Chattel Mortgage Calculator
Estimate loan repayments for a chattel mortgage used to finance a business vehicle, including balloon payment options.
Your results
Calculation breakdown
- Repayment
- Repayment on financed amount adjusted for present value of balloon
Worked example
A $45,000 chattel mortgage at 8.5% over 5 years with a $9,000 balloon costs roughly $780 a month.
Assumptions
- Balloon payment is discounted to present value to size the regular repayment.
- Excludes establishment and account fees.
- Assumes a fixed interest rate for the full term.
How this calculator works
A chattel mortgage is a common way for Australian businesses to finance a vehicle where the business owns the asset from settlement while the lender holds a mortgage over it as security. Enter the loan amount, interest rate, term and any balloon payment to estimate your regular repayments.
Rates sourced from the Australian Taxation Office for the 2026–27 financial year. Last reviewed 01/07/2026.
Frequently asked questions
What is a balloon payment?
It is a lump sum left owing at the end of the loan term, which reduces regular repayments but must be refinanced or paid out at the end.
Is a chattel mortgage the same as a novated lease?
No, a chattel mortgage is typically used by businesses that own the vehicle, while a novated lease is an employee benefit arrangement; tax treatment differs.
Can individuals get a chattel mortgage?
Chattel mortgages are generally aimed at businesses and sole traders using the vehicle for income-producing purposes; check eligibility with your lender.
Results are estimates only and are not financial, tax, legal or credit advice.
Rates and thresholds are configured for the 2026–27 Australian financial year and should be reviewed when government settings change.