Chattel Mortgage Calculator Australia
Instantly estimate repayments, GST credits, and tax benefits for trucks, utes, equipment, caravans, and boats.
Quick Asset Presets
Monthly Repayment
$1,202
Financed Amount
$60,000
Total Interest
$12,120
Total Repayment
$87,120
$120k
Average deal size
30+
Lender panel
2 hrs
Broker response time
$0
Cost to you
- ASIC/NCCP compliant — connected to licensed finance professionals
- 30+ lenders across prime, specialist and private channels
- Respond within 2 business hours — no fees, no obligations
- Structured for GST-registered businesses and sole traders
What Are You Financing?
Calculate by asset type
Simple Process
From calculation to quote in 3 steps
Enter your asset details
Set price, deposit, balloon, interest rate and term. Toggle GST-registered and business use percentage to see tax-adjusted figures.
Review repayments and tax outcome
See monthly repayment, total interest, estimated GST credit and tax benefit — all recalculating live as you adjust.
Get a real quote from Asset Finance Australia
Submit your scenario to the Asset Finance Australia broker team. They'll match you with the right lender structure within 2 hours.
Tax Savings & Write-Off Tool
Estimate GST credits, depreciation deductions and instant asset write-off eligibility for your asset purchase.
Calculate tax savings →
Chattel Mortgage vs Finance Lease
Side-by-side cost comparison of chattel mortgage vs finance lease. See which structure costs less over your chosen term.
Compare structures →
Ready for a real rate?
Get matched to a licensed broker
Asset Finance Australia accesses 30+ lenders including major banks and specialist asset lenders. Get a tailored chattel mortgage structure with a response within 2 business hours — free, no obligations.
- ✓ Chattel mortgage specialists
- ✓ Trucks, utes, equipment & more
- ✓ Approvals for new ABNs
- ✓ Prime, specialist & private channels
Common Questions
Chattel mortgage FAQ
What is a chattel mortgage?
A chattel mortgage is a business finance structure where you take immediate ownership of an asset and the lender takes a security interest (mortgage) over it. It is the most common finance product for GST-registered Australian businesses acquiring vehicles, equipment and machinery.
How is the chattel mortgage repayment calculated?
Repayments are calculated using the standard PMT (present value of annuity) formula: (principal × monthly rate) ÷ (1 − (1 + monthly rate)^−months). Our calculator uses the financed amount (asset price minus deposit minus balloon payment) to derive a fixed monthly repayment.
Can I claim GST on a chattel mortgage?
Yes. If your business is GST-registered, you can generally claim the full GST component of the asset purchase price as an input tax credit (ITC) on your next BAS. The financed amount is the GST-exclusive price. This makes chattel mortgage particularly attractive compared to a finance lease for GST-registered businesses.
What is the $20,000 instant asset write-off?
The instant asset write-off allows eligible small businesses to immediately deduct the full cost of a depreciating asset under the threshold (currently $20,000 for the 2024–25 year) rather than claiming depreciation over time. Use our tax savings tool to model your scenario.
What is the difference between chattel mortgage and finance lease?
With a chattel mortgage you own the asset from day one and can claim GST upfront and depreciation deductions. With a finance lease, the lender owns the asset and you lease it — lease payments are fully deductible but you cannot claim the GST upfront. Ownership transfers at the end of the lease for a residual payment.
What interest rates apply to chattel mortgages in 2026?
Chattel mortgage rates in Australia typically range from 6.5% to 9.5% p.a. depending on credit profile, asset type, loan term and lender. Asset Finance Australia accesses 30+ lenders so rates are matched to your specific scenario — not a generic posted rate.
For deeper guides and lender-specific information, visit chattelmortgageaustralia.com.au or the full chattel mortgage guide at Asset Finance Australia.