New Car Loan

Q: LCA - FAQ - How long are new car loans?

At loans.com.au, we offer car loans for either a 3 to 7 years + .

Q: LCA - FAQ - Can you refinance a new car loan?

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?

Q: LCA - FAQ - What counts as a new car?

A new car is one that is sold in its original condition, usually at a car dealership and has never had any previous owners.

Q: LCA - FAQ - What documents do you need for a new car loan?

To apply for a new car loan, you’ll need one payslip, 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?

Q: LCA - FAQ - What to look for when comparing new car loans?

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.

Q: LCA - FAQ - What is pre-approval?

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.

Q: LCA - FAQ - How quickly can I get approved for a new car loan?

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.

Q: LCA - FAQ - What is the process to get to settlement?

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.

Q: LCA - FAQ - Can you apply for new car finance online?

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

Q: LCA - FAQ - Can you get a balloon repayment with a new car loan?

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.

Ready for a new car? We can help with low rates, and quick approvals.

Multi-award winning

New Car Loan

6.24

p.a

Rates from**

7.36

p.a

Comparison rate*

Discounted rates for Home Owners

Demo vehicles acceptable up to 5000kms^

Redraw up to $5,000/day for variable rates

Balloon option available for fixed rates

Up to 7 year loan term+

Fast Approval times

Apply Now

Our Google Rating

4.5

447 reviews

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

Variable Rate:

6.24% p.a.**

Comparison Rate:

7.36% p.a.*

Fixed

Fixed Rate:

6.89% p.a.**

Comparison Rate:

8.01% p.a.*

Key Features

Flexible loans

Approval within 24 hours~

Borrow from $5,000

Easy online process

Access your account via Smart Money app

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$166 per week^#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.24% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$400

Monthly fee

Discharge fee

Rates

Variable

Variable Rate:

Comp Rate:

6.24% p.a.**

7.36% p.a.*

Fixed

Fixed Rate:

Comp Rate:

6.89% p.a.**

8.01% p.a.*

Key features

Flexible loans

Approval within 24 hours~

Borrow from $5,000

Easy online process

Access your account via Smart Money app

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$166 per week^#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.24% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$400

Monthly fee

Discharge fee

Apply now

View Product Brochure

Our car loan products are recognised & awarded by the Australian financial industry

Low rate car loan eligibility

Apply now

“I was updated along the track and it all turned out perfectly. I would certainly recommend loans.com.au to other car buyers.”

Sienna

Car loan customer

Join our other customers

Could not recommend them enough

“Kimberley was wonderful, very informative, and patient. Communication was on point and all-around professional and friendly throughout the process.„

Jillian G.

14 Sep 2024

Got what I needed very quickly

“Great rates, easy to use, simple process. Got what I needed very quickly„

Lachlan J.

12 Sep 2024

I highly recommend this lender

“I switched my home loan from a big bank to Loans.com.au and was pleasantly surprised by their competitive rates and sleek web banking platform.„

Alex A.

02 Sep 2024

More than exceptional

“My experience with loans.com.au was more than exceptional. Ray was nothing short of amazing throughout this process. I highly recommend loans.com.au!„

Matthew P.

23 Aug 2024

Very professional and polite

“This is a very good organization. Less than a week turnaround, and they were very professional and polite. I recommend this business.„

Drew D.

19 Aug 2024

Easy application process

“By far the best lender I've ever dealt with. Sooooo much better than any of the big 4. Easy application process and great customer service.„

Lisa S.

16 Aug 2024

Highly recommended

“It is great experience working with Sonia from Loans.com.au. She is very knowledge, good communicator, follow up and responds quickly which helped to get the approval in few days exceeding my expectation.„

Rajesh M.

29 Jul 2024

Very Happy with Jessica's service

“Very Happy with Jessica's service so far. She is knowledgeable and efficient, and always available to answer my questions. The portal is also very easy to use. Thank you.„

Cristina R.

09 Jul 2024

Would definitely recommend Loans.com.au

“Would definitely recommend Loans.com.au, very competitive loan rate, app simple to use, staff easy to talk to.„

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08 Jul 2024

Best experience

“We had the best experience getting a loan with the loans.com.au. Everyone we spoke to was friendly and transparent with communications. We really appreciated all the effort the loans.com.au team put into turning around our finance approval <3„

Stamatia B.

04 Jul 2024

Outstanding customer service!

“I had an excellent experience with loans.com.au while securing my car loan. Rena and Crystal provided exceptional service throughout the entire process. They were knowledgeable, efficient, and always available to answer my questions.„

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17 Jun 2024

Unbelievable result

“Unbelievable result achieved by amazing team of professionals! I’m really grateful to loans.com.au for saving my property deal and will recommend everyone to use their services. Thank you!„

Alexander S.

15 Jun 2024

Our Google rating

4.5 447 reviews

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It's fast & easy to get a loan with loans.com.au

Apply online

Simply fill out your loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.

Speak to a specialist

You will then have a phone appointment with one of our lending specialists to finalise your application, and help you progress through the loan approval process through to settlement as quickly as possible.

Upload documents (OnTrack)

After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.

Settle & save

Your loan will settle and you'll start saving with your new loan rate!

Apply Online

How it works

New Car Loan FAQs

How long are new car loans?

At loans.com.au, we offer car loans for either a 3 to 7 years⁺.

Can you refinance a new car loan?

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?

What counts as a new car?

A new car is one that is sold in its original condition, usually at a car dealership and has never had any previous owners.

What documents do you need for a new car loan?

To apply for a new car loan, you’ll need one payslip, 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?

What to look for when comparing new car loans?

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.

What is pre-approval?

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.

How quickly can I get approved for a new car loan?

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.

What is the process to get to settlement?

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.

Can you apply for new car finance online?

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

Can you get a balloon repayment with a new car loan?

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.

Konnie

Lending Specialist

Ready to talk with a real person about our low-rate car loan?

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New Car Loan

New Car Loan

Why choose an award winning low-rate car loan?

Work out your car loan repayments

Your loan details

New / Demo - Special

A low rate car loan that looks just like this

Here’s your new offer

Variable

Fixed

Low rate car loan eligibility

“I was updated along the track and it all turned out perfectly. I would certainly recommend loans.com.au to other car buyers.”

Join our other customers

Our Google rating

As seen on...

It's fast & easy to get a loan with loans.com.au

New Car Loan FAQs

How long are new car loans?

Can you refinance a new car loan?

What counts as a new car?

What documents do you need for a new car loan?

What to look for when comparing new car loans?

What is pre-approval?

How quickly can I get approved for a new car loan?

What is the process to get to settlement?

Can you apply for new car finance online?

Can you get a balloon repayment with a new car loan?

Ready to talk with a real person about our low-rate car loan?

Smart friends

Real Good Rewards

Ready to get the keys to your new car?

New Car Loan articles

Guide to Buying a New Car

How to Finance Your New Car

How to save for a new car

Buying a new car checklist

10 key questions to ask when buying a new car

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