loans.com.au New Car Loan - Rates and fees | Finder
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loans.com.au Car Loan

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Matt Corke
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Borrow up to $100,000 for a new car or dealer used car.

  • Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.

If you're looking for a competitive loan option to help you get into that new car sooner, you might want to consider the loans.com.au car loan. The 100% Australian-owned and online lender offers a car loan with a competitive fixed rate and flexible loan terms.

3 things to know about the loans.com.au car loan

  • Fixed interest rate. You will receive a fixed rate, meaning your interest payment will remain the same through the loan term.
  • Flexible loan amounts. You can borrow from $5,000 to $100,000.
  • Early repayment option. You can repay your loan early without penalty if you're in the last 12 months of your loan term.

$400

Application Fee

From 4.67% (fixed)

Interest Rate (p.a.)

5.22%

Comparison Rate (p.a.)

$100,000

Max Loan Amount

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Details

Product NameLoans.com.au - New and Dealer Used Car Loan
Interest Rate (p.a.)From 4.67% (fixed)
Comparison Rate (p.a.)5.22%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max Loan Amount$100,000
Go to loans.com.au's website

Main points to consider with the loans.com.au car loan

The loans.com.au Car Loan is a secured loan, meaning the car you purchase will be used as security for the loan. You'll need to be looking to purchase a car that's worth at least $5,000 although you have the option of adding your on-road costs into the loan amount.

This is a fixed interest rate loan, meaning your repayments will stay the same for the duration of your term, which can be from three-to-five years.

If you're looking to refinance an existing car, loans.com.au offers a competitive refinancing loan for vehicles valued at $30,000 or more that you might want to consider.

Features of the loans.com.au car loan

  • Special offer. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
  • Fixed interest rate. The loan comes with a competitive fixed rate from 4.67% p.a.
  • Loan amount. You can borrow an amount between $5,000 and $100,000. If you're looking to purchase a car cheaper than the minimum amount offered, you have the option of adding your on-road costs into the loan amount.
  • Loan term. Borrow the money for a period of 3, 4 or 5 years.

Fees and charges

As with all loans, you will be charged certain fees with the loans.com.au Car Loan. Take a look at the breakdown of fees below:

  • Establishment fee. $400
  • Early repayment fee. This will apply if the loan is paid off before the last 12 months of the loan term.

You will not pay an ongoing monthly fee and will not pay the early repayment fee if you pay off the loan within the last 12 months of the agreed term.

How to apply for the loans.com.au Car Loan

You can apply for the loans.com.au Car Loan by clicking "Go to Site". The application process should take approximately 15 minutes to complete. You'll need to be over the age of 18 and a permanent Australian resident to apply.

You'll need to supply:

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

If this sounds like the right loan for you, you can apply using the buttons above. Keep in mind, it's always important to compare your car loan options before deciding on a loan that best suits your purposes.

Car Loan Offers

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

You'll receive a fixed rate of 4.99% 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.

More info
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.

More info
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.

More info
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.

More info

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18 Comments

    Default Gravatar
    Fiona
    November 28, 2018

    Hi there, is it possible to get a loan for a second hand car or are these just for new cars?

    Reply
      Avatarfinder Customer Care
      Charisse
      November 29, 2018

      Hi Fiona,

      Thanks for reaching out to Finder.

      If you are referring to loans.com.au car loans, they can also assist with second-hand car loans. You can click on the “Go to site” button so you will be redirected to their website and start your car loan application or speak with their representative.

      If you are still looking to compare loan options for used cars, using our comparison table. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. Before applying, please review the car loan terms to see if it suits your needs.

      I hope this helps.

      Cheers,
      Charisse

      Reply
    Default Gravatar
    Lisa
    October 30, 2018

    I don’t have a mortgage, I rent, does this mean I pay I higher interest rate?

    Reply
      Avatarfinder Customer Care
      John
      October 30, 2018

      Hi Lisa,

      Thank you for leaving a question.

