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What’s so great about our variable car loan?
If you’ve got your eye on your next car, we’re here to help you finance with our low variable rate.
With the same quick and easy online application process as our other car loans, you can apply in under 2 minutes and get approved within 24 hours. We want to help you save, so we charge NO monthly, annual or ongoing fees to help you focus on paying off your car loan sooner.
You will have access to a redraw facility, allowing you to make additional repayments and redraw up to $5000 per day.
It’s important to note, balloon repayments are not an option with our variable car loans.
Get started
Apply online in 2 minutes or speak to one of our car loan specialists who will take care care of all the paperwork for you. Applying is quick and easy, and you will get approval in 24 hours~ so you can start saving sooner. With loans.com.au you can have confidence in dealing with Australia’s largest non-bank lender.
Our Variable Car Loan Interest Rates
Car Loan Type
Green - Hybrid or electric
Interest rate p.a.**
3.14%
Comparison rate p.a.*
3.68%
Rate Type
Variable
Balloons available
No
Car Loan Type
New - Special^
Interest rate p.a.
3.24%
Comparison rate p.a.
3.78%
Rate Type
Variable
Balloons available
No
Car Loan Type
New
Interest rate p.a.
3.84%
Comparison rate p.a.
4.38%
Rate Type
Variable
Balloons available
No
Car Loan Type
Used Car < 5 years
Interest rate p.a.**
3.84%
Comparison rate p.a.*
4.38%
Rate Type
Variable
Balloons available
No
Car Loan Type
Used 6 - 7 years
Interest rate p.a.
4.54%
Comparison rate p.a.
5.08%
Rate Type
Variable
Balloons available
No
Car Loan Type
Used 8+ years
Interest rate p.a.
8.44%
Comparison rate p.a.
9.01%
Rate Type
Variable
Balloons available
No
Want to see more car loan options? Compare our car loans.
Get ahead with $1000 in fuel! All you have to do is settle a car loan with us and you’re in the running to win. T&Cs apply.
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3.14%
variable rate p.a.** -
3.68%
comparison rate p.a.*
Top reasons to choose this loan
Low rates
Our variable car loan offers flexible low rates that are the lowest rate in the market.
Market-leading car loan
One of the first variable car loans in Australia that is lower than other lenders.
Apply in minutes, approval in 24 hours~
Apply for a variable car loan at the click of a button, and find out if you’ve been approved within a day.
No ongoing, monthly or annual fees
We won’t charge you any ongoing, monthly or annual fees, so you can focus on paying your car loan off and own your car sooner.
Redraw up to $5000 per day
You can take advantage of the redraw facility and make additional loan repayments, and access the money if you need it! You’ll be able to redraw up to $5000 per day, great for emergencies and rainy days.
Easy online process
It is extremely quick and easy to apply for a car loan with us, with the simple application form taking less than 2 minutes! From there, you can manage your application and documents through our easy-to-use app onTrack, and then once approved, manage your payments in our Smart Money online services platform. Plus, our team is here to answer any questions you have at any step along the way.
Low rates
Our variable car loan offers flexible low rates that are the lowest rate in the market.
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Market first car loan
One of the first variable car loans in Australia that is lower than other lenders.
Apply in minutes, approval in 24 hours~
Apply for a variable car loan at the click of a button, and find out if you’ve been approved within a day.
No ongoing, monthly or annual fees
We won’t charge you any ongoing, monthly or annual fees, so you can focus on paying your car loan off and own your car sooner.
Redraw up to $5000 per day
You can take advantage of the redraw facility and make additional loan repayments, and access the money if you need it! You’ll be able to redraw up to $5000 per day, great for emergencies and rainy days.
Easy online process
It is extremely quick and easy to apply for a car loan with us, with the simple application form taking less than 2 minutes! From there, you can manage your application and documents through our easy-to-use app onTrack, and then once approved, manage your payments in our Smart Money online services platform. Plus, our team is here to answer any questions you have at any step along the way.
