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Looking to invest in new business machinery or tools, but want to understand your repayments first? Our Equipment Finance Calculator helps you estimate your repayments in seconds – giving you the clarity to plan your cash flow before you commit.
Simply enter your loan amount, interest rate, loan term, and any balloon payment to see your estimated repayments. Our calculator makes visualising your financial commitment simple, whether you’re financing construction machinery, vehicles, or office technology.
Loan Details You’ll Need for our Machine Finance Calculator
Loan Amount
This is the amount you plan to borrow for your new equipment. It usually reflects the total cost of the asset unless you’re contributing a deposit or borrowing extra funds for setup costs.
Interest Rate and Loan Term
The rate determines how much interest you’ll pay, while the term defines how long you’ll be repaying the loan. Most mortgage brokers and lenders offer fixed or variable rates, typically over 2 to 7 years.
Establishment Fees
Some lenders charge fees when setting up your equipment loan. Including these in your calculator results gives you a clearer idea of the total finance cost.
Balloon Payment
A balloon payment is a lump sum due at the end of your loan term. It helps lower your regular repayments but means you’ll need to pay a larger amount later. This option is common for vehicle and machinery finance, where the asset retains value.
Take Control of Your Equipment Finance with our Calculator
Planning a new purchase? Don’t guess your repayments – calculate them. Use our free machine finance calculator above to estimate your costs, or contact our friendly team for personalised guidance.
Speak to an Inovayt finance expert today to find the best equipment finance option for your business and start growing with confidence.
Frequently Asked Questions
A machine finance calculator helps you estimate your repayments, interest, and balloon payments before applying for finance. It gives you a clear picture of your total costs.
Yes, you can include establishment or setup fees to see the total finance cost, not just your repayments.
Absolutely. You can use it for any business asset, from heavy machinery and vehicles to office technology or medical equipment.
No. The equipment finance calculator is a free online tool that doesn’t require any credit checks. It’s purely for planning purposes to help you make informed decisions.
You’ll need to provide standard identification documents, including your driver’s license (front & back), ABN number, and, depending on loan size, the past two years of company financials or tax returns.
Our car and equipment finance team only run soft checks on credit files. This doesn’t leave an enquiry or affect your credit score at all.
The approval process will vary from lender to lender, but the average lender should provide an outcome within 24-48 hours.
Your loan is typically settled 24 hours after approval if all relevant documentation is ready.
Work with an Inovayt Broker
At Inovayt, our mission is to provide lifetime financial solutions by thoroughly understanding your individual needs and goals. As such, we believe every client deserves our award-winning customer service. Our friendly team prioritises client satisfaction above all else, going above and beyond to help you achieve your financial goals. Regardless of what stage of the finance journey you’re on, our team provide quality advice to help you make informed and empowered financial decisions.
Our customer service extends far beyond your initial meeting, as we believe in nurturing you beyond the first transaction. Our brokers work hand in hand with you to ensure you receive the best possible outcome and are available to chat face to face, online, or via the phone at a time that suits you.
Our focus is always on achieving the best possible outcomes for our clients. Finding the right finance to match your goals and objectives is no easy task, so our friendly team work tirelessly to tailor a solution for you. We are solutions-driven, so we work hard to tackle any hurdles that may arise to ensure client satisfaction.
Why Choose Inovayt
Simple
We understand it can be daunting applying for finance, but it doesn’t have to be. Our experienced team can help you apply for all types of finance with little stress.
Flexible
We understand that everyone has different needs, schedules and availability. We’re happy to meet face to face, over the phone or online at a time that suits you.
Solutions-driven
Let us help you make your financial dreams a reality for now and into the future. Our end-to-end financial solutions can support you throughout any stage of your life journey.
