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Summary

Strong credit applicants can enjoy a rate from 9.09% lower than the big banks with a Wisr car loan.

If you just need to get from A to B or are looking to purchase your dream set of wheels, a loan from Wisr could help. Wisr rewards its strong credit customers with rates that are lower than the Big Four banks.

Wisr's car loans are flexible and can be used to purchase new or used cars, as well as motorbikes, boats, caravans and other expenses. Wisr is a fully online lender and its application process is quick and easy.

Pros

No monthly and annual fees
Automatic repayments
Use for a variety of vehicles

Cons

Application fee of $605 for refinance and dealer sale $655 private sale
Late payment fee of $25

Details

Product details

Product Name	Wisr Secured Car Loan
Interest Rate (p.a.)	9.09% to 17.24%
Comp. Rate (p.a.)	10.62% to 16.77%
Interest Rate Type	Fixed
Min Loan Amount	$10,000
Max Loan Amount	$99,000

Things to consider

Wisr is Australia's first neo-lender, an independent and fully online lending institution, which aims to offer its clients a smarter and fairer form of finance. These loans have personalised rates based on its customers' credit histories, with competitive rates offered to customers with strong credit ratings. Its rates start from as low as 9.09% p.a. with a 10.62% p.a. comparison rate and you can apply for up to $99,000. This rate is fixed and you can use the funds for a new or used car, as well as other vehicles and even other purposes.

Features of the Wisr car loan

There are a number of features you can expect from this loan:

Loan amount. A Wisr car loan is available from $10,000 to $99,000.
Interest rate. Rates start at 9.09% p.a. with a comparison rate of 10.62% p.a. and have a maximum interest rate of 17.24% p.a. Rates are personalised according to the applicant's credit history.
Loan term. Wisr's car loans are offered on terms from 3 years to 7 years.
Flexible. This car loan be used for a variety of vehicles.
Quick application. The online loan application only takes a few minutes and your application will be reviewed within 24 hours.
Quick funding. If approved, you'll have the money in your account in 24 to 48 hours.
Automatic repayments. Repayments will be direct debited from your nominated bank account.

Fees and charges

Borrowers can expect the following fees and charges with a Wisr loan:

Establishment fee. Wisr's standard establishment fee is $605 for refinance and dealer sale $655 private sale for applications submitted through Finder. T&Cs apply
Late payment fee. If you make a late repayment, you will be charged a fee of $25.
Dishonour fee. If there isn't the money in your account for a repayment, you'll be charged a dishonour fee of $2.75. Please note that your bank may charge additional fees for missing a direct debit payment.
Monthly fee. There's a monthly fee of $10.

However, successful applicants will pay:

No early repayment penalties. Repay your loan early and save money on interest over the life of the loan.
No annual fees. There are no annual fees with this loan.

How you can apply

If you're ready to apply for a Wisr loan simply click "Go to site" and submit an application. You must meet the following criteria in order to qualify:

Be over 18 years old
Be a permanent resident of Australia
Have a gross income of over $25,000 p.a.
Have no unpaid defaults in the last five years
Have no bankruptcies in the last seven years
Not be currently experiencing financial hardship

You'll also need to have the following documentation to hand:

Your driver's licence number
Your current address
Details of your employment

If you want to apply for this loan, you can do so by clicking "Go to site" and contacting Wisr directly. Wisr also offers an option to calculate your personalised rate, free of charge and with no effect on your credit score, prior to submitting an application. Remember to always compare car loan options thoroughly before submitting an application in order to find the best possible financial solution for your circumstances.

Compare car loan providers

1 - 12 of 12

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 site More Info Compare	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 site More Info Compare
loans.com.au - New - Fixed Rate Special Fixed3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.09%	Comp. Rate (p.a.) 8.21%	Application Fee $400	Monthly Fee $8	Monthly Repayment $638.73	Go to site More Info Compare	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 site More Info Compare	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 site More Info Compare	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 site More Info Compare	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%	Comp. Rate (p.a.) 7.36%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to site More Info Compare
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 site More Info Compare
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 site More Info Compare	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 site More Info Compare	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 site More Info Compare	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 site More Info Compare	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.

Showing 12 of 12 results

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