How to easily apply for a variable car loan
We make borrowing to buy your next car simple. Here’s how to get the keys to your car at a low variable rate in a few easy steps.
Apply in minutes
Apply in minutes
Simply apply online for a variable car loan 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. It takes only 2 minutes to complete.
Submit your documentation
Submit your documentation
After your application is complete, use our app onTrack on your desktop or mobile device to log in and add your documentation such as payslips and bank statements, and track the progress of your application.
Preliminary approval
Preliminary approval
You'll then chat to one of our lending specialists to organise preliminary approval of your loan, and help you progress through the variable car loan approval process through to settlement as quickly as possible.
Purchase document & loan agreement
Purchase document & loan agreement
Check onTrack to receive your final approval and loan agreement. You must sign these and return them in to onTrack to progress to settlement.
Settle & get the keys
Buy your car
Once your loan settles, we will make the payment to the dealership. You'll start saving with your new low rate, and get your keys to your new car!
Once settlement is complete, we will send your login credentials to start managing your payments in the Smart Money app, and you’ll start saving with a low variable car loan.
Variable Car Loan FAQs
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.
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.
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.
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.
Read some of our real good feedback.
Our Google Rating
“ The entire team were all very patient as it took a long time for us to find a property
Extremely happy with these guys. I checked them out initially for their low rates but was most pleased with the various team members who helped arrange my loans, especially Ray the lending manager - absolute legend and he deserves a raise - such a great guy who sorted us out all along the way and explained everything very clearly. The entire team were all very patient as it took a long time for us to find a property, including a few false starts at auction. No wait times on the phone with them either. 100% recommended, especially after my experience of being with a major lender for a long time and paying above market interest rates for my loyalty.„
Lawrence I.
April 28, 2022
“ Friendly and efficient service
Seamless experience. Friendly and efficient service.„
Garth W.
April 25, 2022
See how low your car loan repayments could be.
Why do people choose us?
loans.com.au is an award-winning online lender that is proudly Australian and based in the heart of Brisbane, with offices in other capital cities.
Low interest rates
We can offer extremely low rates because our online model is so efficient. Fewer overheads mean doing business costs less and those savings translate directly into lower interest rates and fees for our customers.
Australian based support team
We have an experienced, Australian based team. At every step of the way, you’ll talk to a real person from our friendly team of lending specialists who are here to help you.
Flexible options
No matter what car you’re looking at, it’s likely we can help you. If you’re at the dealership, we can assist with anything from brand new cars to cars up to 12 years old. Plus, you can choose either a low rate variable or fixed loan, and a balloon payment may be optional.
Award winning
By keeping our interest rates low and revolutionising the loan application process, we keep on winning awards for our products, innovations and customer service, year after year!
Hassle free
For both our home and car loans, you can find out if you pre-qualify in just minutes. The application process is simple, online, plus we’re here to help at each step of the way.
onTrack advantage
onTrack is our online app which allows you to complete your home loan application on your device from initial contact through to settlement and beyond. In onTrack you can complete your loan application in your own time, as it suits you.
At loans.com.au, we help people into their dream homes and cars.
For the last 10 years, thousands of Aussies have trusted our experienced & locally based team with some of their biggest financial decisions - buying a home, a new car or refinancing to save on interest.
Our customers trust us to support them with low home loan and car loan rates, approved quickly through our easy-to-use online app.
loans.com.au is completely safe and financially backed by Firstmac, Australia’s 12th largest lender. Firstmac has been operating successfully for more than 40 years, and has $15 billion in mortgages under management, as Australia’s leading non-bank lender.
We are also actively involved in our local community with our loans.com.au Women, Children & Community Program designed to support Australian charities on their mission to raise awareness for important causes.
Read our storyGuide to buying a car
Most people have questions as they start on the car buying journey, so we have pulled together some articles to help you.
From tips on how the car loan process works, to information on buying a car, you can find it here.
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