Car Loan Finder™ – Compare car loans and motor finance

Find out how to drive away with a better rate.

Before you sign on the dotted line with the car loan your bank is offering, compare your options from a wide range of brands. There are some incredibly cheap car loans out there, offered by lenders you might otherwise never have heard of that could save you money. The key to finding cheap car loans is to be sure you choose the right loan type to suit your financial needs. It's also important to check what other terms and conditions might be attached to your car loan, as hidden fees and charges could end up costing you far more than you expect.

IMB New Car Loan

IMB New Car Loan

Apply for IMB New Car Loan and enjoy a great low fixed interest rate with no ongoing fees.

  • Interest Rate From: 6.34% p.a.
  • Comparison Rate: 6.62% p.a.
  • Interest Rate Type: Fixed
  • Application Fee: $199
  • Minimum Loan Term: 1 year
  • Maximum Loan Term: 7 year
  • Minimum Loan Amount: $2,000
  • Maximum Loan Amount: $75,000

Car Loans you can apply for right now

Rates last updated September 23rd, 2016
$
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
IMB New Car Loan
This fixed rate new car loans up to 2 years old features no early repayment penalties
From 6.34% (fixed) 6.62% $2,000 1 to 7 years $199 Go to site More
CUA Fixed Rate Car Loan
A competitive car loan that offers flexible repayment options and no account keeping fees.
From 7.99% (fixed) 8.29% $15,000 1 to 7 years $120 Go to site More
Beyond Bank Low Rate Car Loan
A great rate for cars under 2 years old.
From 5.69% (fixed) 5.97% $25,000 1 to 7 years $175 Go to site More
RACV Car Loans
Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.
From 6.2% (fixed) 6.73% $15,000 1 to 7 years $378 Go to site More
Latitude Personal Loan (Secured)
Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.
From 12.99% (fixed) 14.2% $3,000 2 to 7 years $250 (Loans under $4000 - $140) Go to site More
Natloans Car Loans
Get access to a range of competitive lenders and loans. Bad credit options available.
From 4.4% (fixed) 5.3% $5,000 7 years $375 Go to site More
RACQ New Car Loan
A low fixed rate loan from RACQ suitable for buying a new car.
From 6.2% (fixed) 6.73% $15,000 1 to 7 years $378 Go to site More
IMB Secured Personal Loan
A secured loan from IMB with flexible repayment features
From 7.39% (fixed) 7.67% $2,000 1 to 5 years $199 Go to site More
NRMA Car Loan
Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees.
From 6.2% (fixed) 6.73% $15,000 1 to 7 years $378 Go to site More
St.George Secured Personal Loan - Fixed Rate
Get behind the wheel of your perfect car with a competitive interest rate from St.George. Get an application response within 60 seconds.
From 8.49% (fixed) 9.39% $3,000 1 to 5 years $195 Go to site More
St.George Secured Personal Loan - Variable Rate
A lower interest rate personal loan with flexible repayment options.
From 12.74% (variable) 13.62% $3,000 1 to 7 years $195 Go to site More
Bank of Melbourne Secured Car Loan
A low rate personal loan from Bank of Melbourne with variable or fixed option.
From 8.49% (fixed) 9.39% $3,000 1 to 5 years $195 Go to site More
BankSA Fixed Rate Car Loan
Apply for a fixed rate car loan from multi-award winning BankSA.
From 8.49% (fixed) 9.39% $3,000 1 to 5 years $195 Go to site More
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The finder.com.au list of car loan comparisons

Compare the features of the car loans below before applying.

Car LoanInterest Rate
5.69% p.a.
6.2% p.a.
6.2% p.a.

What type of car are you looking for?

The type of car you want to buy plays a part in the type of car loan you get. It's also important to take into account the age of the vehicle, as this can also determine the interest rate you end up paying on your loan.

What are the different types of car loans I can apply for?

