Car Loan

Information verified correct on October 25th, 2016

Why wait to buy a new car?

If you're looking for a competitive loan option to help you get into that new car sooner, you might want to consider this offering from The 100% Australian-owned and online lender offers a car loan with a competitive variable rate and flexible loan terms. You'll have the ability to finance a car up to nine years old, but if you don't have your dream car in mind just yet, you can take advantage of the's car buying service.

Product - Car Loan
Interest Rate (p.a.)From 4.69% (fixed)
Comparison Rate (p.a.)5.24%
Interest Rate TypeFixed
Minimum Loan Term3 years
Maximum Loan Term5 years
Min Loan Amount$5,000
Max. Loan Amount$100,000
Application Fee$400
Monthly Service Fee$0
Loan SecuritySecured


  • Low interest rate
  • Maximum loan amount of $100,000
  • No ongoing fee


  • Application fee of $400
  • Interest rate only applies to new cars purchased through a dealership
  • Further interest rate loading may be applied during credit assessment

What you need to know about the loan

The 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 $10,000, although you have the option of adding your on-road costs into the loan amount. There is a $400 establishment fee but you will be charged no ongoing monthly fees during the loan term, which can extend up to 5 year(s). This is a fixed interest rate loan, meaning your repayments will stay the same for the duration of your term.

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

Features of the car loan

  • Fixed interest rate. The loan comes with a competitive fixed rate of 4.69% 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 three, four, five or seven years.
  • The car you buy. Don't know what car you want to buy? Take advantage of's car buying service. If you have your eye on a vehicle, make sure it's under nine years old. You can check the eligibility of your vehicle by clicking 'Go to site' on this page and entering your car's details.
  • Pre-approval. You can find out if you qualify before making your vehicle purchase. Just enter your vehicle's and your personal details and find out if you're eligible for a loan.

Fees to consider

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

Fees you will pay:
  • Establishment fee: $400
Fees you won't pay:
  • Monthly fee: $0
  • Exit fee: $0

How to apply for the Car Loan

You can apply for the 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 you're interested in pre-approval, you can also click 'Go to Site' to access this service. If you're interested in pre-approval, you'll need to click through and enter:

  1. Your vehicle details. This includes the make, model, year and estimated purchase price.
  2. Your loan details. You'll need to inform of the purpose of your loan (new car, used car from private sale, refinancing) and your estimated loan amount.
  3. Your personal information. Including your name, country of residence, age, monthly after-tax income and details of previous loans.

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 options before deciding on a loan that best suits your purposes.

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Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
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10 Responses to Car Loan

  1. Default Gravatar
    Alex | March 15, 2016

    Can we get a copy of TCs ?

    • Staff
      Elizabeth | March 15, 2016

      Hi Alex,

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



  2. Default Gravatar
    Veronica | June 16, 2015

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

    • Staff
      Elizabeth | June 16, 2015

      Hi Veronica,

      Thanks for your question.

      You’ve come through to, we’re a financial comparison service and don’t offer the loans ourselves. do not currently offer loans for caravans, but you can compare your other options on this page.

      I hope this has helped.



  3. 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.

    • Staff
      Shirley | March 23, 2015

      Hi Phil,

      Thanks for your question.

      Please note that is an online comparison service and does not represent

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


  4. 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

    • Staff
      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.


  5. Default Gravatar
    hayden | February 27, 2015

    do you take single parenting pension as an income ?

    • Staff
      Shirley | February 27, 2015

      Hi Hayden,

      Thanks for your question. accepts Centrelink as a form of income though it will need to be supported with another stream of income from employment.


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