Unlike conventional banks and lenders, loans.com.au is solely an online loan provider, and this helps them keep their overheads to a minimum. In addition home loans and insurance covers, loans.com.au provides a range of car loans to help you finance your next vehicle purchase.
While loans.com.au is an online lender, it offers high levels of customer service owing to its trained team of lenders who operate through its Brisbane call centre. When you apply for a loan through loans.com.au, you deal with a personal lending manager who guides you through the entire process.
You can use its new car loan to buy a new or a used car from a car dealership that's less than 5 years old at a variable rate from 6.24% p.a. This secured car loan allows you to borrow a minimum of $5,000, and you can choose from loans terms of between 3 years and 7 years. You can repay the loan early and there's a generous maximum loan amount of $150,000.
Its used car loan has different rates depending on the age of the car. With a used car loan, you can choose loan terms between 3 to 7 years and borrow from $5,000 to $150,000.
Is your car eligible to be used as security?If you're looking to use your car as a guarantee, it needs to be:
How can I apply for a car loan from loans.com.au?Applying for a loans.com.au car loan is simple and you can submit a convenient online application.To find out if you're eligible you'll need to submit the following information on the loans.com.au website:
After entering this information you will find out your outcome. Remember that while loans.com.au has a competitive car loan on offer, there are other offerings out there. Compare all of your car loan options to ensure you get the right finance for you.
| Product Name | Rate type | Interest rate (p.a.) | Comparison rate (p.a.) | Balloon option |
|---|---|---|---|---|
| Used Car < 3 years | Variable | 7.74% p.a. | 8.85% p.a. | No |
| Fixed | 7.59% p.a. | 8.7% p.a. | Yes | |
| Used Car < 5 years | Variable | 7.74% p.a. | 8.85% p.a. | No |
| Fixed | 7.69% p.a. | 8.8% p.a. | Yes | |
| Used 6-7 years | Fixed | 8.99% p.a. | 10.1% p.a. | No |
| Used 8+ years | Fixed | 12.69% p.a. | 13.8% p.a. | No |
If you're looking to use your car as a guarantee, it needs to be:
Applying for a loans.com.au car loan is simple and you can submit a convenient online application.
To find out if you're eligible you'll need to submit the following information on the loans.com.au website:
After entering this information you will find out your outcome. Remember that while loans.com.au has a competitive car loan on offer, there are other offerings out there. Compare all of your car loan options to ensure you get the right finance for you.
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