There are a wide variety of car financing options out there, and there are features that differentiate those options. To help you narrow down the right one for you, here are some of the features and loans that are available:

  • A variable or fixed rate loan

Car loans, secured loans, unsecured personal loans and other types of vehicle financing will come with either variable or fixed interest rates.

A variable rate will mean the interest rate you pay on your loan amount may fluctuate according to the market. If the rates go up it's likely your repayments will also go up, and if market rates drop it's likely your rate will drop as well. A variable loan can be quite flexible, with extra repayments and redraw facilities usually available, but it can also be harder to budget for fluctuating repayments.

A fixed rate loan means your rate is locked in for the duration of the loan. Your repayments will stay the same each month, making for easy budgeting. Fixed interest rates tend to be higher than variable rates and fixed rate loans don't offer as much flexibility with repayments.

  • A secured or unsecured loan

With a secured car loan, the vehicle you buy is used as collateral security over the loan. The lender has the right to repossess your vehicle if you default on your loan. As this type of loan is less of a risk to the lender, the rates for secured loans will usually be lower.

With unsecured car loans, the lender doesn't use any of your assets as security for the loan. This means they have no asset to repossess if you stop making your loan repayments. These loans come with higher interest rates but you also have more flexibility with the way you use your loan.

  • Chattel mortgage or car hire purchase

If you're self-employed and purchasing a car primarily for business use, you can consider a chattel mortgage. The lender you apply with take out a "mortgage" over your car and you make monthly payments towards the vehicle. Once it is paid in full the mortgage is removed and you own the car outright. Don't forget the 2015 Australian Government $20,000 tax break.

If you're self employed, you also have the option of financing a car using a car hire purchase option. Each repayments made on a car hire purchase agreement reduce the balance owing on the purchase price of the car.

If you're a self-employed borrower, it's important you discuss the different car loan and financing options with an accountant before making a decision. There are multiple cash flow and tax implications that may apply with different types of finance, so it's best to discuss which option will be best suited to your business needs.

  • Novated lease or car lease

A novated lease can be an option for employees who are able to make an arrangement with their employers. Essentially, the lender purchases the car and your employer makes the lease payments on the vehicle out of your before-tax salary. This can potentially help reduce your taxable income, resulting in you paying less tax overall. At the end of the novated lease term you have the option of purchasing the vehicle outright for an agreed sum, or giving that one back and upgrading to a different car. This involves you entering into a new lease agreement.

For the self-employed, a car lease can also be used to buy a car for business purposes. The lender purchases the vehicle and you make regular lease payments until the end of the agreement. A commercial car lease may give you the option to purchase the car at the end of the lease term at a reduced price or you can choose to give the car back and enter into a new lease agreement for a different vehicle.

Car on the beach


What you'll need to keep in mind about your next car loan

  • Be mindful of overshooting your budget.
    Buying a car can be exciting, but it’s important that you don't apply for a loan that you can't afford to repay. If this happens, not only do you stand to lose your car – your credit rating will take a hit as well.
  • Don't sign onto every add-on offered.
    A number of lenders sell loan protection insurance as an add-on, along with products like mechanical breakdown cover and gap cover. Some of these add-ons don’t provide great value for money, so take the time to consider if they’re really helpful.
  • Long term loans. While loans with extended repayment periods might offer lower monthly payments, bear in mind that you’ll have to pay interest for much longer. If you can afford a short-term loan, it’s best that you avoid a long-term alternative.
  • Cars depreciate in value. Quickly.
    When you take out a home loan, your home will in all likelihood increase in value over time. With a car, however, the reverse is true. This is why you can’t really think of selling your car to pay off your loan one or two years down the line.

Things you need to know and watch out for

Before you apply for any loan, it's always a good idea to check as much as you can about the offer you're getting. Here are some things you need to look for before you proceed.

    • Your applied interest rate

The interest rate charged on your car loan will play a part in how much your repayments will be. Always know what rate you're being offered and take the time to compare other lenders to be sure the offer is competitive.

