate monthly repayments on equipment finance, a chattel mortgage or an asset based loan in seconds. Enter the amount, rate, term and any balloon or residual payment, and the calculator uses the same reducing-balance amortisation method lenders use to price real finance, correctly accounting for the balloon rather than simply subtracting it. Then speak with a broker who can compare your numbers across our panel of 100+ bank and non-bank lenders.
Estimate Your Repayments
How this works ⓘInstant estimate. No credit check, no obligation.
How Asset Finance Repayments Are Calculated
Your repayment is calculated on a reducing balance: each month you pay interest on what's still owing, plus a portion of the principal, so the balance (and the interest charged on it) shrinks over the term. Here's what each input actually does to that calculation.
Your Monthly Repayment
A fixed amount calculated so the loan (minus any balloon) is fully repaid, in equal instalments, by the end of your chosen term.
Interest Rate (p.a.)
Lenders quote an annual rate; the calculator converts it to a monthly rate to work out interest on the reducing balance each month.
Residual / Balloon
A balloon defers part of the asset's cost to a lump sum owed at the end of the term. It lowers your monthly repayment, but interest still applies to that deferred amount for the full term, so a bigger balloon reduces your monthly outlay without reducing what you ultimately pay for the asset.
What This Calculator Does and Doesn't Include
Every figure above is an indicative estimate. Before you rely on it, it's worth knowing exactly what's built in and what isn't.
- Repayments are calculated on a standard reducing-balance basis with equal monthly instalments, the same method used for a typical chattel mortgage or equipment loan.
- Figures exclude establishment fees, ongoing account fees, brokerage and insurance, all of which vary by lender and asset.
- GST is not applied to the figures shown; speak with your accountant about GST credits and the instant asset write-off as they relate to your purchase.
- Your actual rate depends on the lender's assessment of the asset, your credit history, and your business's financials, and can be higher or lower than the rate you enter.
- This calculator provides general information only. It isn't a loan offer, pre-approval, or financial, tax or legal advice.
What Can This Calculator Estimate?
The same reducing-balance maths applies whether you're financing a new purchase or borrowing against an asset you already own.
Why Use Dark Horse to Compare Your Options?
Maths That's Actually Right
Our calculator correctly accounts for the time value of a balloon payment, so the estimate you see here is closer to what a lender will actually quote you.
Broad Lender Access
Broker access to 100+ bank and non-bank lenders, so a single generic rate doesn't decide your outcome.
Fast Turnaround
Approvals typically within 24–48 hours once your application is submitted.
Every Structure Considered
Chattel mortgage, finance lease or asset based loan: we structure the facility around your asset and tax position, not a generic policy.
Specialist Expertise
Led by a working capital specialist with nearly 15 years' experience and industry recognition in SME business lending.
No-Obligation Assessment
A free initial assessment, with no obligation to proceed.
Frequently Asked Questions
Common questions about asset finance and asset based loan calculators, answered directly.