Found a preloved vehicle and love it?

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.

You’ll love our low rate car loan too!

Multi-award winning

Used Car Loans

7.39

p.a

Rates from**

8.50

p.a

Comparison rate*

Available for Used Cars up to 12 y/o

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

453 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 to 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.

Low rate car loan eligibility

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

Super grateful to the team

“Super grateful to Emira and the team. Great, timely feedback mechanisms with clear guidance on processes. They went all out to support us throughout the application - much appreciated!„

Shane M.

11 Nov 2024

5 Star rating!

“Highly recommended using them to my friends and family and to all reading the reviews. To all the team outstanding and thankyou for your help.„

Lee P.

28 Oct 2024

Very helpful to solve my problems

“I am very happy with the simple products that loans.com.au. Sharon was the lending manager who assisted me through the application. Sharon was very helpful to solve my problems and get the loan approved.„

Alan X.

15 Oct 2024

Quick and painless experience

“Really quick and painless experience getting a loan approved for my new car. Matt was great, professional demeanor, friendly and eager to help.„

Commander C.

15 Oct 2024

I felt understood and valued

“Ai Chi Hinh is an outstanding professional who genuinely cares for her clients. Her ability to listen and her problem-solving skills are truly commendable. I am grateful for her support and expertise during a challenging time.„

Heather E.

10 Oct 2024

Could not recommend them enough

“Kimberley was wonderful, very informative, and patient. Communication was on point and all-around professional and friendly throughout the process.„

Jillian G.

14 Sep 2024

Got what I needed very quickly

“Great rates, easy to use, simple process. Got what I needed very quickly„

Lachlan J.

12 Sep 2024

I highly recommend this lender

“I switched my home loan from a big bank to Loans.com.au and was pleasantly surprised by their competitive rates and sleek web banking platform.„

Alex A.

02 Sep 2024

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

Our Google rating

4.5 453 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 loan!

A low rate car loan that looks just like this

Here’s your new offer

Rates

Variable Rate

Used < 3 years

Used < 5 years

Variable Rate:

7.39% p.a.**

Comparison Rate:

8.50% p.a.*

Fixed Rate

Used < 3 years

Used < 5 years

Used 6-7 years

Used 8+ years

Fixed Rate:

7.59% p.a.**

7.69% p.a.**

8.99% p.a.**

12.69% p.a.**

Comparison Rate:

8.70% p.a.*

8.80% p.a.*

10.10% p.a.*

13.80% 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

$172 per week^#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 7.39% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$400

Monthly fee

Discharge fee

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 Rate:

Comp Rate:

7.39% p.a.**

8.50% p.a.*

Fixed

Fixed Rate:

Comp Rate:

7.59% p.a.**

8.70% 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

$172 per week^#

The weekly repayment estimate is based on a $45,000 loan over 7 years at 7.39% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$400

Monthly fee

Discharge fee

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.

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

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

Found a preloved vehicle and love it?

Used Car Loans

Why choose an award winning low-rate car loan?

Work out your car loan repayments

Your loan details

Used < 3 years old

Low rate car loan eligibility

“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.”

What other customers are saying

Our Google rating

As seen on...

It's fast & easy to get a loan with loans.com.au

A low rate car loan that looks just like this

Here’s your new offer

Variable

Fixed

Frequently asked questions

How does a balloon payment work?

How quickly can I get approved for a car loan?

What counts as a new car?

What is the process to get to settlement?

What is pre-approval?

Who is loans.com.au?

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

Ready to get the keys to your new car?