Understand your borrowing power with our equipment loan repayment calculator.
How To Calculate Loan Repayments
Understanding your loan repayments is an important part of borrowing. Buddii Finance provides a simple and straightforward tool to help you calculate your equipment repayments in five steps:
- Use the slider to select your desired loan amount
- If necessary, input your desired balloon payment amount
- Select an interest rate
- Choose your preferred loan term (from 1 to 7 years)
- Select a payment frequency that suits you
Our equipment finance calculator will provide you with an estimated weekly, fortnightly or monthly repayment based on the details you have provided. Whatever your business equipment needs, Buddii Finance will do its best to provide you with a well-suited financing option.
Note: Buddii Finance’s equipment loan repayment calculator provides an estimate on your loan repayments. Individual assessment is required to determine your borrowing capacity and loan suitability. This calculator is designed to be used as a guide, with individual rates subject to lending criteria.
CALCULATE YOUR EQUIPMENT LOAN
Please note: This is an estimate provided for illustrative purposes only, and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees such as early repayment costs and establishment fees are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.
How Our Repayment Calculator Works
When it comes to business finance, it can be difficult to understand where to start. At Buddii Finance, we take the guesswork out of finding the right business loan with our expert brokerage services.
Buddii Finance’s equipment loan repayment calculator is designed to assist businesses in the market for an equipment loan. It acts as a rough guide to loan repayments based on your desired loan term and interest rate.
Your loan amount is how much you wish to borrow, while your balloon payment is an agreed upon amount that is paid at the end of your loan term. This is designed to reduce your overall repayments, but does require the full balloon payment to be available at the end of your loan term.
When you apply with Buddii, your interest rate will depend on a number of factors, including your credit history, payment frequency, loan term and the amount of money you have borrowed. With a business loan, your interest rate can also depend on the type of equipment you’re buying. As such, our calculator should only be used as a guide and not a guarantee.
Buddii Finance can match you with a loan that meets your business needs. That means finding you a loan with repayment terms that work for you. Our team of expert brokers take you through the process step by step to ensure you’re not left in the deep end when it comes to your business finances.
Note: Buddii Finance’s equipment loan repayment calculator is an estimate of your loan repayments. Individual rates and loan terms are subject to our lending criteria. Additional fees, charges and conditions may apply.
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How Much Can I Borrow With An Equipment Loan?
At Buddii Finance, we do our best to find you a business loan that is tailored to your needs. Whether you’re looking to finance new commercial tools or upgrade your existing workplace equipment, you’re in the right hands with us.
When it comes to equipment loans, your maximum borrowing power depends on a few key criteria. This includes the financial history of your business, your desired loan term and what you’re wanting to borrow the money for. At Buddii Finance, we can help you find an equipment loan of up to $500,000 depending on your individual circumstances.
It’s important to consider both your personal and business credit ratings when applying for business finance. Both can play a role in determining your borrowing power, so ensure to check your credit reports before applying. You can do this for free through one of Australia’s leading credit bureaus: Experian, Illion or Equifax.
Our equipment loan calculator is a great tool for estimating your loan repayments. If you’d like a more concrete assessment, reach out to our team of brokerage experts today.
Speak To Our Team Today
Applying for business finance can be overwhelming. With so many lenders to choose from, let Buddii Finance take the difficulty out of finding the right business finance solution for you. Our team of experienced brokers are here to help you every step of the way.
You can reach our team via phone on 1300 283 344 or via email at [email protected].
Yes indeed. In many cases (provided you’re not on a lease), you can exit your loan early. The exit fees are usually quite reasonable, but you would need to get clarification from your Buddii broker to find out exactly how much the fees are for each lender.
Whether you’re starting a new business or expanding it, the right business loan can take your business to the next level. At Buddii, we can help you find and secure a business loan to drive you closer to your goals – whatever they may be.
Yes, you can. We’ll even go a step further and check out the seller to make sure that any amount left owing on the asset is paid out at settlement.
We are financial brokers and specialists in linking you with the right loan product for your needs. We can provide you with a great rate on finance for cars, boats, trucks, equipment, machinery and a lot more. Get in touch to find out more about what we can finance.
Contact our Specialists Today
We know that securing an equipment loan can be a daunting experience, and it is hard to know if you are getting the right deal.
Call us on 1300 283 344 today to find out how we can help you. You can also send us a message for any questions or enquiries about getting a loan rate the suits your financial situation in Australia.
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