In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Alex Car Loan

  • Avatar
Alex Bank Car Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Compare other options
Application Fee
$0
Interest Rate (p.a.)
From 8.45% (fixed)
Comparison Rate (p.a.)
8.45%
Max Loan Amount
$30,000

Summary

Apply for a personalised rate car loan from $2,100 to $30,000 with Alex.

  • This loan is no longer available. The information below has been left for existing customers and as a point of reference.
    You can also check Alex Bank Personal Loan here..

Could your next car purchase be funded with a car loan from Alex?

Alex's car loans have no recurring fees, no early payment fees, and no manual paperwork to fill out. Plus, you'll receive a personalised interest rate - so the better your credit score, the lower your rate. Rates range of between 8.45% p.a. and 16.49% p.a.Find out more about a car loan from Alex below.

Pros

  • 100% online
  • No monthly fees
  • No extra repayment or early payout fees

Cons

  • Late payment fee applies

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Alex Bank Car Loan
Interest Rate (p.a.) 8.45% to 16.49%
Comp. Rate (p.a.) 8.45% to 16.49%
Interest Rate Type Fixed
Min Loan Amount $2,100
Max Loan Amount $30,000

Main points to consider with an Alex car loan

Alex is a neobank lender that offers car loans from $2,100 to $30,000. Car loans from Alex are unsecured, with terms from 6 months to 5 years. You can apply in just 3 minutes with its 100% online application, and you'll usually receive a fast response. Alex personal loans only have a single upfront fee; there are no ongoing fees and no penalty charges for making extra repayments or repaying the loan early.

Rates on these loans range between 8.45% p.a. and 16.49% p.a. depending on the strength of your credit score. If you head to the lender's website you can get a rate estimate instantly that's based on your score, the amount of funding that you require, and your loan term.

Features of an Alex car loan

Alex Car Loans come with the following features:

  • Personalised rate. Rates for Alex loans are personalised, meaning that the higher your credit score, the lower your rate.
  • Loan amount. Funding amounts vary from $2,100 to $30,000.
  • Loan term. 6 months to 5 years.
  • Rate estimate. Receive a rate estimate online based on your loan amount, desired loan term and credit score before you apply.
  • Unsecured. You do not have to use your car as security when opting for a loan from Alex.
  • Fixed. This car loan has a fixed rate, so your repayments won't change over the life of the loan.
  • Online application. Apply 100% online with no manual paperwork.
  • Quick application. Applications take just three minutes to complete.
  • Flexible repayments. Depending on your preferences, you can repay your loan weekly, fortnightly or monthly.
  • No monthly fees. There are no monthly or any other ongoing fees with this loan.
  • No early repayment fees. Repay your loan early or make extra repayments penalty-free and save money over the life of the loan.

Fees and charges

You can expect the following fees and charges from an Alex personal loan:

  • Establishment fee. No establishment fee.
  • Interest rate. You'll receive a rate from 8.45% p.a. to 16.49% p.a. depending on your credit score. Comparison rates vary depending on loan term and loan amount.

How do I apply for an Alex car loan?

Applying for a car loan with Alex is quick and easy. Simply click "Go to site" to visit the lender's website directly and fill out a three-minute application. You will need to meet the following criteria in order to apply:

  • Be an Australian citizen or permanent resident
  • Be 18 years old or over

You will also need to have the following documentation to hand:

  • An Australian passport or driver's licence
  • Your Internet banking details

Alex's site warns that if you are currently receiving JobSeeker payments, it may have trouble lending to you. However, if this applies to you, it's still worth getting in touch with Alex to see if it can help.

Remember that while this is a competitive loan product, it's still a good idea to compare other unsecured car loan options, prior to submitting an application. And if you don't mind offering your vehicle as security on a loan, you can check out some secured car loan options too.

Compare car loan providers

1 - 7 of 106
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
loading
Showing 7 of 7 results

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Bria Finder

Writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site