True Interest Rate Calculator

Uncover the real rate you’re paying. Our True Interest Rate Calculator shows you what the quoted rate often hides – the real cost after fees.
This tool gives you a clear picture of your total repayments, so you can confidently compare quotes, not just percentages. Because it’s not just about the rate, it’s about what you’ll actually pay each month.

Loan Amount

Monthly Repayments

Loan term (months)

Residual/balloon

Check this box to show payments in arrears

Your estimated interest rate

8.6%

See if we can beat that

You might be glad you did.
*Obligation Free.

How to use the Finlease
True Interest Rate Calculator

Not all rates are what they seem and the real cost of a loan isn’t the rate on paper, it’s what you actually repay each month.
Here’s how to get the truth behind your quote:

Gather your quote info

Grab the finance quote you’ve been given and check for:

Total loan amount
Monthly repayment
Balloon payment (if any)
Loan term (in months or years)
Any ongoing or monthly fees

Heads up: A low monthly repayment can look great, but if it’s hiding a big balloon or sneaky monthly fees, the true cost can be far higher than you think.

Enter the details into our calculator

Head to the calculator and plug in:

Loan amount
Term
Balloon (if any)
Monthly repayment

💡 Tip: Make sure you include any ongoing fees (e.g. $10/month admin fee) — these add up and affect the real rate.

See the True Interest Rate

Our calculator runs the numbers behind the scenes and shows you the real interest rate you're paying including the balloon and fees. This is a more accurate number of the true rate and the actual monthly repayment is the number to compare.

Still not sure?

If the quote feels off or you’re not sure how to enter it — send it to us.
We’ll check it for you and explain what’s going on. No pressure, just real help.

📌 Bookmark this tool. Use it every time you get a quote.
💬 And if something smells off? You know who to call.

35 Years. 10,000+ Clients
Read real reviews from businesses who keep coming back

Renee

I called with a quote I had received elsewhere as I felt something was wrong. Immediately Finlease made me feel at ease and I knew we were in safe hands. Within a few hours we had our approval. Had it of not been the 20th of December where most businesses close down for the end of the year, we would of had our new equipment ready for delivery by the next day. No business downtime.

– Google

Z. Maney

Most important thing for small business owners is the rate offered. These guys offered an amazing rate for finance. The service is impeccable. I needed my funds to clear by a Sunday and they made sure it would happen for me by the requested date and time.

– ProductReview

Andrew

Finlease have been a pleasure to deal with, from the outset with a quotation to documentation and then the settlement. We could not rate them high enough, this level of service is becoming rare in the day and age. An added bonus was an exceptional rate they were able to organise. We will be definitely back for the next round of vehicle purchases.

– ProductReview

MK Trucking:

A Finlease Client Story

Specialising in machinery and military equipment transport across Australia, MK Trucking was founded seven years ago by brothers Mark and Mick Kaandorp.

“Mick was already transporting equipment for someone else and had to find his own freight,” explained Mark. “I was working on gas plants in Queensland when Mick suggested we buy our own equipment and start our own business.”

Starting with just one truck—a Freightliner Argosy—and a drop deck trailer, the business has grown steadily. Their fleet now includes 10 trucks with two new Kenworths—a T909 and a Legend SAR—on the way.

With plans to take on more road train work, Mark shared: “We’ve been passing on freight to Perth and Darwin, but with the new 909, we’re hoping to handle more of it ourselves.”

The Kaandorp brothers’ approach to business is rooted in excellence and care. “We aren’t the cheapest, but we are very good at what we do,” said Mark. “Our customers trust us because we take great care not to damage their machinery. We take a lot of pride in that.”

MK Trucking partnered with Finlease five years ago, relying on equipment finance broker Brady Talbot. Mark recalled: “Brady told me, ‘Get a quote from me for your next loan.’ He’s looked after me from the start and continues to do so.”

Switching to Finlease was a smart move for Mark, who described himself as a “numbers and cents guy.” “If I’m saving money, I’m switching. Brady even connected me with an insurance broker, and when I switched, my fleet was half the size, but I saved $60,000 instantly.”

Finlease’s service has simplified their finance process. “If I want to buy something, I just text Brady a photo and tell him what I need. He always gets back to me the same day. They’ve never knocked back a request,” Mark added. “Dealing with Finlease is always easy.”

With two new prime movers and a 48ft ramp trailer on the way, the Kaandorp brothers are set for continued growth.

Take control of your financial future with confidence

Your finance partner, no bots, no hold music.

Standing with you through the wins, the worries, and whatever comes next.

Your Broker. Your Corner.

We don’t just take calls. We make things happen, always in your best interest.

Anytime Access, We Don't Clock Off.

You don’t work 9-5, and neither do we. Early, late, weekends, we’re here.

Transparent Finance. No Surprises.

What you see is what you get. Clear terms. Real people. Trust in every loan.

Strategic Finance. Faster Results.

35+ years of experience, 40+ lenders, and fast approvals, way beyond the banks.

Built on trust, backed by experience:
Finlease’s promise of personalised, long-term support

What to Expect:
The Lending Process

Initial Consultation

We gather essential info about your needs, providing tailored guidance to meet your objectives.

Application Submission

We lodge your application with the lender that best fits your needs.

Lender Approval

We typically secure an approval for your application from the selected lender within 24-48 hours.

Document Signing

We schedule a convenient time for document signing.

Settlement

Your loan settles, enabling you to take possession of your asset.

Transparency

We provide clear and honest information about your finance options. We break down all the costs, so there are no hidden fees or surprises.

Trustworthiness

With years of experience in the industry, we’ve built a reputation for integrity and reliability. Our goal is to help you succeed, and that starts with providing you the best financial tools and advice.

Empowerment

Knowledge is power. Our calculator is here to educate you about the true cost of your finance options, ensuring you make decisions that are best for your business.

Build Bigger. Build Faster. Build Smarter.

Get your projects rolling with a hassle-free finance process. Solutions tailored to your project timelines and cash flow.