      Not having a mortgage or your living conditions mean that you would pay for a higher interest rate. Since the 5.44% interest rate is fixed, what we need to look at is the comparison rate which is based as an example a $30,000 loan over 5 years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. These rates are for secured loans only. Hope this helps!

      Cheers,
      Reggie

      Reply
    Default Gravatar
    Majid
    July 13, 2017

    Hello,
    Do you finance used car 3 – 5 years old for amount between 15.000 to 17.000 $ for self-employed ?
    Thanks

    Reply
      Default Gravatar
      Liezl
      July 14, 2017

      Hi Majid,

      Thanks for your question. Just to confirm though, you have reached finder, a comparison website and general information service, not actually loans.com.au.

      Yes, you might be qualified for a car loan provided you meet their eligibility and documentation requirements. Moreover, they can accommodate a loan of $5000 to $100,000 for either new car or used car under 4 years old. If you have decided to apply for this loan, please click the “Go to Site” button above.

      Cheers,
      Liezl

      Reply
    Default Gravatar
    Donna
    February 23, 2017

    Wondering if I am in casual employment with permanent shifts what is the minimum length of employment I need before I can apply?

    Reply
      Avatarfinder Customer Care
      Dee
      February 23, 2017

      Hi Donna,

      Thanks for your question.

      loans.com.au accepts casual employees but your eligibility will depend on your individual circumstances and loan purpose. You can directly get in touch with them to confirm your eligibility.

      You may also want to compare other loans for casual employees. Please note that the eligibility criteria differ among these lenders.

      On that page, there are lenders listed on our comparison table. Compare them based on various details. Once you’re done, select the “Go to site” button to be redirected safely to your chosen lender’s website.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision on whether the product is right for you.

      Cheers,
      Anndy

      Reply
    Default Gravatar
    Alex
    March 15, 2016

    Hi.
    Can we get a copy of TCs ?
    Cheers.

    Reply
      Avatarfinder Customer Care
      Elizabeth
      March 15, 2016

      Hi Alex,

      As a financial comparison service independent of loans.com.au we don’t keep these on hand – you’ll need to contact loans.com.au directly to ask for a copy of these. You can contact them via its website.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Veronica
    June 16, 2015

    Hi,
    Do you finance used caravans? And what would be the interest rate?

    Reply
      Avatarfinder Customer Care
      Elizabeth
      June 16, 2015

      Hi Veronica,

      Thanks for your question.

      Caravan loans are not offered as of this time from loans.com.au but you can compare your other options from a range of lenders that offer Caravan loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,
      Elizabeth

      Reply
    Default Gravatar
    Phil
    March 22, 2015

    As a Casual Employee, do you have any time limits on how long my employment must be in order to get approved. At present it is 4 months.

    Reply
      Avatarfinder Customer Care
      Shirley
      March 23, 2015

      Hi Phil,

      Thanks for your question.

      Please note that finder.com.au is an online comparison service and does not represent loans.com.au.

      If you would like to discuss your eligibility or options, please get in touch with loans.com.au directly by clicking on ‘Go to site’.

      Cheers,
      Shirley

      Reply
    Default Gravatar
    Gav
    March 18, 2015

    hi I was wondering what the fees are if I take the loan out over 5years then pay it back a lot sooner

    Reply
      Avatarfinder Customer Care
      Shirley
      March 18, 2015

      Hi Gav,

      Thanks for your question.

      An exit fee of $100 will apply should you choose to pay it out early.

      Cheers,
      Shirley

      Reply
    Default Gravatar
    hayden
    February 27, 2015

    do you take single parenting pension as an income ?

    Reply
      Avatarfinder Customer Care
      Shirley
      February 27, 2015

      Hi Hayden,

      Thanks for your question.

      loans.com.au accepts Centrelink as a form of income though it will need to be supported with another stream of income from employment.

      Cheers,
      Shirley

      Reply
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