This calculator produces a schedule displaying the monthly breakdown of payments between principal and interest for assets financed under a hire purchase contract. The interest is calculated under the actuarial method to comply with Australian Taxation Office guidelines which don’t permit using the rule of 78. The calculator can equally be used for a finance lease.
The Monthly Hire Purchase Amortisation Calculator is only available to our members.
Please enter your username and password below to gain access.
Click here to become a member.
