Vehicle Finance Calculator
Understanding the loan results
Monthly Payment: This is your estimated monthly installments for the loan amount you've entered. If you were expecting a lower monthly installment, you might want to recalculate with a longer repayment term. But there's a catch, the accrued total interests of your loan will also be higher.
Total Payment: This is the estimated total amount you'll have to pay back, with interests.
Total Interest: Based on the information you provided on the calculator, this is the total interest you're going to pay for the loan amount. Borrowers with a good credit score usually pay less interest than someone with bad credit.