loans.com.au car loans
loans.com.au, Australia's Home of Loans has been making it easier for Aussies to access great value home and car loans since 2011. We've helped thousands of customers save with award-winning loans, consistently low rates, fast approval, and a seamless digital experience. Our Australian-based lending specialists are on hand to support our customers in securing a competitive car loan rate to finance their purchase of a new, used or electric vehicle.
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Why choose loans.com.au
loans.com.au Car Loans
Car Loans calculator
Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
Total interest
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the car loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
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 $150,000 and pay it off over a loan term of up to seven years.
loans.com.au charges a one-off establishment fee on its car loans and an $8 monthly fee applies. 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 12am.
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 12 years upon commencement of loan term.
- Vehicle must be purchased through a dealership or private sale.
- 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.
- Go to the car loans section of loans.com.au.
- Select your preferred loan term and indicative rate. Hit ‘Apply now’.
- Fill in and submit the application form.
- 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 $150,000, on loan terms of up to seven years.
loans.com.au charges a one-off setup fee and an $8 monthly fee. 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.
