1300 114 647

Terms & Conditions

Disclaimer for Finance Calculator


The finance calculator is approved and provided by Auto Approve (A.C.N. 633 925 050 Pty Ltd (ACN 633 925 050) trading as Auto Approve (a Related Body Corporate of Birchgrove Finance Pty Limited (ACN 165 682 057) (Australian Credit Licence: 448556)) (“Auto Approve”)). Auto Approve is an accredited and licensed finance broker.
The finance calculator calculates the estimated loan repayment amount depending upon the repayment frequency requested, which is dependent upon the loan amount, loan term and interest rate. The finance calculator is provided for informational purposes only (and in this respect see, below, “Other Important Information”).

Calculator Assumptions

Length of Month
Months are of equal length. However, given some months are longer than others, interest charged will vary depending upon the month.
Number of Weeks & Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
Rounding of Estimated Repayment Amounts
The finance calculator uses the unrounded repayment to derive the amount of interest payable over the full term of the loan, however, institutions round repayments to the nearest cent. Note that the final repayment after the increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero.
Estimated Repayment Amounts
The estimated repayments amount includes the repayment of both principal and interest on the loan amount. The finance calculator only applies to loans where your regular repayment includes both interest and the gradual repayment of the amount borrowed. It does not apply to interest only loans.
Interest Rate
The repayment estimate is calculated with a nominal interest rate of 5.39% p.a. (note that this interest rate is subject to change and is provided for indicative purposes only. The actual interest rate is subject to lender assessment and is risk based, meaning the interest rate can be different from client to client) .The interest applied over each repayment period has been calculated as this nominal interest rate divided by the number of deposit periods.
Timing of Interest Conversion
The finance calculator assumes interest is calculated by compounding on the same weekly, fortnightly or monthly basis as the frequency of repayment you select. The finance calculator assumes that interest is charged to the loan account at the same frequency as the repayments are made. In practice, there may be differences between the timing of the loan repayments and the timing of the interest charges being added to the loan balance.
Comparison Rate
The comparison rate of 7.28% is based on a secured 5-year loan of $30,000 (note that this comparison rate is subject to change). This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Eligibility assumptions
In order to provide an estimate, Auto Approve makes several eligibility assumptions, including, among others, full-time employment status, a credit score of greater than 601, a vehicle no older than 5 years and an LVR of less than 115%.
Vehicle price
The vehicle price shown in the finance calculator may not include other additional costs such as stamp duty, government fees and charges, on-road costs and other charges payable in relation to the vehicle.
Other costs
The finance calculator does not include extras such as establishment fees, account fees or early repayment fees, among others.

Other Important Information

The finance calculator and loan repayment results:

  • are an estimate only that are based on several assumptions outlined above, which are subject to change;
  • are indicative only based on the inputs in the selector and not based on your personal circumstances. They do not consider your ability to make the repayments shown and/or the impact of any possible interest rates changes;
  • should be used for information purposes only. They do not constitute a quote or an offer of finance on particular terms and/or a pre-qualification for a loan; and
  • are not intended to be your sole source of information when making a financial decision. You should consider obtaining legal, tax and financial advice from a licensed financial adviser before making any financing decisions, including taking out a loan. Before you act on the output of the finance calculator, please consider if it’s right for you.

Credit fees, service fees and charges may apply. Credit to approved applicants only. A quote, details of all fees and charges may be obtained by contacting Auto Approve via autoapprove.com.au or calling 1300 114 647

Content Ownership

This website may contain content that is subject to the intellectual property rights of third parties.


Auto Approve & its logos are a registered trademark ® of Auto Approve Pty Ltd.
Other trademarks are property of their respective owners.

General Terms of Use

Auto Approve appreciates your interest in its products and your visit to this website. These terms and conditions apply to the use of this website, including the purchase of goods or services over this website. In using this website for these or any other purposes, you agree to be bound by these terms and conditions. If you do not accept these terms and conditions, do not use this website.Auto Approve reserves the right to amend these terms and conditions at any time and such amendment will apply upon publication on this website. These terms and conditions must be read in conjunction with any other applicable terms and conditions governing the use of this website or the purchase of goods or services from

Product Information

While Auto Approve has attempted to ensure that all information, representations, illustrations and other matter contained on this website are accurate at the time of publication, product features, specifications and pricing are subject to change without notice. The information on this website should always be read in conjunction with other materials and information available from Auto Approve.
To the extent permitted by law, Auto Approve excludes all express and implied warranties and all liability, whether direct, indirect, special or consequential, arising from negligence or otherwise relating to the use of this website, any inaccuracies and for any non-compliance by any goods or services with any representations, illustrations, specifications, product features or other information contained on this website. Where, by law,Auto Approve is not permitted to exclude its liability but is permitted to limit its liability, its liability will be limited to the maximum extent possible. Nothing in these terms and conditions should be taken to limit the operation of the statutory warranties implied under the Trade Practices Act 1974 (Cth) or related consumer protection laws.
Auto Approve is not responsible for the contents of websites that are maintained by third parties and therefore waives its liability for any links from this website to other websites.

General Advice Warning

Auto Approve informs you that any advice given on this website is general advice only. Before you act on the advice, you should consider whether this advice is suitable for you. You should read the relevant Product Disclosure Statements before purchasing any products or services id applicable. You should always refer to your accountant or a registered tax agent before taking out finance. While we make every attempt to give you the best and most accurate possible product information, Auto Approve its agents, employees and accredited lenders will accept no responsibility for any loss that may arise.
Any quotes displayed by our calculators are subject to clients eventual product choice and personal status.
The insurance products listed on this website are issued by our partners. Please consider the relevant Product Disclosure Statement before making a decision about any insurance product featured on this website.


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