loans.com.au car loans

loans.com.au provides secured car loans suitable for everyday car purchasers looking for new and used vehicles. You can borrow between $5,000 and $100,000 and pay it off over a loan term of three, four or five years.

loans.com.au charges a one-off establishment fee on its car loans but does not charge ongoing fees. Keep in mind you may be penalised if you pay off your loan early prior to the last 12 months of the loan term.

Borrowers can choose to reduce their regular repayments by paying a one-off lump sum at the end of the loan. This is known as a ‘balloon payment’.

This lender may personalise its car loan rates according to the car, vehicle age and model. But as it is an online-only lender, its rates tend to be low compared with the rest of the market.

Customers can contact loans.com.au by phone, online enquiry, live chat and email. Its phone line is in operation from 7am to 7pm (AEST) on weekdays. Live chat is available seven days a week between 7am and 1am.

• Must be over the age of 18.
• Must be a permanent resident of Australia.
• Vehicle must be no older than seven years.
• Vehicle must be purchased through a dealership.
• Self-employed borrowers generally need to have run their business for two years.

You can get an indicative quote from loans.com.au and apply for a car loan with them through their website. Applications may be processed in as little as 24 hours.

1. Go to the car loans section of loans.com.au.
2. Select your preferred loan term and indicative rate. Hit ‘Apply now’.
3. Fill in and submit the application form.
4. You can then book a phone appointment with a lending manager to review and lodge the application.

loans.com.au provides borrowers a range of fixed and variable rate car loans. Borrowers may not find loans.com.au suitable if they require face-to-face customer service, as this lender has no branches and is online-only. 

Customers can borrow between $5,000 and $100,000, on loan terms of three, four or five years.

loans.com.au charges a one-off setup fee and no monthly fees. However, customers may be penalised if they end their loan early.

As loans.com.au does not have the same large overheads as a big bank, it is able to offer reasonable car loan interest rates, typically below the market average. The interest rate you can get at loans.com.au may vary, according to the vehicle itself.

It is generally advised that borrowers compare interest rates, fees and features from different lenders before signing up for a car loan.