New Car Loan
Ready for a new car? We can help with competitive rates, and quick approvals.
Multi-award winning
Variable Car Loan
New/Demo
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Discounted rates for Home Owners -
Demo vehicles acceptable up to 7500kms^
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Redraw up to $5,000/day for variable rates
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Up to 7 year loan term
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Variable rate adjusts with interest rate changes
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Get Preapproved to confidently secure your car financing
Why choose an award winning low-rate car loan?
Approval within 24 hours~
Apply online and if you qualify, you’ll know your budget to find your new car.
From 3 - 7 year loan term
Enjoy the flexibility of 3 to 7 years loan term, and you decide if you pay weekly, fortnightly or monthly.
$5,000 to $150,000
We offer car loans from as little as $5,000 to get you on the road in the right car for you.
Fixed or variable
Choose either a low rate variable loan and redraw up to $5,000 per day, or a low rate fixed loan.
A low rate car loan that looks just like this
Here’s your new offer
Rates
Variable
Interest Rate:
Comparison Rate:
Variable Car Loan - New/Demo
5.99% p.a.**
7.12% p.a.*
Fixed
Interest Rate:
Comparison Rate:
Fixed Car Loan - New/Demo
6.59% p.a.**
7.72% p.a.*
Key Features
Flexible loans
Approval within 24 hours~
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app
Repayments
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$164 per week#
The weekly repayment estimate is based on a $45,000 loan over 7 years at 5.99% p.a. paying variable rate.
Fees
Application fee
$400
Monthly fee
$8
Discharge fee
$0
Early termination fee
Variable
$0
Fixed
$700 in the first and second years of the loan term.
$500 in subsequent years of the loan term (excluding final year).
Variable
Variable Car Loan - New/Demo
Interest Rate:
5.99% p.a.**
Comp Rate:
7.12% p.a.*
Fixed
Fixed Car Loan - New/Demo
Interest Rate:
6.59% p.a.**
Comp Rate:
7.72% p.a.*
Flexible loans
Approval within 24 hours~
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$164 per week#
The weekly repayment estimate is based on a $45,000 loan over 7 years at 5.99% p.a. paying variable rate.
Application fee
$400
Monthly fee
$8
Discharge fee
$0
Early termination fee
Variable
$0
Fixed
$700 in the first and second years of the loan term.
$500 in subsequent years of the loan term (excluding final year).
Our car loan products are recognised & awarded by the Australian financial industry
| Rates |
|
| Key Features | Flexible loans | |
| Approval within 24 hours~ | ||
| Borrow from $5,000 to $150,000 | ||
| Easy online process | ||
| Access your account via Smart Money app |
| Repayments | Frequency | Weekly, monthly or fortnightly |
| Estimated repayments | $164 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 5.99% p.a. paying variable rate. |
| Fees |
Application fee |
$400 |
| Monthly fee | $8 | |
| Discharge fee | $0 | |
| Early termination fee | Variable $0 Fixed $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year). |
Variable |
||
| Variable Car Loan - New/Demo | Interest Rate: 5.99% p.a.** |
| Comp Rate: 7.12% p.a.* |
Fixed |
||
| Fixed Car Loan - New/Demo | Interest Rate: 6.59% p.a.** |
| Comp Rate: 7.72% p.a.* |
| Flexible loans | |
| Approval within 24 hours~ | |
| Borrow from $5,000 to $150,000 | |
| Easy online process | |
| Access your account via Smart Money app |
| Frequency | Weekly, monthly or fortnightly |
| Estimated repayments | $164 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 5.99% p.a. paying variable rate. |
| Application fee | $400 |
| Monthly fee | $8 |
| Discharge fee | $0 |
| Early termination fee |
Variable $0 Fixed $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year). |
Real-life customer stories
Gopal
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Our car loan application process
Apply Online
Complete your car loan application through our online platform.
Speak to your Specialist
Chat with your lending specialist, who’ll guide you through the next steps and help you secure pre-approval.
Upload & Track
Submit your documents and monitor your application in real time via our onTrack portal.
Approval & Signing
Review and sign your car loan documents and loan agreement via onTrack.
Settlement
After your car loan settles, the funds will be ready and paid directly to the seller.
Manage Your Loan
You'll receive your login details to manage your repayments and account details via our Smart Money app.
New Car Loan FAQs
At loans.com.au, we offer car loans for either a 3 to 7 years
You are able to refinance your car loan after you’ve purchased your car. At loans.com.au, we have a simple car loan refinance process to help you get a lower rate on your car loan so you can stop paying too much on your car loan repayments. For the documents you’ll need to refinance your car loan, watch our video here:
What documents do I need to refinance a car loan?
A new car is one that is sold in its original condition, usually at a car dealership and has never had any previous owners.
To apply for a new car loan, you’ll need two most recent consecutive payslips, the vehicles details, a list of your assets, a list of your liabilities and the proposed vehicles details. For a full list of the documents you’ll need to gather to apply for a new car loan and the process for application, you can watch our video here:
What documents do I need to apply for a car loan?
When comparing car loans, you should not only consider the base rate, but the comparison rate, loan term in number of years, if there are any extras available such as a balloon repayment.
You can save time and heartache if you get pre-approval for a loan before negotiating for your new car. Also known as preliminary approval, pre-approval is an offer from us to lend you an agreed amount, subject to full approval. Pre-approval remains valid for 60 days. To gain full approval, you'll need to supply more supporting documents and updated information.
You could get pre-approval on your new car loan in around 30 minutes, and we can have the loan settled in 2-4 business days, pending all the lending criteria is met.
In short, the process to get to settlement involves you applying, speaking to a car lending specialist, and uploading your documents. loans.com.au may then approve your loans, issue the documents and you settle, and we then pay the funds to the dealer so you can collect your car.
You absolutely can, and we’re here to help you do it. At loans.com.au, we make the new car loan process easy from application to settlement. Chat to one of our car loan specialists today and they can help you with your new car loan application today. For information on how to get a new car loan online, watch our video here:
How to get a car loan to buy a car
You certainly can! A balloon payment is a one-off lump sum that you might agree to pay your lender at the end of your car loan’s term.
This one-off final payment will account for a large proportion of your car loan so your regular car loan repayments can be reduced as a result.
It’s important to note - the balloon repayment option is only available if you get a fixed car loan, and will not be available for the variable car loan.
Andrew
Lending Specialist
Ready to talk with a real person about our low-rate car loan?
Get help from a friendly member of our Australian-based car lending team.
A guide to car loans
If you are looking at car finance to purchase your next car and have lots of questions, our guide contains our loan process, what documents you'll need, preapproval, tips and more.
We're help to help you when you may need us.
Signs it’s time to buy a new car
Cars don’t last forever no matter how much we want them to. There will come a day when getting a new set of wheels is a must, but when? If you’re unsure about buying a new car, here are a few signs that could mean it’s time.
Car loan deposit: Pros & Cons
A car deposit, also known as a downpayment, is a portion of the car finance you pay upfront. The amount you spend on your downpayment will be deducted from your car loan’s principal amount.
What should you look for in a car loan?
If you’re new to the world of car finance, we’ve compiled a quick list of what you need to keep an eye out for when searching for the best car loan.
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