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loans.com.au car loans

loans.com.au is an Australian online-only, non-bank lender. It provides car loans for vehicles bought through a dealership, as well as home loans.

Founded in 2011, its parent company Firstmac is Australia’s largest non-bank lender and has been in the personal finance market for nearly 40 years.

loans.com.au serves thousands of customers in every state and territory in Australia. While it has no physical branches, the lender operates a call centre from Brisbane.

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Georgia Brown
Georgia Brown

Personal Finance Editor

Content updated

Product data updated

Why choose loans.com.au

Benefits

  • Option for balloon payment
  • Discount for environmentally friendly cars
  • Loans for new and used cars available

Drawbacks

  • Establishment fee charged
  • No branches

loans.com.au Car Loans

Loan amount

$

Loan term

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Credit score

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Default

6.09%

7.21%

$581

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
Green Car Loan Fixed
  • $5k to $150k
  • 3 to 5 years
  • Fixed Rate
  • Secured

6.24%

7.36%

$583

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
New Car Loan - Home Owner Special
  • $5k to $150k
  • 3 to 7 years
  • Variable Rate
  • Secured

7.09%

8.21%

$595

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
New Car Loan - Special (Fixed)
  • $5k to $150k
  • 3 to 5 years
  • Fixed Rate
  • Secured

7.74%

8.85%

$605

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
Used Car Loan (< 5 years)
  • $5k to $150k
  • 3 to 7 years
  • Variable Rate
  • Secured

7.74%

8.85%

$605

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
Used Car Loan (< 3 years) (Variable)
  • $5k to $150k
  • 3 to 7 years
  • Variable Rate
  • Secured

8.09%

9.20%

$610

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
Used Car Loan (< 3 years) (Fixed)
  • $5k to $150k
  • 3 to 5 years
  • Fixed Rate
  • Secured

8.29%

9.40%

$612

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
Used Car Loan (up to 5 years) (Fixed)
  • $5k to $150k
  • 3 to 5 years
  • Fixed Rate
  • Secured

9.09%

10.20%

$624

Australian Credit Licence 395219

Fees & charges apply

Product info
loans.com.au Pty Ltd
Used Car Loan (6-7 years) (Fixed)
  • $5k to $150k
  • 3 to 5 years
  • Fixed Rate
  • Secured

Car Loans calculator

Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios.

$

Your estimated repayments

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based on a $30,000 loan for 5 years at -

Total loan repayments

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Total interest charged

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Features of a loans.com.au car loan

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.

loans.com.au car loans – customer service

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.

Who is eligible for a loans.com.au car loan?

  • 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.

How to apply for a loans.com.au car loan?

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 car loans review

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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.