In this guide

  • Review
  • Details
    • Verified Lending Used Car Loan
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
Verified Lending Used 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
$395
Interest Rate (p.a.)
7.1% (fixed)
Comparison Rate (p.a.)
8.06%
Max Loan Amount
$200,000

Summary

Verified Lending's Used Car Loan has a fixed interest rate and secured or unsecured options.

If you're looking to buy a used car and want a loan with a competitive, fixed interest rate, consider Verified Lending's Used Car Loan.

Pros

  • Competitive rates for borrowers with Excellent credit scores.
  • Options for secured and unsecured loans.
  • Borrow up to $200,000 .

Cons

  • There is a $395 application fee.

In this guide

  • Review
  • Details
    • Verified Lending Used Car Loan
  • Your reviews
  • Ask a question

Details

Verified Lending Used Car Loan

Product Name Verified Lending Used Car Loan
Interest Rate (p.a.) 7.1% to 18.99%
Comp. Rate (p.a.) 8.06% to 22.99%
Interest Rate Type Fixed
Min Loan Amount $10,000
Max Loan Amount $200,000

How does the Verified Lending Used Car Loan work?

Interest rates range from 7.1% p.a. (comparison rate 8.06% p.a.) to 18.99% p.a. (comparison rate 22.99% p.a.). The rate you can get depends on your credit score and personal financial circumstances.

Borrowers looking for a fixed rate loan to purchase a used car can pick from both secured and unsecured options.

Features of this loan

Here are the main points to consider when looking at Verified Lending's fixed rate used car loans:

  • Fixed interest rate. Your rate is fixed. It won't change throughout the life of the loan.
  • Personalised rates. The rate you qualify for depends on the car you're buying, your financial situation and your credit score.
  • Loan terms. Loan terms range from 1 to 7 years.
  • Loan amount. With Verified Lending you can borrow as little as $10,000 or as much as $200,000.
  • Secured and unsecured options. This loan has secured and unsecured options.
  • Flexible repayment terms. You can make weekly, fortnightly or monthly loan repayments.
  • Car type. You need to be purchasing a used vehicle.

How much does the Verified Lending Used Car Loan cost?

Here are the main fees and charges you should know about:

  • Interest rate: 7.1% p.a. to 18.99% p.a..
  • Comparison rate: 8.06% p.a. to 22.99% p.a..
  • Application fee: $395.
  • Monthly service fee: There is no monthly fee.

How to apply

To apply for this loan you will need:

  • To be 18 or over
  • To be an Australian citizen or permanent resident
  • To hold an Australian driver's licence
  • To earn at least $2,000 a month

Verified Lending does accept Centrelink payments as a form of income.

Documents

When applying for a loan you will need:

  • Proof of identity
  • Proof of income
  • Details of assets and liabilities

Ready for the next step?

You can submit an enquiry online by clicking the green button below, which will take you to Verified Lending's website.

Compare car loan providers

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFCL_COMPARISON_V2_TABLE","nicheCode":"AUFCL","fields":[{"name":"LOAN_AMOUNT","value":"20000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - Variable Rate Used Car < 5 years
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
to 7.74%
Comp. Rate (p.a.)
8.85%
to 8.99%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
OurMoneyMarket Used Car Loan ($5,000-$100,000)
OurMoneyMarket logo
Fixed1 - 7 Years $5,000 - $100,000
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
$622.82
Go to siteMore Info
Stratton Finance Used Car Loan
Stratton Finance logo
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
$625.27
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.
RACV Used Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
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
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Latitude Variable Rate Personal Loan
Latitude Financial Services logo
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$653.57
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
loading
Showing 5 of 5 results

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Richard Finder

Editor

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 Terms Of Service and Finder Group Privacy & Cookies Policy.

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

Go to site