Chattel Mortgage Calculator
Estimate repayments on a chattel mortgage, the common way Australian businesses finance a vehicle or equipment. Adjust the amount, rate and term; a balloon (residual) payment at the end lowers the monthly repayment.
How we estimate this
A chattel mortgage finances a vehicle or equipment a business uses to produce income. The business owns the asset from day one, and the lender takes security over it. Terms are usually 1 to 7 years.
Pricing reviewed: October 2026.
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Understanding chattel mortgages in Australia
A chattel mortgage finances a vehicle or equipment a business uses to produce income. The business owns the asset from day one, and the lender takes security over it. Terms are usually 1 to 7 years.
Repayments depend on the amount, rate and term. A balloon (residual) payment at the end lowers the monthly repayment but leaves a lump sum to pay or refinance. GST on the asset can often be claimed up front, which is a key reason businesses use this structure.
Frequently asked questions
How is a chattel mortgage repayment calculated?
From the loan amount, interest rate and term, like any loan. A balloon payment at the end reduces the regular repayment but must be paid or refinanced when the term ends.
What is the benefit of a chattel mortgage?
The business owns the asset immediately and can often claim the GST on the purchase up front and depreciation over time. A balloon payment can lower monthly repayments. Confirm the tax treatment with your accountant.
Are you a mortgage / finance broker?
Everyone on this page is working out what chattel mortgage costs because they are ready to hire. Put your business right beneath the calculator, in your state, so you are who they find. From $50/mo.