No Payout Penalties (Retained Interest) Savings Calculator

Find out how much you can save with no payout penalties (0% retained interest) through Stratton Finance. 

"Residual Value"

A lump sum owed to the financier at the end of a loan's term, expressed either as a dollar value or a percentage of the amount borrowed. If you are unsure whether you require a residual, leave this value as 0%.

* Loan amount:

* Term (length) of loan:

2 years 3 years 4 years 5 years

Residual / balloon (percentage):

%

Residual / balloon (amount):

* Interest rate:

7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00% 11.50% 12.00%

"Effective Interest Rate"

When you pay a retained interest payout penalty, it is essentially the same as paying a once-off fee hidden in your payout figure. This increases the effective interest rate of your loan.

We calculate the effective interest rate shown above by generating a Comparison Rate for a loan based on the amount to finance, residual and interest rate you entered, taken over a loan term equal to the month you pay out, and combined with a discharge fee equal to the applicable retained interest penalty.

Calculator Results:

If you paid out your finance after

1 month 6 months 12 months 18 months

:

Stratton Finance

Charging no retained interest payout penalty:

Your total payout would be:

"Average" lender

Charging a 50% retained interest payout penalty:

Your total payout would be:

Which includes a payout penalty of:

Making the loan's effective interest rate: %!

"Worst-case" lender

Charging a 100% retained interest payout penalty:

Your total payout would be:

Which includes a payout penalty of:

Making the loan's effective interest rate: %!

Your scenario

Charging a retained interest payout penalty:

Your total payout would be:

Which includes a payout penalty of:

Making the loan's effective interest rate: %!

So in this case Stratton Finance can save you .

Do you want to calculate a payout penalty using a specific retained interest percentage? Click here.

Disclaimer: While we make every attempt to give you the best possible tools and information, Stratton Finance Pty Ltd, its agents, employees and accredited lenders will accept no responsibility for any loss that may arise.

Want to know more?

Most people are not aware that they will be charged "retained interest" - also known as a payout penalty - if they payout their business-use / commercial car finance early.

You can find a full explanation of retained interest and payout penalties - including how they are calculated and how you can avoid them - in our article "Retained Interest & Payout Penalties Explained".

Stratton Finance has access to an exclusive financier that charges no retained interest, which can help you avoid payout penalties and potentially save thousands of dollars.