Equivalent Loan Rate
7.77% p.a.
This interest-free deal behaves roughly like a 7.77% interest loan once fees are included.
Interest Free Store Card Calculator
“Interest free” store cards often still charge monthly account fees, payment handling fees, and high finance charges if the balance is not cleared on time. This calculator helps users estimate the real cost and compare the deal to a normal loan.
Useful for store cards and retail finance offers from major Australian providers.
Deal details
36 months
Typical store card monthly fees in Australia are around $6-$12.
Fee charged each time you make a repayment.
Repayment frequency
Repayment mode
If you do not clear the balance in time
Estimate extra cost if a balance remains after the interest-free period.
Many store cards charge around 24%-29% p.a. once the promotion ends.
Leave blank to use estimated remaining balance from your planned repayments.
Your results
Minimum repayment to clear before promo ends
$83.33
per month
Paying $83.33 per month clears the balance in 36 months.
Total fees
$360.00
Total paid through card
$3,360.00
Total out-of-pocket
$3,360.00
Amount financed
$3,000.00
Estimated balance after promo
$0.00
Insight
This $3,000 purchase actually costs $3,360 once store card fees are included.
Cost breakdown
Purchase price$3,000.00
Total fees$360.00
Effective purchase price (including fees)$3,360.00
Deposit$0.00
Amount financed$3,000.00
Establishment fee$0.00
Monthly account fees$324.00
Payment handling fees$36.00
Total fees$360.00
Total paid through card$3,360.00
Total out-of-pocket$3,360.00
What this means
- Even though this deal is advertised as interest free, you will still pay $360.00 in fees.
- Once fees are included, this deal behaves roughly like a 7.77% p.a. interest loan.
- You need to repay at least $83.33 per month to clear the balance before the promotion ends.
- If the balance is not cleared in time, additional finance charges may apply.
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Results are estimates only and may differ from lender calculations. This information is general and not financial advice.
Interest Free Store Card Calculator FAQs
Not always. Some store cards and retail finance deals charge monthly account fees, setup fees, or payment handling fees. If you do not clear the balance by the end of the promo period, finance charges may also apply.
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Data Sources & Methodology
This calculator is an educational guide only.
It estimates the cost of interest free retail finance using user-entered fees and repayment assumptions.
Equivalent Loan Rate is estimated using a reducing-balance cashflow method rather than a simple fee percentage.
Inputs can include monthly account fees / credit card fees, payment handling fees, establishment fees, and billed finance charges after the promo period.
Actual terms, fees, and finance charges vary by provider and product.
Disclaimer
- Estimates only. Not financial advice or a credit quote.
- Equivalent Loan Rate is a comparison estimate and is not a regulated comparison rate.
- Confirm final fees, repayment obligations, and post-promo finance charges with your provider before committing.