    • Your actual loan term

Car loans can be set over loan terms as short as one year or up to as long as seven years. Choosing a shorter loan term can reduce the amount of interest you pay on your loan overall and get your debts paid off much faster, but will increase your monthly payment amount.

Likewise, opting for a longer loan term can reduce your monthly payments but will increase the amount of interest you pay in total and take you longer to pay off your debt. Choose a loan term that suits your financial goals and your income.

    • Budget for your minimum required repayments

Ask what your minimum repayment amounts will be and check that this is affordable on your income and budget before you proceed.

    • Know if you can make extra payments

Ask if you're able to make extra repayments off your loan at any time electronically or by phone banking. You might also want to check whether you're able to nominate to make extra payments as part of your regular repayment agreement. For example, you might decide to pay an extra $50 per fortnight on top of the minimum amount due and have this total amount direct debited from your account each fortnight.

    • Will you pay monthly account fees?

There are lenders that charge a monthly account fee or administration fee on their car loans. This can range anywhere from $5 per month up to $15 per month, depending on the type of car loan you're applying for. You will need to pay this amount in addition to your minimum loan repayments, which can increase how much you pay over the term of the loan.

    • Budget for establishment fees

Many lenders will charge an establishment fee to cover their costs of creating your loan documentation. This might be as low as $100 but can be as high as $600 or more. If you proceed with a loan application with a finance person through the car dealership, you might even be charged brokerage fees on top of the establishment fees, raising your costs even more.

    • Do you get charged early repayment fees?

Some car loans will charge you a fee if you repay any or all of your loan before the agreed loan term date. This is most common with fixed rate car loans, although it can also be charged on other loan types as well. If you intend to make extra repayments on your debt to pay it off sooner, check how much you might be charged. Ideally, you want a loan that doesn't penalise you for paying off your debts.

    • Will your lender require Insurance on your vehicle

As the lender will be using your car as collateral security for your loan, they may insist that the vehicle is properly insured at all times until the loan is fully repaid.


When the cheapest interest rate isn't the cheapest car loan

When most people go hunting for the cheapest car loan, they immediately look for a low interest rate and believe they're getting a great deal. Unfortunately, it is very possible for the car loan with the cheapest rate to end up costing you more over the term of the loan if you're not careful.

Case Study John

John is buying a car for $35,000. He is applying for a car loan of just $25,000 after the trade-in of his old vehicle. He's shopped around and found a cheap car loan with an interest rate of 8.5% with Bank A. The rate offered by Bank B was at 9.0%, so John overlooked this one for being too high. Bank A's offer is the lowest rate he could find, so he proceeds with his loan application.

DescriptionBank ABank B
Loan Amount$25,000$25,000
Interest Rate8.5%9.0%
Loan Term5 years5 years
Monthly Account Fee$10Nil
Monthly Repayment$522.91 (includes monthly fee)$518.96
Establishment Fee$600$100
Early Repayment Fee$550Nil
Total Amount Paid$32,524.80$31,237.53

Unfortunately, John didn't look into what other fees and charges might apply to his loan. John already knew he planned to make extra payments off his car loan each month, but he didn't take into account the early repayment fee he would be charged for doing this. He also didn't check how much he'd be paying on establishment fees or monthly account fees. Those additional fees alter the amount he pays over the term of the loan so that cheap rate loan ended up costing him an extra $1,287.27 overall. In this case study, the loan with the slightly higher rate but far better loan terms ends up being the cheaper option overall.


Some of the ways you could be getting lower interest rates

Regardless of the interest rate you see advertised on your local bank branch's window, it's always possible to get a lower interest rate if you're willing to negotiate. Here are some tips for reducing the interest rate you pay with various lenders.

  • Always shop around before committing to the first car you see

If you take the time to shop around on a car loan comparison site, you'll get a strong idea of what interest rates are available with a range of lenders. This gives you plenty of ammunition when it comes to negotiating with your own lender.

