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MoneyForJam Car Loan

A car loan from Money for Jam comes with the benefit of an interest rate tailored to your personal circumstances.

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Please note that Money for Jam has merged with MoneyLab. The information on this page has been kept for the benefit of those who are interested and historical records only.

Main points to consider about a MoneyForJam Car Loan

A loan from Money for Jam is secured and comes with fixed interest rate that start from 2.85% p.a. depending on which lender you're approved with. The comparison rate starts from 4.85% p.a.

You can borrow a minimum of $4,500 up to a maximum of $120,000. If you are self-employed, you are still eligible to apply for this loan. The car you plan to purchase will be used as security for this loan.

Features of this loan

When you take out a loan with Money for Jam you benefit from a range of features, including the following:

  • Secured loan. Loans are secured, so there's no need for an additional asset as security; it is provided by the car you actually purchase.
  • Access to a wide range of funds. With loan amounts ranging from $4,500 to $120,000, you can find a plan that will help you fund the car of your dreams.
  • Long loan terms. You can apply for a maximum term of 7 years.
  • Private purchase. You are not limited to purchasing your car from a dealer; you can buy from a private seller as well.
  • Competitive interest rate. Interest rates are from 2.85% p.a. and a 4.85% p.a. comparison rate. Bear in mind that the rate you receive can vary depending on your personal and financial circumstances.
  • Customer service. Your Money for Jam representative will work with you to find a loan that best meets your financial situation, and that gets you into the car you're looking for.
  • Independent service. As Money for Jam is an independent broker with access to over 40 lenders, it is in a great position to help you get the best loan for your specific needs.

Fees and charges

The fees you are charged will vary according to the lender Money for Jam negotiates with for your loan. You will receive a fee schedule once your loan has been approved.

How to apply for a MoneyForJam Car Loan

To apply for this loan, you must first ensure you meet the following requirements:

  • Be an Australian citizen or permanent resident
  • If you have a 457 visa the loan duration must not be longer than your visa term
  • Have a regular income
  • Aged 18 or older
  • You are able to meet the financial responsibilities of the loan
  • If you are self-employed, there is a low doc loan option available

Next, click on “Go to Site” to begin your application. Some of the documents you will need to supply include:

  • Proof of your current asset and liability situation.
  • Statements of your income and expenses. If you are an employee, you can use two recent payslips to provide proof of income. If you are self-employed, you can use your tax return or current business financial reports.
  • Australian driver’s licence.
  • Medicare card.

With access to over 40 lenders across Australia, you’re bound to find a car loan through Money for Jam that suits your needs. However, compare other car loans as well to ensure you pick one that best suits your situation.

Compare car loan providers

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1 - 12 of 12
Updated regularly
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit
ExclusiveFixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
6.57%
to 21.78%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$613.62
Go to siteMore Info
Finder Exclusive: Apply by December 15th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
loans.com.au - New - Fixed Rate Special
Fixed3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.09%
to 8.29%
Comp. Rate (p.a.)
8.21%
to 9.1%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$638.73
Go to siteMore Info
You'll receive a fixed rate of 7.09% 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.

CarMoney New Car Loan
ExclusiveFixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.89%
to 15.09%
Comp. Rate (p.a.)
8%
to 16.16%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$636.87
Go to siteMore Info
Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% 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.
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
CarMoney Used Car Loan
Fixed18 Months - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.2%
to 15.75%
Comp. Rate (p.a.)
6.71%
to 16.18%
Application Fee
$399
Monthly Fee
$0
Monthly Repayment
$622.43
Go to siteMore Info
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
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