Loans.com.au - Used Car Loan

Get the funds for a used car up to seven years old.

If you're looking to buy a used car, the Loans.com.au - Used Car Loan lets you cover the cost of a car up to seven years old, with flexible repayment options.

See if it's right for you below.

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$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 - 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

Main points to consider with the Loans.com.au - Used Car Loan

The Loans.com.au - Used Car Loan lets you borrow up to $100,000 for a used car up to 7 years old. You'll receive a fixed interest rate from 4.67% p.a. with a comparison rate of 5.22% p.a. and loan terms from 3 years to 5 years.

You can also choose to make a one-off balloon payment at the end of your term to reduce the size of your interest payments.

Features of a Loans.com.au - Used Car Loan

  • Fixed rate. You'll receive a competitive fixed interest rate from 4.67% p.a.
  • Loan amount. You can borrow from $5,000 to $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. You can choose to repay the loan over 3 years, 4 years or 5 years.
  • Used cars up to seven years old. You can get a loan for a used car that is less than seven years old, based on build date.
  • Balloon payment option. You can reduce the size of your regular interest repayments by making a one-off lump sum payment at the end of your loan term.

Fees and charges

  • Establishment fee. You'll pay an initial $400 establishment fee.
  • Early repayment fee. This will apply if you pay off the loan before the last 12 months of the loan term.

You won't need to pay an ongoing monthly fee and won't need to pay the early repayment fee if you pay off the loan within the last 12 months of the agreed term.

How to apply for a Loans.com.au - Used Car Loan

You can apply for a Loans.com.au - Used Car Loan by clicking "Go to Site" above. The application process should take approximately 15 minutes to complete.

You'll need to meet the following criteria to be eligible for a loan:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident

You'll also need to supply the following as part of your application:

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

The Loans.com.au - Used Car Loan lets you buy a car up to seven years old, with quick approval. You should compare a range of used car loan options to find the one that is right for you.

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
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
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 that's up to two years old.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,001
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 3.35% (fixed)
4.41%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% 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 10 years.
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.
RACV New Car Loans
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.
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.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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.
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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 4.99% 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.

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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