  • See if you can negotiate a price with the seller

If you're keen to stay with your own bank or credit union for your car loan needs, take your comparison shopping information with you when you make your enquiries. This will encourage the lending officer to see if there is any room to take a few extra points off the interest rate they offer you.

  • You could take out car dealership finance

When you apply for a loan through the finance officer at a car dealership, you have lots of room to negotiate on rates. This is because the dealership often receives their loans at discounted rates, leaving them some extra room to bump up the rate you pay. That margin between what they pay to the lender and you pay to them forms their 'trail' commission. In other words, every time you make a payment, some of it goes towards paying interest to the lender and some goes to paying commission to the car dealership. Haggle and negotiate on the rates you're offered through the car dealership. They usually have around 2% that they can drop from the initial rate they may have quoted you.

  • Can you get a package deal?

Some banks will offer a discount off their advertised interest rates if you also have other banking products with them. If you already have a mortgage, a credit card and a transaction account with one bank, ask if they will give you a discount on your car loan if you add that to your package.


Ways you can reduce your monthly repayments

It's always possible to reduce the payments you make on your car loan each month. The key is to ensure that you're not paying more than you really should over the entire term of the loan. Here are some ways you can reduce your minimum monthly payments.

  • Lower the interest rate on your loan

By reducing your interest rate even a little, you should end up paying less on your monthly payments. This is one of the primary reasons why you should always take the time to check comparison sites before you apply for any type of finance.

  • Lower the initial amount you borrow

It might sound obvious, but it's true. If you can borrow even a little bit less on your loan amount you'll end up paying less on your monthly repayments. Borrowing $5,000 over a five-year loan term adds up to $1,000 per year extra you have to pay back, plus the interest charged on that amount as well. This adds up to approximately $90 per month out of your pocket. You can reduce the amount you need to borrow by offering a trade-in of your old vehicle or even paying a slightly larger deposit out of your savings. Each of these options will help to reduce your loan amount, which naturally keeps your monthly payments as low as possible.

  • Consider the option of a residual balloon payment

When you apply for a car loan that has a residual balloon payment remaining at the end of the term, you can drastically reduce your monthly repayments. For example, if you borrow $30,000 and you leave a $10,000 residual balloon payment to be paid at the end of the loan term, your repayments will be calculated based on the $20,000 to be repaid over five years, plus interest on the entire $30,000. While this might end up much easier on your budget for monthly repayments, it's always important to check that the balloon amount owing at the end is likely to be repaid and covered by the trade-in value of the vehicle after that time. Otherwise, you're likely to be stuck with a debt that is due immediately – unless you can refinance.

  • You could opt for a longer loan term

Another way to reduce your monthly repayments is to extend the loan term. When you choose a longer loan term, the amount you're required to pay each month is reduced. Unfortunately, the lender also gets to charge you interest on your debt for a longer period of time, so you could end up paying far more in interest over the term of the loan.


Case Study 2

Let's take this example of loan term on a $25,000 car loan.

DescriptionOption 1Option 2
Loan Amount$25,000$25,000
Interest Rate8.25%8.25%
Loan Term5 years7 years
Monthly Payment$509.91$392.78
Total Paid Over Loan Term$30,594.38$32,993.22

In this example, Option one has a higher monthly repayment, but you only end up paying $5,594.38 in interest over the term of that loan. By comparison, Option two allows you to pay $117.13 per month less on your monthly repayments. This will definitely make budgeting easier throughout the loan term, but you end up paying $7,993.22 in interest over the loan term. This is $2,398.84 more in interest charges you end up paying overall.


Things you will need for your application

new car loan application

Below is a checklist of some of the information and documentation you may need to supply for your car loan application.

  • Identification

You will need to supply some form of identification when you apply for a car loan to verify who you are. It might be enough to supply just your driver's license with some lenders, but others may also ask for additional information. This might mean supplying a birth certificate or a passport or Medicare card.

