Asset Finance Calculator

Calculate monthly installments, total finance cost, and balloon payment options for vehicles, equipment, and machinery across Africa.

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Asset Finance Calculator

Monthly Installment
Amount Financed
Total You Pay
Total Interest
Deposit Required
Balloon Payment
Effective Annual Rate
Asset finance (hire purchase) typically requires 10-30% deposit, especially for vehicles. The financed amount = Price - Deposit - Balloon. Balloon payments reduce monthly installments but create a large payment at the end. Make sure you can fund the balloon when it comes due.

Frequently Asked Questions

What is asset finance?
Asset finance (also called hire purchase or chattel mortgage) allows you to acquire a productive asset and pay for it over time, while using it to generate income. The asset typically serves as collateral. Common in Africa for commercial vehicles, boda bodas, agricultural tractors, medical equipment, and manufacturing machinery.
Who offers asset finance in Africa?
Major providers: Stanbic Bank, Standard Chartered (Kenya, Nigeria, Ghana), Equity Bank (Kenya), First National Bank (SA), Imperial Asset Finance (SA), CFAO Motors (West Africa), Toyota Financial Services. Specialized equipment lenders include Absa, Investec, and development finance institutions like AFC and AFDB.
What is a balloon payment?
A balloon payment is a large lump sum payment at the end of the finance term (typically 10-30% of the asset value). It reduces your monthly installments during the repayment period but creates a large obligation at maturity. Options at balloon date: pay it in full, refinance it, or trade in/sell the asset. Always plan for the balloon well in advance.