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  • GE Money car loan reviews

    How are GE Money car loans rated by the Mozo community?

    55%

    Overall Mozo Community rating: 5.5 out of 10

    GE Money car loans

    Overall rating: 5.5 (17 reviews)*

    Last reviewed: 21 May 2012


    1. Overall customer rating
    1. Price
    1. Features
    1. Service
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    1. Trust

    * based on reviews in the past 12 months

    Reviews: 27

    Thumbs up: 13 | Thumbs down: 14

    Featured car loan from GE Money

    • Car Loan (Fixed)
    • fixed 1 year rate

      10.85%

    • comparison rate

      11.95%


    Other car loans

    • Copy of Car Loan (Variable)
    • variable rate

      9.20%

    • comparison rate

      9.20%

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    Recent GE Money car loan reviews

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    • Good options but difficult to contact.

        1. Overall customer rating
        2. (Reviewed 5 days ago)

      I like the product because the company was the only one that was willing to give such a small car loan. They gave a follow up call a few days after the loan was processed to see how the broker performed and if all the information had been given to...       Full review 

      I like the product because the company was the only one that was willing to give such a small car loan. They gave a follow up call a few days after the loan was processed to see how the broker performed and if all the information had been given to me. I also received a card that had my details and BPAY options on it. Personal contact with real people is not easy when needing information. It is made easy to pay them with BPAY.


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      GE Money car loan reviewed by Amy from New South Wales

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    • Medium

        1. Overall customer rating
        2. (Reviewed 5 days ago)

      The interst rate is too high plus if we wanted a statement we had to pay for every statement we wanted. Reason? They are not a bank. But I have paid it off and we were pleased.       Full review 

      The interst rate is too high plus if we wanted a statement we had to pay for every statement we wanted. Reason? They are not a bank. But I have paid it off and we were pleased.


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      GE Money car loan reviewed by Casey de lyster from Queensland

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    • Great customer service

        1. Overall customer rating
        2. (Reviewed 11 days ago)

      They do charge a slightly higher interest rate however their service, understanding & the way they have treated me in our interactions have been first class.       Full review 

      They do charge a slightly higher interest rate however their service, understanding & the way they have treated me in our interactions have been first class.


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      GE Money car loan reviewed by Mike from Queensland

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    • Good for people with not so good credit ratings

        1. Overall customer rating
        2. (Reviewed 12 days ago)

      Good for people with bad credit ratings. However you pay a high interest rate because of it. One good thing about them they are pretty flexible if u need to postpone a payment but once again you pay for it       Full review 

      Good for people with bad credit ratings. However you pay a high interest rate because of it. One good thing about them they are pretty flexible if u need to postpone a payment but once again you pay for it


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      GE Money car loan reviewed by Darren from New South Wales

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    • Great Customer Service and availability

        1. Overall customer rating
        2. (Reviewed 17 days ago)

      Can be an expensive option. GE provide a great customer service and are very helpful with the terms and contracts.       Full review 

      Can be an expensive option. GE provide a great customer service and are very helpful with the terms and contracts.


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      GE Money car loan reviewed by Belinda from Western Australia

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    • Forget them

        1. Overall customer rating
        2. (Reviewed 19 days ago)

      Had 2 years to pay back loan with them and no interest if paid on time. We paid two lump payments of $46000, no problems with that but when we applied for another credit line with them no luck as we are on pensions and did not have a wage! but we ...       Full review 

      Had 2 years to pay back loan with them and no interest if paid on time. We paid two lump payments of $46000, no problems with that but when we applied for another credit line with them no luck as we are on pensions and did not have a wage! but we had $500,000 in superannuation but that did not count towards getting a credit line. Once again, overseas workers do the registration applications on the phone but they do not understand how things work here in Australia.


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      GE Money car loan reviewed by Alan from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed 5 months ago)

      GE is an aggressive sales business. Whilst their rates are quite cheap, their "service" is terrible. All service centres are outside of AUS/NZ - typical amoral US financial institution. Loan sharks at best - dishonest at worst       Full review 

      GE is an aggressive sales business. Whilst their rates are quite cheap, their "service" is terrible. All service centres are outside of AUS/NZ - typical amoral US financial institution. Loan sharks at best - dishonest at worst


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      GE Money car loan reviewed by Henry from New South Wales

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 5 months ago)

      GE Money got my vote because I had trouble getting finance after a bad credit history and they were the only ones that helped me out. The interest rate was a bit higher but they were the ones taking the risk.       Full review 

      GE Money got my vote because I had trouble getting finance after a bad credit history and they were the only ones that helped me out. The interest rate was a bit higher but they were the ones taking the risk.


