Variable Car Loan

Q: LCA - FAQ - 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.

Q: LCA - FAQ - 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.

Q: LCA - FAQ - 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.

Q: LCA - FAQ - 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.

Q: LCA - FAQ - 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.

Your dream car is closer than you think! With our super low rates, you’ll be on the road in no time.

Multi-award winning

Variable Car Loans

6.24

p.a

Rates from**

7.36

p.a

Comparison rate*

Discounted rates for Home Owners

Demo vehicles acceptable up to 5000kms^

Redraw up to $5,000/day for variable rates

Up to 7 years loan term+

Fast Approval times

Apply Now

Our Google Rating

4.5

444 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.

Fixed or variable

Choose either a low rate variable loan and redraw up to $5,000 per day, or a low rate fixed loan.

Repayment calculator

This calculator helps you estimate how much your car loan repayments could be, so you can car hunt and budget with confidence.

Your loan details

Loan amount

Vehicle purchase price

Initial deposit / trade in

Loan term

Interest rate

Balloon repayment

Estimated loan repayments

Estimated repayments

$662.57 per month

Total principal paid$45,000

Total interest paid$9,668

Calculator assumptions

Low rate car loan eligibility

Apply now

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

Hamish

Car loan customer

How we were able to help

What other customers are saying

More than exceptional

“My experience with loans.com.au was more than exceptional. Ray was nothing short of amazing throughout this process. I highly recommend loans.com.au!„

Matthew P.

23 Aug 2024

Very professional and polite

“This is a very good organization. Less than a week turnaround, and they were very professional and polite. I recommend this business.„

Drew D.

19 Aug 2024

Easy application process

“By far the best lender I've ever dealt with. Sooooo much better than any of the big 4. Easy application process and great customer service.„

Lisa S.

16 Aug 2024

Highly recommended

“It is great experience working with Sonia from Loans.com.au. She is very knowledge, good communicator, follow up and responds quickly which helped to get the approval in few days exceeding my expectation.„

Rajesh M.

29 Jul 2024

Very Happy with Jessica's service

“Very Happy with Jessica's service so far. She is knowledgeable and efficient, and always available to answer my questions. The portal is also very easy to use. Thank you.„

Cristina R.

09 Jul 2024

Would definitely recommend Loans.com.au

“Would definitely recommend Loans.com.au, very competitive loan rate, app simple to use, staff easy to talk to.„

Roxanne L.

08 Jul 2024

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

Our Google rating

4.5 444 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 & save

Your loan will settle and you'll start saving with your new loan rate!

A low rate car loan that looks just like this

Here’s your new offer

Rates

Variable

Variable Rate:

6.24% p.a.**

Comparison Rate:

7.36% p.a.*

Fixed

Fixed Rate:

7.19% p.a.**

Comparison Rate:

8.31% p.a.*

Key Features

Flexible loans

Approval within 24 hours

Borrow from $5,000

Easy online process

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$166 per week^#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.24% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$400

Monthly fee

Discharge fee

Rates

Variable

Variable Rate:

Comp Rate:

6.24% p.a.**

7.36% p.a.*

Fixed

Fixed Rate:

Comp Rate:

7.19% p.a.**

8.31% p.a.*

Key features

Flexible loans

Approval within 24 hours

Borrow from $5,000

Easy online process

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$166 per week^#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.24% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$400

Monthly fee

Discharge fee

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.

Who is loans.com.au?

loans.com.au is a proudly Australian, award-winning online lender based in Brisbane. Since we were founded in 2011, we have grown to become an industry leader with thousands of happy customers in every state and territory. We are powered by the strength of Firstmac, Australia’s leading non-bank lender.

Learn more about us

Konnie Sewell

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.

Let's talk

Ready to get the keys to your new car?

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

Apply now