How the calculator works.

A standard amortising repayment using the principal-and-interest formula. The monthly figure is the level payment that fully repays the amount over the term at the chosen rate. The weekly figure is that monthly payment multiplied by twelve and divided by fifty-two. Total interest is the sum of all payments minus the amount financed.

Amount runs $5,000 to $500,000 because that band covers most New Zealand equipment purchases from a single machine to a full production line. Term runs 6 to 60 months because that is where equipment facilities settle, with the ceiling usually set by the age the machine reaches at the end. Rate runs 8% to 30% to span asset-secured pricing at the low end through unsecured business lending at the upper end.

Lenders price on a credit assessment covering trading history, bank-statement cash flow, the machine itself, the security position, the sector and the director profile. The calculator has none of that. It returns an arithmetic answer from the inputs shown, which is useful for testing a purchase before any application. The actual offer can only come from the lender after its assessment.

They are observed across published New Zealand lender pricing and Reserve Bank of New Zealand business-lending statistics, and they are described as bands rather than as available rates because that is what they are. Each band-bearing page carries its own last-reviewed date, and the bands are revised when the underlying picture moves.

Because a repayment calculation does not need any. Nothing is submitted, no credit file is touched, and no contact form exists anywhere on this site. The handoff to Prospa happens only when the "See if you qualify" button is used, and the only thing on that URL is a partner tracking parameter rather than anything about the reader.

A level payment is the standard structure across New Zealand equipment finance, hire purchase and business term lending. Revolving facilities such as an overdraft or a line of credit charge interest only on the drawn balance and are a different shape entirely; the calculator is built for the amortising products this site covers and does not model revolving ones.

They are not included, deliberately. Establishment fees, documentation fees, PPSR registration, legal costs on a secured facility and break costs on early settlement are all real. The calculator is rate-only so the effect of the rate can be seen in isolation, and the fees are described separately rather than folded into a figure that would then hide them.

The weekly and monthly payments rise, and the total interest rises more than proportionally because interest compounds across the term. Moving from 9% to 13% on a $95,000 facility over 48 months is in the region of $32 a week and roughly $6,600 across the full term, on those assumptions. Both figures update on the calculator as the slider moves.

Yes. One component is embedded on the home page, on the three calculator pages, on every machine and sector page, and inside body sections where a worked example benefits from it. The pre-filled defaults change to suit the page; the arithmetic is identical everywhere.

The calculation itself does not change, because amortisation maths is settled. What is reviewed is the default amount, term and rate on each page, and the indicative bands quoted around them. Those are revised when the New Zealand market picture moves rather than on a fixed schedule, and the review date is shown on the page.