Variable car loan

Q: LCA - FAQ - How can you offer such a low variable rate car loan?

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.

Q: LCA - FAQ - What's the difference between a variable and fixed rate car loan?

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.

Q: LCA - FAQ - How much can I redraw on my car loan repayments?

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.

Q: LCA - FAQ - What is a redraw facility for a car loan?

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.

We can help finance your car and save with our market-first variable rate car loans.

Multi-award winning

Variable Car Loan
New/Demo

5.99

p.a

Rates from**

7.12

p.a

Comparison rate*

Discounted rates for Home Owners
Demo vehicles acceptable up to 7500 kms^
Redraw up to $5,000/day for variable rates
Up to 7 year loan term
Variable rate adjusts with interest rate changes
Get Preapproved to confidently secure your car financing

Apply Now

Our Google Rating

4.5

515 reviews

Why choose an award winning low-rate car loan?

Approval within 24 hours^~

Apply online and if you qualify, you’ll know your budget to find your new car.

From 3 - 7 year loan term

Enjoy the flexibility of 3 to 7 years loan term, and you decide if you pay weekly, fortnightly or monthly.

$5,000 to $150,000

We offer car loans from as little as $5,000 to get you on the road in the right car for you.

Variable

Choose a low rate variable loan and redraw up to $5,000 per day
NOTE: fyi on the ‘low 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.*
Variable Car Loan - Green/Electric	5.84% p.a.**	6.97% p.a.*
Variable Car Loan - Used < 3 years old	6.89% p.a.**	8.02% p.a.*
Variable Car Loan - Used < 5 years old	6.89% p.a.**	8.02% 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.*

Variable Car Loan - Green/Electric	Interest Rate: 5.84% p.a.**
	Comp Rate: 6.97% p.a.*

Variable Car Loan - Used < 3 years old	Interest Rate: 6.89% p.a.**
	Comp Rate: 8.02% p.a.*

Variable Car Loan - Used < 5 years old	Interest Rate: 6.89% p.a.**
	Comp Rate: 8.02% 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

Low rate car loan eligibility

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

Sienna

Car loan customer

Join our other customers

Absolutely brilliant, professional and very informative

“What a joy to deal with Liam and Emira from Loans.com. I started applying for my car loan last Thursday and by Tuesday afternoon the car dealer was paid. Liam and Emira were absolutely brilliant, professional and very informative. My mortgage comes off fixed next June and I know where I will be moving to. Thank you for everything.„

Carolyn G.

19 Jun 2025

The loan process was really easy and quick

“The loan process was really easy and quick. Staff is really friendly and keep you updated. Highly recommended.„

Vishal K.

18 Jun 2025

The fastest and easiest process I have ever had in regards to any finance

“The fastest and easiest process I have ever had in regards to any finance. From first chat to settlement in 24 hours and constant communication the entire way! Trina is first class! Emira was SENSATIONAL! BEYOND RECOMMEND!„

Brian S.

17 Jun 2025

The team was absolutely amazing to deal with

“I have dealt with Jessica on a recent new home loan application and Jessica and the team was absolutely amazing to deal with. Super quick and kept with in the loop throughout the process. Second to none customer services!„

Simon L.

16 Jun 2025

I could not have asked for a better service

“The service and follow up provided by the loans.com.au team was impeccable. I could not have asked for a better service.„

Caraman C.

13 Jun 2025

They have exceptional customer service!

“I was referred to loans.com.au and now I see why, they have exceptional customer service! I feel so fortunate to have had Rena and Trina handle my application. They were both incredibly friendly, kind, and efficient when it came to processing and approving my application. They genuinely care about helping others and made the entire process smooth and enjoyable.„

Rojina R.

12 Jun 2025

I was very impressed with loans.com.au

“I was very impressed with loans.com.au pragmatic credit policies and the excellent service I received from Emira and Trina in applying for and settling my car loan. They also have 2 very user friendly apps to help with the process. Very easy to deal with, I would definitely recommend them to anybody wanting a stress free and smooth experience.„

Joe F.

12 Jun 2025

Had good experience

“Had good experience with Jasmine and Tiffany who supported me along the way from getting a pre-approval quickly, through the purchase and to the settlement. Not to mention competitive rates and borrowing power they provide.„

Gleb L.

11 Jun 2025

Had a great experience with loans.com.au

“Had a great experience with loans.com.au. Was the best rate/lowest fees I could find and the service was faultless. I won't be going anywhere else for vehicle financing in the future.„

John M.

10 Jun 2025

I am tremendously satisfied

“I am tremendously satisfied with Sonia and Harriet’s assistance with my loan applications. Loans.com was recommended by a family friend and Sonia portrayed immense knowledge and professionalism when working with me to get the best financial outcome. Sonia has exceptional expertise in her subject matter and was incredibly responsive, and together the team made sure I was able to meet my deadline without any stress. Fantastic experience – will highly recommend Sonia and her team at Loans.com!„

Ridhima G.

10 Jun 2025

If I could give 6 stars in this review I would

“In all my dealings with loans over the years, Stuart is hands down one of the best I’ve ever come across. His professionalism, responsiveness, and genuine willingness to help sets a new standard. I would absolutely recommend loans.com.au—and especially Stuart—to anyone looking for a hassle-free and professional mortgage experience. If I could give 6 stars in this review I would.„

Beau B.

10 Jun 2025

I love to deal with them directly

“I am with Loans.com.au since 2014 and I have got multiple loans from new purchases and refinance of IP to OO loans. They have been exceeding my expectation every time. I love to deal with them directly and their lending specialist and support staff are second to none compared to other banks including the big 4. Highly recommend!„

Shiva S.

07 Jun 2025

Our Google rating

4.5 515 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 start enjoying the benefits of your low-rate car loan!

Apply Online

How it works

Variable Car Loan FAQs

How can you offer such a low variable rate car loan?

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.

What's the difference between a variable and fixed rate car loan?

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.

How much can I redraw on my car loan repayments?

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.

What is a redraw facility for a car loan?

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.

Konnie

Lending Specialist

Ready to talk with a real person about our low-rate car loan?

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

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As a loans.com.au customer, if you refer a new customer to us we’ll reward you.

$1,000 New Home Loan Customer

$250 New Car Loan Customer

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A guide to car loans

If you are looking at car finance to purchase your next car and have lots of questions, our guide contains our loan process, what documents you'll need, preapproval, tips and more.

We're help to help you when you may need us.

View Brochure

Ready to get the keys to your new car?

Complete our quick application form to find out if you qualify.

Apply now

Variable car loan

Variable Car Loan
New/Demo

Why choose an award winning low-rate car loan?

Work out your car loan repayments

Your loan details

Variable Car Loan - New/Demo