Car Loan

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 fixed rate and flexible loan terms. You'll have the ability to finance a car up to four years old.

Product - New Car Loan
Interest Rate (p.a.)5.44% (fixed)
Comparison Rate (p.a.)5.99%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$100,000
Loan SecuritySecured


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


  • Application fee of $400
  • 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 from 5.44% 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.
  • The car you buy. If you have your eye on a vehicle, make sure it's under four years old. You can check the eligibility of your vehicle by clicking 'Go to site' on this page and entering your car's details.

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
  • Early repayment fee: Early repayment fee applies if the loan is paid off before the last 12 months of the loan term.
Fees you won't pay:
  • Monthly 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 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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18 Responses

  1. Default Gravatar
    FionaNovember 28, 2018

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

    • finder Customer Care
      CharisseNovember 29, 2018Staff

      Hi Fiona,

      Thanks for reaching out to finder.

      If you are referring to 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, you can go to this page. Before applying, please review the car loan terms to see if it suits your needs.

      I hope this helps.


  2. Default Gravatar
    LisaOctober 30, 2018

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

    • finder Customer Care
      JohnOctober 30, 2018Staff

      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!


  3. Default Gravatar
    July 13, 2017

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

    • Default Gravatar
      LiezlJuly 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

      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.


  4. Default Gravatar
    DonnaFebruary 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?

    • finder Customer Care
      LouFebruary 23, 2017Staff

      Hi Donna,

      Thanks for your question. 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 check this page to compare other loans for casual employees. Please note that the eligibility criteria differ among these lenders.

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


  5. Default Gravatar
    AlexMarch 15, 2016

    Can we get a copy of TCs ?

    • finder Customer Care
      ElizabethMarch 15, 2016Staff

      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.



  6. Default Gravatar
    VeronicaJune 16, 2015

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

    • finder Customer Care
      ElizabethJune 16, 2015Staff

      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.



  7. Default Gravatar
    PhilMarch 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.

    • finder Customer Care
      ShirleyMarch 23, 2015Staff

      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’.


  8. Default Gravatar
    GavMarch 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

    • finder Customer Care
      ShirleyMarch 18, 2015Staff

      Hi Gav,

      Thanks for your question.

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


  9. Default Gravatar
    haydenFebruary 27, 2015

    do you take single parenting pension as an income ?

    • finder Customer Care
      ShirleyFebruary 27, 2015Staff

      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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