OurMoneyMarket Car Loan

Finance your next vehicle with a car loan from OurMoneyMarket and receive a rate from just 5.35% p.a.

Apply for a loan from $2,001 to $75,000 for any new or used motorised vehicle with OurMoneyMarket. Applications are entirely online, and you could get a conditional loan offer within minutes. Loans are available to both good and bad credit applicants.

3 things you should know about this loan

  • Available as both secured and unsecured
  • Can be used to purchase vehicles up to 7 years old
  • Rates from 5.35% p.a.


Application Fee

From 5.35% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Max Loan Amount

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Product NameOurMoneyMarket Car Loan
Interest Rate (p.a.)From 5.35% (fixed)
Comparison Rate (p.a.)5.65%
Interest Rate TypeFixed
Min Loan Amount$2,001
Max Loan Amount$75,000

Main points to consider with an OurMoneyMarket Car Loan

With a car loan from OurMoneyMarket, you can access from $2,001 to $75,000 for a new car or a used car up to 7 years old. These loans can also be used on any motorised vehicle, such as boats, motorbikes or caravans. Rates start at just 5.35% p.a. (comparison rate 5.65% p.a.) and there are no monthly account-keeping fees, no prepayment payment fees and no early exit penalty charges. All rates are fixed, so your repayments won't change over the life of the loan. Available terms vary from 1 to 7 years.

Loans are available in both secured and unsecured formats. Applications only take 5 minutes to complete, and you could get a conditional loan offer in as little as 1 minute.

Features of an OurMoneyMarket Car Loan

The following features apply to an OurMoneyMarket Car Loan:

  • Loan amount. You can apply for a loan from $2,001 to $75,000.
  • Loan terms. Loan terms vary from 1 to 7 years.
  • Quick application. Applications are 100% online and take only 5 minutes to complete.
  • Quick approval. If you're approved, you could receive a conditional loan offer in less than 1 minute.
  • Unsecured or secured. Whether you use loan security or not will depend on your circumstances, the loan amount and your preferences.
  • Flexible repayments. Make your repayments weekly, monthly or fortnightly.
  • Personalised rate. Rates are based on factors such as your credit score, income, loan amount, loan term, etc.
  • New or used. You are able to purchase both new and used vehicles with this loan. Used vehicles must be less than 7 years old.
  • Fixed rate. OurMoneyMarket offers fixed rate loans. This means that your repayments will not change over the life of the loan.
  • No early repayment penalties. If you wish to make additional repayments or pay off your loan early, you can do so without charges.
  • Won't affect your score. Receiving a free quote won't affect your credit score.
  • Direct debit repayments. Repayments will be taken from your nominated bank account on the agreed upon dates.
  • Good credit not a necessity. While you must have an "acceptable" credit history as determined at OurMoneyMarket's discretion, having an excellent credit score is not mandatory for loan approval

Fees and charges

  • Interest rate: 5.35% p.a. to 14.99% p.a.
  • Comparison rate: 5.65% p.a. to 17.67% p.a.
  • Application fee: $250
  • Monthly service fee: $0

Additional fees and charges, such as late payment or dishonour fees, may also apply.

How to apply for an OurMoneyMarket Car Loan

To apply for a car loan with OurMoneyMarket, simply click "Go to site" to visit the lender's website directly and submit an application. To apply, you must:

  • Be an Australian citizen or permanent resident
  • Be aged 18 years or older
  • Have a gross income greater than or equal to $25,000 per annum
  • Have an acceptable credit history
  • Not be in hardship with another financial provider
  • Have no undischarged bankruptcy listings on your credit file

You will also require the following documentation to apply:

  • Three months of your bank statements (this can be done manually or online through the Illion gateway)

For other similar loan products, compare a range of car loans.

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