Liberty Drive Car Loan

A fast, flexible low interest car loan that’ll put you in the driver’s seat sooner, even if you’re under 23.

Liberty Drive is a flexible, hassle free car loan with Liberty’s most attractive interest rate and the ability to borrow up to $100,000. It is also available to younger applicants and provides several options including a Flexible Payment Arrangement (FPA) and Insurance Shortfall Protection option. And with a fast loan settlement process, you could be driving away in your dream car quicker than you think.

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From 5.99% (fixed)

Interest Rate (p.a.)

7.55%

Comparison Rate (p.a.)

$100,000

Max Loan Amount

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Details

Product NameLiberty Drive Car Loan
Interest Rate (p.a.)From 5.99% (fixed)
Comparison Rate (p.a.)7.55%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max Loan Amount$100,000

Things to consider about Liberty Drive

Liberty Drive offers Liberty's best interest rate from just 5.99% p.a., with a maximum loan amount of and loan terms up to 7 years. Things to consider include a maximum loan amount of $35,000 for applicants under 23 years of age and the fact that you may pay more interest over the life of the loan if you choose the Flexible Payment Arrangement (FPA) option.

Features of Liberty Drive

  • Liberty's best interest rate – from just 5.99% p.a. with a comparison rate of 7.55% p.a. (based on a secured $30,000 loan over a 5-year term).
  • Flexible repayment options – the ability to pay weekly, fortnightly or monthly.
  • Balloon payments available – the option to reduce your monthly repayments in exchange for making a lump sum payment of the principal owing at the end of the loan term.
  • Flexible Payment Arrangement (FPA) option – the ability to reduce your monthly repayments by up to two thirds when you want to use your money for other things. You can make 6 payment reductions on a 3 year loan and up to 14 on a 7 year loan.
  • Insurance Shortfall Protection (ISP) option – covers the outstanding balance on your loan after an insurance payout has been made if your car is written off during the loan term.

Fees and charges

Fees and charges that apply to the Liberty Drive Car Loan include;

  • Application fee – varies with application
  • Ongoing fee - $7.70 per month
  • Discharge fee - $125.

How to apply for Liberty Drive

You can get the application process under way for your Liberty Drive Car Loan by clicking "Go to Site" at the top of this page. It should be noted that to be eligible for this loan, you must;

  • have the financial capacity to repay the loan
  • have an acceptable credit history
  • borrow from $5,000 up to $100,000
  • take the loan over a term of between 2 years and 7 years.

Documents you may need to support your application may include proof of identity (i.e. driver's licence, passport), proof of income (i.e. pay slips, bank statements, tax statements) and proof of assets (i.e. vehicle ownership papers, mortgage statements).

Conclusion

Obviously you should always shop around before choosing a loan product and compare the interest rates, features and terms and conditions. But if you're looking for a car loan with low interest and flexible terms that's younger borrower-friendly, Liberty Drive is a product that seems to tick all the relevant boxes.

Compare car loan providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
IMB New Car Loan
4.88% (fixed)
5.23%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$10,001
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Credit Concierge Car Loan
From 2.99% (fixed)
4.07%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 2.99% p.a. with a comparison rate of 4.07% p.a.
Get access to over 20 providers to fund a new or used car.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Driva Car Loan
From 2.85% (fixed)
4.39%
$2,000
1 to 7 years
$295 (Varies by lender, starting from $295)
$10
You'll receive a fixed rate from 2.85% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
Heritage Bank Car Loan
4.89% (fixed)
5.53%
$5,000
1 to 7 years
$200
$5
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
Beyond Bank Low Rate Car Loan
4.69% (fixed)
5.01%
$25,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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