Balloon payment car loans

Get your motor running with our competitive interest fixed rate car loans. Apply now.

Multi-award winning

Variable Car Loan
New/Demo

5.99

p.a

Rates from**

7.12

p.a

Comparison rate*

Fast approval
Drive away tomorrow
Flexible repayment options
Balloon payment optional
We're awarded! Get pre-approved today

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Our Google Rating

4.5

481 reviews

What are my options when the balloon payment is due?

Make the balloon payment

Paying off the final loan balance owed with your own cash, meaning you have complete ownership of the vehicle.

Trade in the car

This option is much like selling the car, with the balloon payment forming part of the payment for the new vehicle.

Sell the car

This will cover the cost of the balloon payment, at which point you may decide to buy a new car and apply for another loan.

Refinance the loan

You may refinance the balloon payment so you can pay it in off in smaller instalments, rather than in one lump-sum.

What is a car loan balloon payment?

Learn more about balloon repayment

Secure a car loan with a balloon payment

Apply Now

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

Sienna

Car loan customer

What other customers are saying

Good service

“Very good rates and good service„

Jitendra G.

09 Apr 2025

Each experience has been smooth and reliable

“Friendly staff with a highly professional approach to the finance industry. I would highly recommend working with the team at loans.com.au. This is my third time using their services, and each experience has been smooth and reliable.„

Kevin W.

08 Apr 2025

Very helpful, making the process easy

“The staff were very helpful, making the process easy. I was slow at times to respond but they cheerfully dealt with this until I was approved. I am very impressed.„

Kendall H.

01 Apr 2025

Incredibly helpful throughout the process

“Sharon and Team at loans.com were amazing. She was happy to answer and explain all my questions thoroughly. Every interaction with Sharon and the Team was supportive, willing to listen and provide help when needed. Will definitely recommend Loans.com especially working with Sharon and Lee Li.„

Aman P.

01 Apr 2025

Straightforward

“Straightforward, pleasant, very helpful staff.„

Liz M.

30 Mar 2025

Very helpful and understanding

“Tannah was very helpful and understanding. It's been a very smooth process and great communication on their part!„

Billy T.

28 Mar 2025

Very smooth

“Fabulous Team, thank you so much for a very smooth & successful application!„

Maree L.

27 Mar 2025

Smooth and fast process

“Friendly customer service. Smooth and fast process without any hassle. Had the loan settled within 2 days of providing necessary documents. A big thank you to Cherie and Rena for their kind and prompt assistance„

Surani F.

14 Mar 2025

Lowest interest rates and easy service

“Returning to loans.com.au for lowest interest rates and easy service.„

Kylie H.

14 Mar 2025

Great service

“Great people and great service. Went smoothly and swiftly„

Danny K.

02 Mar 2025

Excellent Service & Fast Process!

“I had a fantastic experience with Loans.com.au. Their advisors were friendly, clear, and ensured my application was in top shape before submission, maximizing the chances of approval. I was thrilled that the entire process was completed in just one day, with settlement happening the very next day! Special thanks to Aichi and Liam for their outstanding support. Highly recommend!„

Sai P.

03 Feb 2025

Excellent communication

“Excellent communication that was timely and thoughtful. Thank you to Sharon for her help through this process.„

Bek D.

27 Jan 2025

Our Google rating

4.5 481 reviews

As seen on...

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

Your loan will settle, and you’ll enjoy your new loan rate.

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.*

Fixed	Interest Rate:	Comparison Rate:
Fixed Car Loan - New/Demo	6.59% p.a.**	7.72% 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).

Rates

Variable

Variable Car Loan - New/Demo	Interest Rate: 5.99% p.a.**
	Comp Rate: 7.12% p.a.*

Fixed

Fixed Car Loan - New/Demo	Interest Rate: 6.59% p.a.**
	Comp Rate: 7.72% 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).

Apply now

View Product Brochure

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

Frequently asked questions

How does a balloon payment work?

If added to your loans.com.au car loan, a balloon payment is a one-off lump sum that you have agreed to pay us, at the end of your car loan term.

This one-off final payment will account for a large proportion of your car loan so that your regular car loan repayments can be reduced each month, as a result.

It’s important to note - the balloon repayment option is only available if you get a fixed rate car loan , and will not be available for the variable car loan.

How quickly can I get approved for a car loan?

You could get pre-approval on your 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 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 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 so you can collect your car.

What is pre-approval?

You can save yourself a lot of time and heartache if you get pre-approval for a loan before negotiating for a 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.

Konnie

Lending Specialist

Ready to speak to a real person about balloon payment car loans?

Meet Konnie. Get help from a friendly member of our Australian-based car lending team.

Let's talk

Balloons available for <5 yr term

Speak with one of our lending specialists today to find out how to get pre-approved for your next car loan.

Apply Now

Balloon payment car loans

Variable Car Loan
New/Demo

What are my options when the balloon payment is due?

What is a car loan balloon payment?

Work out your car loan repayments

Your loan details

Fixed Car Loan - New/Demo

Secure a car loan with a balloon payment

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