Our Information

Acata has been in the industry for more than 15 years and has helped more than half a million Australian residents fulfill their goals through reasonable interest loans.

If you need capital to finance your goals in life, we’re here for you. We understand how difficult it can be to apply for personal loans from large banks, that is why we’re giving you the financial options to help you achieve your personal goals.

Hurry and apply now. Don’t delay your dreams!

Tips on Getting the Best Deals Using a Car Loans Australia Calculator


When taking out a car loan to pay for vehicle purchase, it’s crucial that you figure out ahead of time how much you should borrow and how much you can afford to pay back. Most people tend to focus more on how they can borrow as much as they can while forgetting to check whether the repayments will be something they can afford. The right loan isn’t always the biggest amount you can take out. Rather, it is the most affordable one you can get. To help you decide a car loans Australia calculator can be immensely helpful.

In finding the right car loans, you need to spend enough time to shop around. Your choices are plenty and you want to make the most of it as best as you can. Taking the time to do due diligence will eventually lead to you saving considerably by the thousands when it comes to loan fees and interests.

How do I get the best car loan?


Before looking for lenders and financiers that will let you borrow the funds you need, understand that a car loan is very much like a personal loan. The only difference is that the fund is intended to pay for the purchase of a used or new car. The loan will also need to get repaid over a specific term you will agree with the lender. In most cases, this could be around 1-7 years.

It’s common for most borrowers to first shop around for potential loans and lenders before choosing a car. This allows them to know ahead of time what range is going to be, making it easier to barrow down their potential car options in the process. To get the best loan offers, shopping around is highly recommended. This allows you to have a better negotiating edge. When you shop for loans ahead of time you can expect to:

  • Know exactly how much your budget is going to be
  • Know how much your loan interest is
  • Know what the repayments will be
Need a loan today? Apply online!

What are car loan interest rates?


When you borrow money to pay for a vehicle purchase, you will not only need to pay for the principal amount when your term starts. You will also need to pay the interest rate or fees involved for the amount you borrowed. Understanding the interest rates and how it is charged will help you ascertain which loan provider will be most competitive.

To determine how much the loan rate, you first need to determine whether the interest rate is fixed or variable.

Fixed interest rate
When you take out a car loan with a fixed interest rate, the rate will not change for the entire duration of your loan. The same is true for your repayment amount. Many people would prefer this setup since this will already know ahead of time what their specific repayments will be for the entire loan term since it will remain the same. This is also commonly offered by car dealerships to their clients.

Variable interest rate
When taking out a loan with a variable interest rate, expect your loan repayments to increase or decrease depending on how the interest rate swings. Expect to pay higher when the interest rates increase. However, if the interest rate decreases, the repayments will be more affordable as well. Most of the people that go for a loan with variable interest do so because it gives them the chance to pay off the loan earlier without any early exit fee.

How is a car interest loan charged?


The interest rate for a car loan should be easy enough to understand as it is no different than the interest rate you’d be subjected to if you are taking out any loan. The interest rate is going to have a considerable effect on how much your repayments are going to be. However, it is just one of the many components that will figure into the final loan costs you need to cover. Aside from the interest rate, your car loan will also involve:

  • Loan fees, both ongoing and upfront
  • The principal or the loan amount
  • The deposit down, if you are making one
  • The term of the car loan or the length of time you will be paying off the loan

Still, despite all these components, the interest rate is arguably the most important. A good interest rate is what all borrowers aim for since this can make a whole lot of difference in how much the loan is really going to cost. In many cases, the interest rate you get can translate to thousands of dollars of difference on what your final repayment costs are going to be.

Calculating your loan


It’s for this reason that borrowers are encouraged to take the time to know what the potential loan costs are going to be before heading to the dealership. Unfortunately, calculating what your repayments are going to be manually is not easy. The figures involved can be quite complicated and manually doing the task is only likely to result in human error. Today, you can easily access the websites of the financial institutions and lenders you’re interested in applying for a loan at and use their own loan calculator to determine what the costs involved are going to be.

Loan calculators are easy enough to use too. All you need to do is enter your loan details such as the loan term, interest rate, principal amount as well as how frequent or less you’re going to make the repayments and you’ll get a good idea of what the costs are going to be. With the resulting number, it will be easier to decide whether the loan will be affordable enough for you or not— and in the event that the numbers are way too expensive for you, it gives you the chance to tweak the loan amount to even look for other potential lenders that can offer you a better, more reasonable rate.