Car Loans

Your Guide To The Best Car Loan

Looking to drive away in your new car? At Lending Array, we make getting a car loan quick and easy. Whether it’s a brand-new model or a second-hand gem, we offer competitive rates and flexible terms tailored to your needs. Our fast approval process means you won’t be left waiting for long—you could be driving your new car in no time! Plus, we work with you to ensure the loan fits comfortably within your budget, making car ownership stress-free.

We take care of all the details so you can focus on what matters—choosing the perfect car. Our team handles the paperwork and simplifies the process, ensuring a smooth experience from start to finish. Whether you’re upgrading your ride or purchasing your first car, Lending Array is here to support you every step of the way.

Personalised Guidance for Fast Car Loan Approvals

At Lending Array, we understand that finding the right car loan can be overwhelming, especially with so many options available. That’s why we are here to make the process simple and stress-free for you.

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Description

This interest only mortgage calculator helps you work out what your regular repayments during and after interest only period will be based on your loan amount. Repayments frequency can be changed to monthly, fortnightly or weekly. Calculate both Principal and Interest repayments for a loan term.

Assumptions
  • It does not take into account any possible up-front fees. Only Ongoing fees are used not Upfront or End of loan fees (i.e. discharge costs)
  • Interest rate does not change over the loan term.
  • Interest is calculated by compounding on the same repayment frequency selected, i.e. weekly, fortnightly, monthly. In practice, interest compounding frequency may not be the same as repayment frequency.
  • It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
  • No rounding is done throughout calculation whereas repayments are rounded to at least the nearer cent in practice.