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Our car loans

Car Loan Interest Rate Comparison Rate Weekly Repayment Product Features Details

Green / Electric Car Loan

6.09 %   p.a. 7.21 %   p.a. $165
  • Discounted rate on qualifying electric cars
  • Redraw up to $5,000 per day
  • Up to 7 years loan term
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New / Demo - Special

6.24 %   p.a. 7.36 %   p.a. $166
  • Demo vehicles acceptable up to 5000kms
  • Redraw up to $5,000 per day
  • Up to 7 years loan term
Get started
#Based on the dollar value in the search field with P&I repayments based on a 7-year loan term, not including monthly fee and balloon payment.
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Our car loan products are recognised & awarded by the Australian financial industry. View all awards

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.

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Talk to a car loan expert

Book a time that suits you to chat with a new car loan specialist and we’ll take care of the paperwork for you.

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Ready to apply or want pre-approval?

Give us a call on 13 10 90, or simply start your application online.

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.

Our variable car loan offers flexible low rates that are the lowest rate in the market.

One of the first variable car loans in Australia that is lower than other lenders.

Apply for a variable car loan at the click of a button, and find out if you’ve been approved within a 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.

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

NO BALLOON AVAILABLE
New / Demo -
Special^
6.24%
7.36%
 
Var rate p.a
Comp rate p.a.*
Monthly fee: $8.00
Used
< 3 years
7.74%
8.85%
 
Var rate p.a
Comp rate p.a.*
Monthly fee: $8.00
Used
< 5 years
7.74%
8.85%
 
Var rate p.a
Comp rate p.a.*
Monthly fee: $8.00

Want to see more car loan options? Compare our car loans

Want to see more car loan options? Compare our car loans

New / Demo - Special image

Our super-low car loans make it easier to drive away in your dream car sooner.

Looking for a new Car?

Source your new Car through OnlineAuto, finance it with loans.com.au and get rewarded!

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Join our other loans.com.au customers

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.

Rohit P.
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

Best company for organizing loans

If you ask me who is the best company for organizing loans, I will tell you: it is loans.com.au. I had an excellent experience with them. Sonia, who helped us to get the loan in just 3 days exceeded my expectations. It was done very professionally, without any stress. I would definitely recommend loans.com.au to borrow money from.

Svetlana S.
14 Jun 2024

kind and so helpful

Loans.com.au made it so easy to get my car loan. I was quite overwhelmed when I first started looking in to a loan but once I spoke to Garth, he explained everything so clearly and answered all of my questions without any hesitation. He was so kind and so helpful, and so was everybody else I spoke to within the team.

Jasmin R.
01 Jun 2024

Very helpful with clear communication and quick responses

Ray and Jordan at Loans.com.au have helped us to acquire the mortgage in a short time. They are very helpful with clear communication and quick responses. Definitely recommend anyone give them a go!

Vincent L.
08 May 2024

Exceptional service!

Exceptional service! Grateful to Ray for guiding us through the home loan process for our first home. His expertise, responsiveness, and personalised approach made everything smooth. Highly recommend. Thank you Ray and team.

Mary H.
18 Mar 2024

Very easy process

Very easy process with a friendly lending manager to guide you through.

Helen D.
25 Feb 2024

A big thanks to loans.com.au

My experience in getting a loan from Loans.com.au has been great. I think I was also fortunate in getting a highly experienced loan officer Ray Glowacki who was able to evaluate the circumstance and offer me the most suitable product.

FRANK D.
31 Jan 2024

Extremely helpful

Ray has been extremely helpful in setting up my refinance, he made the process so easy and was happy to take the time to answer all my questions. Thanks Ray!

Tamara W.
17 Jan 2024

Helpful!

Ray was an absolute pleasure to work with. His knowledge and years of experience meant he was able to assess our complex situation to find the best outcome for us. Ray thank you so much for your help and support every step of the way!

Samantha S.
16 Dec 2023

Professional and less stressful application

A big thanks to Ray and his team for making this process seamless. Professional advice and communication throughout the process. Professional and less stressful application than with any other we have been involved in before.

Gareth W.
12 Dec 2023

Calculate your car loan repayments.

Estimate your monthly car loan repayments with our calculator below.

Estimated savings from repayments graph

Your estimated repayments are

$676.22
$45,000
$5,961
$50,961

Calculator assumptions

Save thousands on your car loan

Save the planet. Save thousands on your car loan.

6.09%
variable rate p.a.^
7.21%
comp rate p.a.*
Discounted rate on qualifying electric cars
Approval within 24 hrs~
Flexible loan terms
FIND OUT MORE

How to easily apply for a variable rate car loan

1
Application

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.

2
onTrack

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.

3
Speak to specialist

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.

4
Signing document

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.

5
Settlement

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!

6
Access your account

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

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.

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!

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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 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 story

Guide 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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