Car Loans for Your Next Ride

Car loans are typically secured, meaning the car itself acts as collateral. This can help you access more competitive rates (depending on your credit profile), whether you’re upgrading your current vehicle or purchasing your first one.

A car loan provides the funds you need to purchase your chosen vehicle, which you repay in regular installments. Because it’s a secured loan, keeping up with repayments is important to avoid putting your car at risk.

The amount you can borrow depends on your income, expenses, and what you can comfortably afford to repay. Loan amounts typically range from $3,000 to $100,000, but your personal financial situation ultimately decides the final figure.

Interest rates vary based on factors such as your credit history, income, and the value of the car. A strong credit profile may help you access lower rates.

Current fixed interest rates range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and the lender.

Car loans include an Establishment Fee and Introducer Fee, and may include ongoing account fees or other fees. It’s important to review these details upfront so you know exactly what to expect. You can view more about Lender Fees here, and how we are remunerated here.

Yes, no-deposit car loans are available, subject to lender approval and criteria. This option lets you borrow the full amount needed to purchase your car.

Timing varies but loan approvals can be quick, with many applications cleared on the same day. Approval is subject to meeting lending criteria, and affordability test applies.

Yes—refinancing is possible (subject to lending criteria). It may help you reduce repayments, secure a sharper rate, or change the term, depending on your profile, loan balance, vehicle security and fees. Extending the term can increase total interest. Fees and charges apply. Responsible-lending (affordability) checks required.

Applying won’t impact your credit score at first, as initial checks are considered “soft” inquiries. A full credit check is conducted by the lender once you decide to proceed with the loan.

Missing a repayment may incur fees and could affect your credit score. It’s best to contact your lender as soon as possible to discuss repayment options.

Use an online loan calculator to estimate your repayments based on the loan amount, term, and interest rate. This helps you plan and budget effectively. Remember: these calculators only provide indicative figures. Your actual interest rate, fees and repayments will be determined after your application is assessed.