  • Income verification

When you apply for a loan you will need to provide some verification of how much you earn. This might be done by showing a couple of your recent payslips or your tax return documents or group certificates. Self-employed borrowers may need to provide tax assessment notices for the past two years, along with current profit and loss statements. Some lenders may also ask to see Business Activity Statements (BAS) for the past few quarters to further verify business revenue.

  • Employer

Your car loan application will include a section for you to input your employer's details. This will include your employer's contact information and the length of time you've been employed by that company. If you've only worked in your current job for a short time, the lender may want information about your employment history for the past three to five years to show that you've maintained a steady job over this time.

Some banks may want to see some type of evidence of your savings history in order to qualify for a loan. This can be done by providing the past few months' worth of bank statements showing your income and savings amounts.

  • Credit history

In order to be approved for most loans, lenders may want you to have a good credit history. If you're unsure what your credit history might look like, you may want to order a copy of your credit report to see if any defaults have been listed there. Of course, if you don't have any credit history at all yet, you might be able to show your ability to make payments on time by providing recent bills you've paid in the past few months. These might include phone bills, electricity bills or any other regular payments you need to make.


The loan approval process in Australia

girl-getting-keys-to-car

Getting your car loan approval might seem quick, but there are several stages your application needs to progress through before your money is released to the seller of the car.

Step One. To get the approval process started, you will need to fill out and sign an application form. This can be done in person at the bank branch or at the car dealership, or alternatively can be filled out using the lender's online application form on the website.

Step Two. Once your application has been received, it's reviewed by a credit officer. If everything is in order, you should receive your conditional approval almost immediately.

Step Three. The Final Approval stage is where the lender may request you to supply any documentation to support your application. This includes your identification, payslips or income verification, bank statements and any other pertinent information required.

Step Four. Once your final approval has been received, you'll be asked to sign your loan documentation. This is your agreement with the bank to repay the amount of money you're borrowing over a specified loan term at an agreed interest rate. When this has been done, the lender will release the money from the proceeds of your loan to the car's seller and you get to drive away in your new car.


Questions you may, or may not, have had about car loans

If you still haven't found what you are looking for, we're confident you'll find it below.

Can anyone apply for a car loan?

Yes, if you meet the eligibility requirements. As long as you are older than 18, you're a permanent resident of Australia and you can verify that you earn a steady income you should qualify.

How much can I borrow on a car loan?

The amount you're able to borrow is determined based on your income and current liabilities. There may also be minimum car loan amounts set by individual lenders. In most cases, the minimum amount you can apply for is usually about $5,000. The maximum is heavily dependent on your income and ability to meet your repayment obligations.

Can I get a pre-approval for a car loan?

Yes. A pre-approval is a great way to work out how much you can comfortably borrow and what your repayments will be before you head out car shopping.

How long does it take to get an approval?

The approval process for car loans is usually very quick. In most cases you should get a conditional approval in a couple of hours. You should receive your final approval on the next day after submitting your application.

Can I include the insurance and on-road costs in my loan amount?

Some lenders will allow you to include the costs of your car insurance premium and other costs associated with the purchase into your loan amount. Always ask to be sure this applies to your loan type.

Are there any types of cars I can't buy with my loan type?

Some lenders will place restrictions on the age of vehicles and even some restrictions on some makes and models of cars. If you're in doubt with the car you want to buy, take the time to ask your lender some questions about whether it will be suitable for them to use as security for your loan.

Do I need a deposit for a car loan?

Some lenders will allow you to borrow the entire purchase price of your car. This will depend heavily on the strength of your financial situation and your credit history.

How do I make payments off my loan?

Your repayments can be made automatically via direct debit on a weekly, fortnightly or monthly basis with most lenders. This is where an amount of money is debited from your regular transaction account each month to cover your payment. Some lenders will also allow you to make your payments via BPAY if you prefer.

Can I make extra repayments off my car loan?

