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Updated on 28 November, 2021

2021 RateCity Car Loan Gold Awards Winners

Finding Australia's best Car Loans has just been made easier. Select a category below and discover the loans that have received a coveted RateCity Gold Award.

Best Green car loans
Company Product Real Time Rating™ Go to site

Green Car Loan

Green Car Loan

4.78 / 5

Best Used car loans
Company Product Real Time Rating™ Go to site

Car Loan

Car Loan

4.48 / 5

Discounted Personal Loan (Car Loan)

Discounted Personal Loan (Car Loan)

4.33 / 5

Used Car Loan (up to 4 years)

Used Car Loan (up to 4 years)

4.3 / 5

Better Car Loan Fixed

Better Car Loan Fixed

4.19 / 5

Fixed Rate Car Loan

Fixed Rate Car Loan

3.83 / 5

Fixed Rate Car Loan

Fixed Rate Car Loan

3.83 / 5

Fixed Rate Car Loan

Fixed Rate Car Loan

3.83 / 5

Car Loan (Fixed)

Car Loan (Fixed)

3.83 / 5

New or Used Car Loan Special

New or Used Car Loan Special

3.76 / 5

Car Loan - Fixed

Car Loan - Fixed

3.75 / 5

Secured Fixed Personal Loan (Used Asset)

Secured Fixed Personal Loan (Used Asset)

3.75 / 5

Best New car loans
Company Product Real Time Rating™ Go to site

Car Loan

Car Loan

4.69 / 5

New Car Loan Fixed

New Car Loan Fixed

4.26 / 5

Discounted Personal Loan (Car Loan)

Discounted Personal Loan (Car Loan)

4.26 / 5

Car Loan (New and Dealer Used)

Car Loan (New and Dealer Used)

4.23 / 5

Car Loan Special

Car Loan Special

4.15 / 5

Better Car Loan Fixed

Better Car Loan Fixed

4.12 / 5

Low Rate Car Loan Special Offer

Low Rate Car Loan Special Offer

4.12 / 5

New Car Loan

New Car Loan

4.1 / 5

New Car Loan Fixed

New Car Loan Fixed

4.03 / 5

How RateCity works out the Gold Awards

Nearly 200 products were analysed and compared from a variety of lenders and providers, and only the top ten percent were deemed winners.

The RateCity Personal and Car Loan awards celebrate lenders who consistently offer competitive loans to Australian consumers.

The awards are based on our market-leading Real Time Ratings™ system which gives every loan in our database a score out of five, based on cost and flexibility.

Importantly, these scores are calculated every day, capturing product changes as they happen – a factor missed by some awards programs.

Methodology for Car Loans 2021 Gold Awards
How are Real Time Ratings™ calculated

How RateCity Leaderboards work

We’ve built these leaderboards to help you quickly see what are the top banking products in each of the key categories.

Can you get a chattel mortgage with bad credit?

Getting approval for a chattel mortgage with bad credit may be possible, given ‘chattel’ (usually a piece of equipment or car) is put up as security for the loan. That means if you fail to repay the loan, the creditor can recover the loaned amount by repossessing and selling the car or piece of equipment. This differs from unsecured car loans, where the asset is not tied to the loan and cannot be taken if you don’t meet the repayments. 

How to get a chattel mortgage?

Both businesses and individuals may use a chattel mortgage, provided that the car is being used predominantly for business purposes. 

To apply for a chattel mortgage, you need to first consider your options and choose a suitable lender that meets your requirements. Once you have selected a lender, you can apply for the loan online by filling out a form. If the lender doesn’t offer an online application process, you can either call them or visit their nearest branch. 

After you’ve applied, the lender will ask you to supply documents that confirm your identification, income, job profile, etc. If everything is in order, most lenders will arrange the loan’s settlement, so all you need to do is pick up your car!

Where can I find lenders who offer no credit check car loans?

You can find lenders who offer no credit check car loans through comparison sites like RateCity or by doing an online search.

One thing to bear in mind is that lenders who offer no credit check car loans are likely to charge higher interest rates and higher fees than on car loans that include a credit check. Also, lenders who no credit check car loans might expect you to pay a higher deposit. You might also be expected to provide security.

Lenders regard no credit check car loans as riskier than other car loans, which is why it’s a niche product that often features special conditions.

What is an unsecured car loan?

An unsecured car loan is a loan that is not connected to a form of security, or collateral. Not all lenders provide unsecured car loans – and if they do, they generally charge higher interest rates for their unsecured car loans than their secured car loans.

Who provides bad credit car loans?

Lenders that provide bad credit car loans tend to be smaller challenger lenders rather than the bigger banks.

Bad credit car loans are a niche product. The bigger banks tend to focus on mainstream car loan finance for borrowers with better credit histories. That’s why smaller lenders tend to be the ones that provide bad credit car loans.

Bad credit car loans can have high interest rates and fees, so it’s important to compare options before submitting an application.