Aussie Car Loan Review

Finance your dream car with Aussie and take advantage of the experience of one of Australia's largest mortgage brokers.

An Aussie Car Loan can help you buy your dream car or even the car that you need to travel from one place to another. It's a flexible loan and can be used to buy a new or used caravan, trailer, motorcycle, scooter or boat, and the application can be completed in 15 minutes.

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$199

Application Fee

From 12.99% (fixed)

Interest Rate (p.a.)

13.94%

Comparison Rate (p.a.)

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Details

Product NameAussie Car Loan
Interest Rate (p.a.)From 12.99% (fixed)
Comparison Rate (p.a.)13.94%
Interest Rate TypeFixed
Min Loan Amount$3,000

Things to consider

The Aussie Car Loan is a flexible financing option for your next new or used car. You can even bundle your loan with other debts to consolidate and pay them off in one neat package. It is an unsecured loan so your assets are not used for security if you default on the loan, while the fixed rate means your repayments are set for the whole loan term.
Once you have bought your car it's possible to get your comprehensive car insurance through Aussie as well.

Features of the Aussie Car Loan

As mentioned, the Aussie Car Loan is comparatively flexible compared to other car loans. Here's what you can expect from this loan.

  • Loan amount. The minimum amount of loan offered by Aussie Car Loans is $3,000 and the maximum amount that you can borrow depends on your income and ability to manage your repayments.
  • Loan term. The term of loan can range from 1 year to 5 years, giving you the ability to decide on a term that suits you.
  • Flexible repayments. Repayments can be made weekly, fortnightly or monthly by direct debit. This gives you the ability to tailor repayments to what suits your budget.
  • Interest rate. This loan features a competitive fixed rate, currently 12.99% p.a. for the life of the loan.
  • Optional extras. The Aussie Car Loan gives you some options which you can use to make your loan suit you better. If you happen to run into extra money, for example, you can put this towards your loan as a lump sum payment. You may also be able to increase your loan amount, although this is subject to Aussie's lending criteria.

Fees and charges

  • Establishment fee. An establishment fee of $199 is charged for this loan. This amount needs to be paid only once at the time when the loan amount is received.
  • Monthly administration fee. An administration fee of $10 applies and needs to be paid every month.
  • Early termination fee. If you decide to pay your loan earlier than the fixed term or you want to prepay your loan, you'll need to pay an early termination fee. The amount depends on how much you still owe and the time left your term.

How you can apply

If you meet the above criteria and are interested in applying for the Aussie Car Loan, you can do so by clicking "Go to Site". Before you do so, you need to meet the following eligibility criteria.

You must:

  • Be over 18 years of age
  • Be an Australian permanent resident
  • Have consistent paid employment, be working at present and have an annual gross income of above $24,000
  • Not have any defaults on loans or credit cards within the last five years
  • Not have filed for bankruptcy within the last seven years
  • Be out of your probationary period at your work

You'll need to have the following documents on hand:

  • Your current address details as well as your previous address details if you have moved within the last three years
  • Details of your income, savings, expenditure and assets.
  • Your employment details including your employer's address and contact information

Make sure you go through the terms and conditions of the Aussie Car Loan and also understand all the features of this loan before you submit your application.

Remember to always compare car loan options thoroughly before submitting an application in order to find the best possible financial solution for your circumstances.

Compare car loan providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Credit Concierge Car Loan
From 3.35% (fixed)
4.41%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
CarClarity Car Loan
From 3.35% (fixed)
4.95%
$10,000
1 to 7 years
$356
$8.25
You'll receive a fixed rate from 3.35% p.a.
Get access to more than 30 lenders to finance a new or used car for personal or corporate use. Borrow up to $250,000 with terms from 1 to 7 years.
Heritage Bank Car Loan
4.89% (fixed)
5.53%
$5,000
1 to 7 years
$200
$5
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
RACQ Bank Car Loan Special
5.49% (fixed)
6.16%
$3,000
Up to 7 years
$395
$0
You'll receive a fixed rate of 5.49% p.a.
Borrow up to $60,000 for a new or used car and get a range of membership benefits.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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12 Comments

    Default Gravatar
    Dravamp
    May 11, 2016

    I have been working at my job for 10 months on a casual basis. I am looking to purchase a used car for 8,000 who can I get approval through.

      Avatarfinder Customer Care
      Elizabeth
      May 11, 2016

      Hi Dravamp,

      Aussie may consider you for a loan if you’re “currently earning a salary with an annual gross income of more than $24,000 or in regular paid employment where you earn an annual gross income of more than $24,000”. If you meet this criteria, as well as the criteria outlined above, then you can apply.

      I hope this has helped.

      Thanks,

      Elizabeth

    Default Gravatar
    Daryn
    December 14, 2015

    I have been previously bankrupt in 2007. I have been self employed as a Taxi driver for the past ten years and have a $4000 deposit for a 2014 Hyundai I20 selling at $12990. Do you think I will get approved for a loan?

      Avatarfinder Customer Care
      Elizabeth
      December 15, 2015

      Hi Daryn,

      If your bankruptcy is no longer listed on your credit file you may be eligible for a loan, but you will need to get in contact with Aussie to confirm your eligibility.

      You can also read our guide on available bankrupt loans and how can borrowing as a current or discharged bankrupt works.

      Before applying for a loan, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,

      Elizabeth

    Default Gravatar
    Skye
    April 30, 2015

    I’m on single parenting payments and also am casually employed with guaranteed amount of hours per fortnight, would I be eligible for a car loan ?

      Avatarfinder Customer Care
      Elizabeth
      April 30, 2015

      Hi Skye,

      Thanks for your question.

      In order to be eligible for this loan you need to be in consistent paid employment and be earning over $24,000 per year. You can’t be in probation in your role, you can’t have any defaults on loans or credit cards within the last five years and you can’t have filed for bankruptcy within the last seven years.

      If you meet this criteria you will be eligible to apply and Aussie will determine your ability to repay your loan when deciding whether to approve you.

      I hope this has helped.

      Thanks,

      Elizabeth

    Default Gravatar
    Syed
    April 17, 2015

    I am on 489 visa but with consistent paid employment, do I eligible for car loan.

      Avatarfinder Customer Care
      Matt
      April 20, 2015

      Hi Syed,

      Thanks for your comment. From what I understand 489 Visas are handled on a case by case matter.

      Please get in touch with a lender directly to discuss eligibility.

      Thanks
      Cheers
      Matt

    Default Gravatar
    Matt
    December 10, 2014

    Hi there, I’m a casual employee and I applied for a $16, 000 loan with another finance company and I’ve been approved for $15, 000 n they say I can’t get the car I really want (Toyota aurion 2008) coz its “2 high risk” & I MUST get a 2012 car n it has 2 be bought from a dealership. . I’m not 2 sure if I should take the offer but im scared of not getting approved somewhere else.. I’ve read through ur site n u’s seem more trust worthy n more flexible 2 my needs & I want 2 go with Aussie.. if I apply with u’s, will this be bad for my record thing?

      Avatarfinder Customer Care
      Shirley
      December 10, 2014

      Hi Matt,

      Thanks for your question.

      It depends on when you applied for your last car loan. As a general rule of thumb, you should wait about 3-6 months before you apply for another one.

      Please note that if you refuse this current offer, there is the risk that Aussie may not offer you the loan amount that you’d like or accept your application. You might want to get in touch with them directly to discuss your options.

      Cheers,
      Shirley

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