This will depend entirely on the lender you choose and the type of car loan you want. Some loans will charge you an early repayment fee for making extra repayments. Others won't. It's always a good idea to check whether this fee will apply to your loan before you proceed with the application.

Most lenders will allow you to make additional repayments in a variety of ways. You can choose to make a payment directly into your loan account using BPAY. You can transfer funds electronically from your regular transaction account over to your loan account.

You can also nominate to have each payment taken out at an agreed amount as part of your direct debit agreement. For example, if your minimum repayment is $387.50 per month you might nominate to have your direct debit payments set to pay $400 per month instead.

How is the interest calculated on my loan?

Interest is calculated on your outstanding loan balance on a daily basis and charged to your account monthly in arrears.

Can I buy a car privately or do I have to buy through a dealer?

You are able to buy your car through a private seller if you wish. You will need to provide details about the car to the lender, such as registration number and vehicle identification number (VIN) for the loan to proceed.

Does applying for a car loan affect my credit report?

Any enquiries you make for any form of credit will be entered onto your credit report as an enquiry with that lender. If your application is declined and you end up submitting another application elsewhere, your report will show two enquiries.

I've got bad credit. Can I still apply for a car loan?

Many banks may decline a car loan application from a borrower with a bad credit history. However, there are some lenders out there willing to let you borrow money even with bad credit. You may want to discuss your application with a car finance specialist before you proceed. This will help you to locate the appropriate lenders to help with your situation and improve your chances of getting your loan approved. These loans will generally be secured against the car in the case of default.

Should I choose a balloon payment at the end of my car loan?

A balloon payment is a residual amount of money that needs to be repaid at the end of the loan term. This type of loan lets you reduce your monthly repayments throughout the term of the loan and then you need to pay off the lump sum amount still owing at the end. You might choose to sell the car to pay off the lump sum amount due or trade it in on another vehicle and refinance that residual amount into your new loan.

Will I still owe the bank money if they repossess my car?

In the event that you stop making your car loan repayments, the lender may choose to repossess your car. They will sell it in an attempt to get some of their money back along with covering any repossession fees they were charged. If the sale price of the car doesn't fully cover those costs or pay off your outstanding loan amount entirely, then you may still need to repay the bank for the remaining amounts owed.

Remember that a car loan can be a large financial commitment - so remember to do your due diligence and compare a wide range of options before applying

Beyond Bank Low Rate Car Loan "Special Offer"

A great rate for cars under 2 years old.

IMB New Car Loan

This fixed rate new car loans up to 2 years old features no early repayment penalties

CUA Fixed Rate Car Loan

A competitive car loan that offers flexible repayment options and no account keeping fees.

RACQ New Car Loan

A low fixed rate loan from RACQ suitable for buying a new car.

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22 Responses to Car Loan Finder™ – Compare car loans and motor finance

  1. Default Gravatar
    Azeema | December 10, 2015

    I am an Australian citizen living and working in Dubai. Can you please advise if any of the banks offer auto loans to non residents Australians as i would like to invest in a car as my son will be moving to Sydney and i will be visiting Sydney more often.

    • Staff
      Elizabeth | December 11, 2015

      Hi Azeema,

      I am currently unaware of any banks or Australian lenders who will lend to you unless you are currently residing in Australia. This is because if you default on any payments it’s difficult for them to pursue you to cover the costs of the loan. You may want to consider a lender in Dubai that will allow you to buy your car in Sydney.

      I’m sorry I couldn’t be of more assistance.

      Thanks,

      Elizabeth

  2. Default Gravatar
    Eduardo | October 26, 2015

    Visa student can apply for a loan car ?

    • Staff
      Elizabeth | October 26, 2015

      Hi Eduardo,

      Thanks for your question.

      There are a few lenders who might consider you for a loan – you can compare your options on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  3. Default Gravatar
    manjula | October 11, 2015

    hey there i would like to apply for $6000.for a car loan

    • Staff
      Elizabeth | October 12, 2015

      Hi Manjula,

      Thanks for your question.

