Variable Car Loan
We can help finance your car and save with our market-first variable rate car loans.
Our car loans
- Demo vehicles acceptable up to 5000kms
- Redraw up to $5,000 per day
- Up to 7 years loan term
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.
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.
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.
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.
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.
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.
Variable Car Loan Rates
Our Car Loan Interest Rates
Car loan Type
Interest rate p.a.**
Comparison rate p.a*
Monthly fee
Rate type
Balloons available
New / Demo -Special^
6.24%
7.36%
$8.00
Variable
No
Used < 3 years
7.74%
8.85%
$8.00
Variable
No
Used < 5 years
7.74%
8.85%
$8.00
Variable
No
Special^
< 3 years
< 5 years
Want to see more car loan options? Compare our car loans
Want to see more car loan options? Compare our car loans
Our super-low car loans make it easier to drive away in your dream car sooner.
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“Great customer service, thanks Ray!„
“Ray was simply amazing! He took on my crazy timing request and helped drive the process to conclusion. Took some of the stress out of purchasing a property!„
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“Had full formal approval within 10 days from applying online. Hassle free, transparent and above all else a really competitive interest rate. Thanks all for making an incredibly stressful and high stakes event so seamless. HIGHLY recommend!„
“Brilliant service, timely manner for response and a quick turn around in approval. Will definitely be recommending.„
“I can not thank Ray Glowaski enough from the very start Ray was extremely helpful right through to my approval he even followed up with a congratulations call. Thank you, Ray and thank you First Mac highly recommended 👍👍„
“Ray has been so helpful, professional and most of all prompt especially as time was of the essence. Ray's experience in this field is evident by the way he guided me through the process to obtain finance. I love that I could upload my docs which made the process quicker.„
“Quick and easy settlement with good online portal for document submission and clear instructions as to what documents are required.„
“Easy to deal with, friendly staff, talk with real people from first phone call.Extremely happy.„
“Straightforward and pain free process from start to finish. Very helpful and knowledgeable staff. So easy to deal with.„
Calculate your car loan repayments.
Estimate your monthly car loan repayments with our calculator below.
Your estimated repayments are
How to easily apply for a variable rate car loan
Application
Simply fill out your car 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.
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.
Speak to specialist
You will then have an appointment with one of our lending specialists to organise your preliminary approval of your loan, and help you progress through the car loan approval process through to settlement as quickly as possible.
Signing document
Check onTrack to received your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack, which authorises us to deal directly with your existing lender.
Settlement
Your loan will settle so you can make payment to the dealer. You'll start saving with your new low rate, and get your keys to your new dream car!
Access your account
Once settlement is complete, we will send your login credentials to start managing your payments in the Smart Money app.
Variable car loan FAQs
Why choose loans.com.au?
Low interest rates
Being an online lender with fewer overheads means we’re able to pass on the savings to our customers.
Australian based
Get help when you need it from our friendly team of Australian based, lending specialists.
Flexible options
Whether you’re looking to buy new or used at a dealership, or purchase a used car privately, we are sure we have a car loan that can assist you.
Award winning
We keep on winning awards for our products, innovations and customer service, year after year!
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 $16 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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With a good credit score, you’ll have a better chance of getting your car loan application approved with the best interest rates. If you have a not so stellar credit score, there are ways you can improve it.
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If you are in the market for a car loan, aside from interest rate, one of the key factors to consider is the car loan term - but how do you choose the right term length?
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How to Calculate Your Car Loan Interest
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