Vehicle Loans | Get on the Road or Water Sooner

Vehicle loans can cover a wide range of options, including loans for cars, motorbikes, boats, and caravans. Whether you’re upgrading your vehicle or making your first purchase, there’s likely an option to suit your needs.

A vehicle loan provides funds to purchase your chosen vehicle, which you repay over time in manageable installments. Depending on your circumstances, you can choose between secured or unsecured loans with flexible terms to fit your budget.

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 it ultimately depends on your personal financial situation.

Interest rates vary depending on factors like your credit history, income, and whether the loan is secured or unsecured. A strong credit profile may give you access to 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.

Vehicle loans may include an Establishment Fee, Introducer Fee and ongoing account 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 vehicle loans are available, subject to lender approval and criteria. This allows you to borrow the full amount needed to purchase your vehicle.

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, as initial checks are considered “soft” inquiries. A full credit check is only conducted when you proceed with the loan application.

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

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