      You can compare lenders using the table above, and once you’ve found a loan you want to apply for you can click ‘Go to Site’ to submit your application.

      I hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    Tammy | August 31, 2015

    Just want to know if you lend money to 417 visa holders migrating to 457? It’s for a vehicle loan?

    • Staff
      Elizabeth | August 31, 2015

      Hi Tammy,

      You’ve come through to finder.com.au, as a financial comparison service we don’t actually offer the loans ourselves. You can take a look at this page to see the lenders who consider temporary residents for a loan.

      I hope this has helped.

      Thanks,

      Elizabeth

  5. Default Gravatar
    desley | May 5, 2015

    Is there anywhere I can get a car loan of $15.000 on a disabled pension with no bankruptcy, bad debts etc

    • Staff
      Elizabeth | May 5, 2015

      Hi Desley,

      Thanks for your question.

      Some lenders will consider your disability support as a form of income, but you can compare loans available for those receiving the pension on this page. The page also details community financial assistance schemes that you might want to look into.

      I hope this has helped.

      Thanks,

      Elizabeth

  6. Default Gravatar
    aleisha | April 14, 2015

    Hi I am wanting to get a car loan but am on centrelink and finding it hard to get around with my childen can u help me??

    • Staff
      Elizabeth | April 15, 2015

      Hi Aleisha,

      Thanks for your question.

      You can take a look at loans available for people on Centrelink on this page, and you might also want to have a read of this page where it takes you through some no-interest loan scheme options.

      I hope this will help.

      Thanks,

      Elizabeth

  7. Default Gravatar
    anne | March 10, 2015

    Looking to get a cheap second hand car to tie me over for 6 months , I am self employed & need a low doc loan around $4,000 max , is there any low doc credit card companies I could use ? I plan to pay it back quickly . Or maybe a low doc car loan company that would lend a short term loan , any help would be appreciated
    thanks anne

    • Staff
      Shirley | March 11, 2015

      Hi Anne,

      Thanks for your question.

      Unfortunately at this current point we don’t compare low doc personal loans, though you find a list of alternatives on this page.

      You may want to approach one of the bigger banks, such as the big four or international banks (like HSBC and Citibank) to discuss your eligibility or options.

      Cheers,
      Shirley

  8. Default Gravatar
    Megan | March 5, 2015

    I’m not really interested in a short term loan as it’s not enough to get me a decent car. I need to be able to get myself a reliable car that I know won’t break down on me. I know I can pay a long term loan for a decent amount

    • Staff
      Shirley | March 6, 2015

      Hi Megan,

      Thanks for your question.

      Please note that finder.com.au is an online comparison service and is not a product issuer. If you would like to discuss your eligibility or options, please get in touch with a lender featured on this page.

      Cheers,
      Shirley

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    Megan | March 4, 2015

    Hi, I really want to update my car before it dies on me and I’m stuck. I’m a single mum with 2 children (1 special needs) I receive centerlink FTB A&B and also a carers pension. I know I can make repayments as a few years ago I got a car via U own rentals and payed back $185 per week for 18 months without missing a payment. I did it this way because at the time it was my only choice because I have a bad credit rating due to a bad time in a relationship. I need to find a lender who will give me a chance to prove myself

    • Staff
      Shirley | March 5, 2015

      Hi Megan,

      Thanks for your question.

      You may be interested in our comparison of short terms loans for a range of lenders who maybe able to assist.

      Please ensure that you read the requirements before applying.

      Cheers,
      Shirley

  10. Default Gravatar
    Amanda | February 27, 2015

    Do you have any lenders that will accept child support payments as a form of income?

    • Staff
      Shirley | February 27, 2015

      Hi Amanda,

      Thanks for your question.

      Please see this page for a list of lenders who accept Centrelink benefits (such as child support) as a form of income.

      Cheers,
      Shirley

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