Australian FinTech loans.com.au has yet again led the way in online lending by launching another record low interest rate on its new car loan at 4.99% (5.54% comparison).
Managing Director Marie Mortimer said the new rate would help car buyers to make the most of the End of Financial Year vehicle sales which are now on.
“This is the best time of the year to grab a bargain on a new car and we have decided to make it even more inviting with a record-low interest rate,” Ms Mortimer said.
“With amazing rates like this available, it is even more important for buyers to arrange a competitively priced loan before they visit the dealership, instead of accepting whatever finance the dealer offers them.”
Ms Mortimer said that buyers could cut their car loan interest rate even further by choosing an eligible low-emissions vehicle from loans.com.au’s Green Car list, which would qualify them for a 0.70% Green Car discount.
“Customers can choose from more than 80 popular vehicles and get a rate of just 4.29% (4.83% comparison), which is a lower interest rate than many big bank customers pay for their home loan,” Ms Mortimer said.
loans.com.au car loans come with fixed rates over three, four, or five year terms, and applications can generally be approved within 24 hours with the help of our advanced approval systems and customer friendly lending specialists.
A handy “balloon” payment option is also available which lets borrowers make lower monthly repayments and then a larger repayment of up to 50% of the car value at the end of the loan term.
Loans.com.au is Australia’s leading online lender in the FinTech space and is backed by parent company Firstmac. Founded in 2011, loans.com.au has grown rapidly to have almost $6 billion in loans under management, with customers in every state and territory. It prides itself on its fast systems and experienced lending specialists who help you every step of the way.