Get the Finder app 🥳

Track your credit score

Free

Novvi Car Finance

Last updated:  

Novvi is an online lender offering car finance products with flexible repayment terms and competitive rates.

  • Please note that this product is no longer available. The information on this page has been kept for the benefit of those who are interested and historical records only. You can compare other car loans.
Novvi helps customers secure car finance with an easy online application process and quick approval. Novvi works with several lenders offers customers a tailored product depending on their financial situation.

$0

Application Fee

From 4.54% (fixed)

Interest Rate (p.a.)

5.27%

Comparison Rate (p.a.)

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Details

Product NameNovvi Car Loan
Interest Rate (p.a.)From 4.54% (fixed)
Comparison Rate (p.a.)5.27%
Interest Rate TypeFixed
Min Loan Amount$7,500
  • Please note that this product is no longer available. The information on this page has been kept for the benefit of those who are interested and historical records only. You can compare other car loans.

Things to consider about Novvi Car Finance

Borrow from as little as $7,500 to repaid over a period of between 1 to 7 years. Novvi charges no application fees. A rate of 4.54% p.a. available and repayments are fixed throughout the loan period.

While the quote and application processes are online, Novvi's loan agents get in touch with you personally to discuss your options. You can work out your repayments with the online calculation tool or submit an inquiry online.

Features of the Novvi Car Finance loan

If you're interested in applying for car finance with Novvi, here are some of the loan features:

  • No application fees. Borrowers pay no fees when submitting a loan application.
  • Competitive interest rate. Novvi claims to offer the lowest car finance interest rate in Australia at 4.54% p.a.
  • Easy application process. You can use the online calculator to work out fortnightly and monthly repayments and then request a quote online. If you're happy with the quote, you can submit your application online.
  • Quick approval. You loan application can be approved within two hours.
  • Flexible terms. Depending on whether you're applying for a consumer or commercial loan, you can repay the loan over a period of between 1 to 7 years. Set up a direct debit or make payments through BPay.
  • Accessibility. Novvi loans are available to self-employed Australians as well as those struggling who are bankrupt. Your credit profile isn't affected if Novvi is unable to grant your loan.
  • Insurance. Novvi also assists with procuring insurance for your new car. Choose between comprehensive cover products as well as loan insurance and warranties for when you experience car trouble.

How much will the Novvi Car Loan cost?

The following fees and charges apply with a Novvi Car Loan:

  • Application fees. You don't pay any application fees.
  • Acceptance fee. Depending on which lender grants your loan, you might have to this fee.

How you can apply for the Novvi Car Finance loan

Novvi's online application is quick and approval is granted within two hours. You can get the process started by clicking "Go to Site". As this is a bad credit car loan, you can apply if:

  • You have defaults listed on your credit file
  • You've missed payments
  • Your account is in arrears
  • You have been bankrupt
  • You are self-employed

You need to be able to show that you are able to repay the loan you are applying for. Novvi accepts applications from Australians with bad credit history, but it's important to note that they can't guarantee that every application will be successful. However, your credit history won't be affected if your application is denied.

You will be asked to submit the following:

  • Name and contact details
  • Loan amount and type of loan (consumer, commercial or novated lease)
  • Desired loan term

Once you submit your application a loan agent will get in touch with you about your loan options.

Securing car finance is about more than filling in an application form and hitting "send". Borrowing a large amount of money implies a commitment to repay it, so it's important to do the research and find the deal best suited to your current financial situation.

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 4.89% 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 CUA Secured Fixed Car Loan
CUA Secured Fixed Car Loan

You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site