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Variable car loan

We can help finance your car and save with our market-first variable rate car loans.

Multi-award winning

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Variable Car Loan
New/Demo

5.99
%
p.a
Rates from**
7.12
%
p.a
Comparison rate*
  • Discounted rates for Home Owners
  • Demo vehicles acceptable up to 7500 kms^
  • Redraw up to $5,000/day for variable rates
  • Up to 7 year loan term
  • Variable rate adjusts with interest rate changes
  • Get Preapproved to confidently secure your car financing
Our Google Rating
4.5
490 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.

Variable

Choose a low rate variable loan and redraw up to $5,000 per day
NOTE: fyi on the ‘low rate'

Work out your car loan repayments

Use our car loan calculator to estimate what your monthly repayments could be.

Your loan details

Reason for loan
Rate type
Repayment frequency
Loan term
%
Most Popular

Variable Car Loan - New/Demo

Loan terms from 3 to 7 years
Get the keys to your dream new car with these low rate car loans!

Interest rate
5.99% p.a.
7.12% p.a.

Estimated repayments#
$657.17 per month
Loan amount
$45,000
Interest charged
$10,202

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.*
Variable Car Loan - Green/Electric 5.84% p.a.** 6.97% p.a.*
Variable Car Loan - Used < 3 years old 6.89% p.a.** 8.02% p.a.*
Variable Car Loan - Used < 5 years old 6.89% p.a.** 8.02% 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.

View car loan calculator

Fees

Application fee

$400
Monthly fee $8
Discharge fee $0
Early termination fee $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.*
Variable Car Loan - Green/Electric Interest Rate: 5.84% p.a.**
Comp Rate: 6.97% p.a.*
Variable Car Loan - Used < 3 years old Interest Rate: 6.89% p.a.**
Comp Rate: 8.02% p.a.*
Variable Car Loan - Used < 5 years old Interest Rate: 6.89% p.a.**
Comp Rate: 8.02% 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.

View car loan calculator

Application fee $400
Monthly fee $8
Discharge fee $0
Early termination fee

$700 in the first and second years of the loan term.

$500 in subsequent years of the loan term (excluding final year).

2024 WeMoney - Best Electric Car loan 2023 WeMoney - Best Usesd Car Loans 2023 Wemoney - Exellent fee Car Loans Gold Award - Best Green Car loan Gold Award - Best New Car Loan
Our car loan products are recognised & awarded by the Australian financial industry

Low rate car loan eligibility

Join our other customers

Excellent service

Excellent service. Easy to complete online with great assistance.

David L.
30 May 2025

Smooth and stress-free

I’m truly grateful to loans.com.au for securing a loan for me with such a great interest rate. From the very beginning, they were professional, responsive, and incredibly helpful throughout the whole process. They made everything smooth and stress-free, and I felt supported every step of the way.

Mostafa M.
29 May 2025

Fantastic to work with

Sharon and Harriet have been fantastic to work with. Their bosses are very lucky to have these two employees. They make the business a pleasure to engage with.

Joel F.
28 May 2025

Helpful and professional

The two ladies I delt were really helpful and professional couldn't be happier with the outcome.

Daniel H.
26 May 2025

Fast approval

Amazing service. Trina went above and beyond to make it an easy and fuss free experience!! Easy online portal to upload documents and fast approval. Our second loan through them and would use again and again!

Danielle T.
21 May 2025

Speed, efficiency, and real human support

Trina’s support made all the difference, and I can’t thank her enough! If you're looking for a loan provider that combines speed, efficiency, and real human support, I highly recommend Loans.com.au.

Michael I.
09 May 2025

Very professional

Very professional, always maintain contact through out the process and quick to respond when calling or emailing. Overall process was quick and easy. Thumbs up 👍 would definitely use them again.

Stewart O.
05 May 2025

Great outcome

Thankyou Tiffany for being so kind, warm, friendly, and helpful to my husband and I. Its people like you that make life's decisions so much easier. We need more people like you and your personality doing the type of service you offer. Thankyou for all your support for a great outcome.

Donna A.
30 Apr 2025

Excellent customer service and support

Thanks to the hard work and commitment of both Emira and Cherie, I felt confident and well-supported at every step. I would highly recommend Loans.com.au to anyone seeking car finance solutions, and I look forward to working with your team again in the future.

Avi I.
29 Apr 2025

Highly recommended

Great to deal with kept us up-to-date every step of the way with the refinancing would highly recommend them.

Bradley P.
28 Apr 2025

Less stressful

Brent is the best lending manager I have ever dealt with. Patient, friendly and knowledgeable. Always willing to help and also provide options to consider so that I don't miss out anything. This made my purchase and refinance of investment property much less stressful

Jason P.
15 Apr 2025

Hassle free

Helen, Sharny and the loans.com.au team have been excellent to work with. Jason and I have never had such good communication with a bank. The whole loans process from start to finish has been hassle free and having the onTrack app makes keeping track of where you are in the process, easy. Would definitely recommend.

Sally C.
14 Apr 2025

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

1

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.

2

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.

3

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.

4

Settle

Your loan will settle and you'll start enjoying the benefits of your low-rate car loan!

Variable Car Loan FAQs

Because we are an online lender with no branches or brick-and-mortar costs, we can pass on these savings to our customers through our low variable car loan rates.

A variable interest rate changes frequently, meaning loan repayments can increase and decrease each payment. A fixed interest rate remains the same for the entire loan term, meaning repayments will always be the same.

You can redraw a maximum of $5000 per day, however it will ultimately depend on the funds in your redraw account. For example, if your redraw account only has $2000, then you can redraw a maximum of $2000.

A redraw facility allows you to make additional loan repayments, with the bonus of being able to redraw funds if you’re in need of extra money.

Smart friends

Real Good Rewards

As a loans.com.au customer, if you refer a new customer to us we’ll reward you.

$1,000 New Home Loan Customer
$250 New Car Loan Customer
View offer

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.

Ready to get the keys to your new car?

Complete our quick application form to find out if you qualify.

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