Loans.com.au - Used Car Loan

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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.

$400

Application Fee

From 4.89% (fixed)

Interest Rate (p.a.)

5.44%

Comparison Rate (p.a.)

$100,000

Max Loan Amount

Details

Product NameLoans.com.au - Used Car Loan
Interest Rate (p.a.)From 4.89% (fixed)
Comparison Rate (p.a.)5.44%
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 4.89% with a comparison rate of 5.44% 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 4.89%
  • 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 loan options to find the one that is right for you.

Car Loan Offers

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

You'll receive a fixed rate of 5.45% 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 5.49% 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 Latitude New and Used Car Loan
Latitude New and Used Car Loan

You'll receive a fixed rate of 6.99% p.a.
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 5.69% 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.

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