Balloon payment car loans
Get your motor running with our competitive interest fixed rate car loans. Apply now.
Variable Car Loan
New/Demo
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Fast approval -
Drive away tomorrow
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Flexible repayment options
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Balloon payment optional
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We're awarded! Get pre-approved today
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.
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Sienna
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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.
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.*
Fixed
Fixed Car Loan - New/Demo
Interest Rate:
6.59% p.a.**
Comp Rate:
7.72% 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.
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).
Our car loan products are recognised & awarded by the Australian financial industry
| Rates |
|
| 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. |
| 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.* |
Fixed |
||
| Fixed Car Loan - New/Demo | Interest Rate: 6.59% p.a.** |
| Comp Rate: 7.72% 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. |
| 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). |
Frequently asked questions
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.
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.
A new car is one that is sold in its original condition, usually at a car dealership and has never had any previous owners.
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.
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.