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    • Simplify Used Car Loan
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Simplify Used Car Loan

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Simplify Used Car Loan
Application Fee
Interest Rate (p.a.)
6.19% (fixed)
Comparison Rate (p.a.)
Max Loan Amount


If you’ve found the car you want to buy, the last thing you want to worry about is how you’ll pay for it. Thankfully, Simplify offers fast finance in a matter of hours.

Apply for finance online and receive lender options and repayment details in minutes. Simplify will then negotiate with the dealer on your behalf and complete all the necessary paperwork.

Through Simplify you can buy cars, motorcycles, vans, trucks, caravans and boats. Depending on your eligibility and circumstances its partner lenders could offer you interest rates from as low as 6.19% p.a. You can borrow from $10,000 up to $300,000.


  • Borrow up to $300,000
  • Short turnaround time of 4 hours
  • Low minimum interest rate


  • High maximum interest rate
  • Application fee of $395

In this guide

  • Review
  • Details
    • Simplify Used Car Loan
  • Your reviews
  • Ask a question


Simplify Used Car Loan

Product Name Simplify Used Car Loan
Interest Rate (p.a.) 6.19% to 18%
Comp. Rate (p.a.) 6.6% to 23%
Interest Rate Type Fixed
Min Loan Amount $10,000
Max Loan Amount $300,000
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Main points to consider with Simplify's car loan

  • Low rates available. Simplify offers fixed rates which start from 6.19% p.a. The comparison rates start from 6.60%.
  • Maximum rates. Depending on your circumstances you could instead be offered interest rates up to 18% p.a. (comparison rate of 23%).
  • Fixed interest rates. Fixed rates mean your monthly repayments are locked in at the same amount, so you know what you're committing to.
  • Loan amount. You can borrow between $10,000 and $300,000.
  • Loan terms. You can choose to repay your loan over 1 to 7 years.
  • Secured loan. Simplify's car loans are secured against the vehicle. This means if you're unable to pay, they may be able to take the car to earn back the funds.
  • Online application. Apply online and get a quote in minutes.
  • Fast funding. You can normally get finance within 4 hours.
  • Residency. You must be an Australian citizen or permanent resident, or be on an eligible working visa.
  • Minimum income. You must be earning at least $40,000 a year to be eligible.
  • Car options. Simplify offers loans for new and used cars.
  • Deposit. You can take out a car loan with a deposit to bring down the loan costs.

Fees and charges

  • Application fee: $395
  • Service fee: No monthly fees.

How to apply for Simplify's car loan

Head onto the website at to start your online application. You can also check your eligibility and calculate payments before you get started.

You'll need to provide your driver's licence and proof of income such as payslips or bank statements.

Simplify will also check your credit score, which will not be affected until an application is made.


To be eligible for this loan you must

  • Be over the age of 18
  • Earn over $40,000 a year
  • Have a good credit score
  • Be an Australian citizen or permanent resident, or on an eligible working visa

What else you'll need

As the loan is secured against the car you buy, you will likely need to provide details of the car, such as:

  • Car make and model
  • Year of manufacture
  • Condition of the vehicle

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