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      GE Money car loan reviewed by David from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed 6 months ago)

      This company does not listen to your personal problems, they only are interested in getting their monthly payments. I tried to explain about personal hardship, had never missed a payment and I do have a good job but it was no pay up the full amoun...       Full review 

      This company does not listen to your personal problems, they only are interested in getting their monthly payments. I tried to explain about personal hardship, had never missed a payment and I do have a good job but it was no pay up the full amount or lose the car.


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      GE Money car loan reviewed by Anne from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed 6 months ago)

      I don't really like this financial institution for loans. Only because their interest is very high. Unless its for an interest free loan, I would not apply with this institution       Full review 

      I don't really like this financial institution for loans. Only because their interest is very high. Unless its for an interest free loan, I would not apply with this institution


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      GE Money car loan reviewed by Mary-may from South Australia

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      Yes
        1. Overall customer rating
        2. (Reviewed 6 months ago)

      Never had payments taking out when they were not suppose to, low interest rates and were flexible when ask to change days       Full review 

      Never had payments taking out when they were not suppose to, low interest rates and were flexible when ask to change days


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      GE Money car loan reviewed by Jenna from Western Australia

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      Yes
        1. Overall customer rating
        2. (Reviewed 6 months ago)

      A good product if you can pay off the loan during the interest free period, however can be a trap if you don't pay it off during that time as the interest rates are high.       Full review 

      A good product if you can pay off the loan during the interest free period, however can be a trap if you don't pay it off during that time as the interest rates are high.


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      GE Money car loan reviewed by Kim from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed 9 months ago)

      GE money have provided themselves with a name in our family and that is Rip Off. I would never recommend them to anyone. In fact I would advise against anyone dealing with them. Go without rather than deal with GE money. There is no leeway...       Full review 

      GE money have provided themselves with a name in our family and that is Rip Off. I would never recommend them to anyone. In fact I would advise against anyone dealing with them. Go without rather than deal with GE money. There is no leeway, they pounce if you forget one payment and make it harder to catch up and if you want to pay off your loan they don't want to be involved with making the transition easy. They put obstacles in your way and don't give final amounts so that you are kept on a string paying off little bits and pieces because of extra bits of interest they can't seem to work out.


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      GE Money car loan reviewed by Beverley from Victoria

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 9 months ago)

      Very understanding and helpful when I lost my job. They reduced payments so I didn't get a bad credit rating.       Full review 

      Very understanding and helpful when I lost my job. They reduced payments so I didn't get a bad credit rating.


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      GE Money car loan reviewed by Kim from Victoria

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 10 months ago)

      This bank charges fees in all instances. BPay is the cheapest (.50c/transaction), direct debit the most expensive...to pay your own account??? You cannot access your loan account online to see where you're at - you always have to phone a custome...       Full review 

      This bank charges fees in all instances. BPay is the cheapest (.50c/transaction), direct debit the most expensive...to pay your own account??? You cannot access your loan account online to see where you're at - you always have to phone a customer service rep. This is inconvenient when your on hold then have to go through "security questions" (not very secure...name, address and birthdate). Would never use this institution again.


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      GE Money car loan reviewed by Vanessa from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed 11 months ago)

      An average product with a higher than normal interest rate however their pre & after sign up service & support has been wonderful & also have shown to be very understanding & flexible when I confronted a dramatic change in my financial circumstanc...       Full review 

      An average product with a higher than normal interest rate however their pre & after sign up service & support has been wonderful & also have shown to be very understanding & flexible when I confronted a dramatic change in my financial circumstances due to health reasons.


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      GE Money car loan reviewed by Mike from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed about 1 year ago)

      ge money are only interested in making themselves rich so it seems. Whenever i needed to talk to them i was spoken to rudely so i felt the interest rate is crazy with no option of being less if i paid my loan out early (unless you paid within a y...       Full review 

      ge money are only interested in making themselves rich so it seems. Whenever i needed to talk to them i was spoken to rudely so i felt the interest rate is crazy with no option of being less if i paid my loan out early (unless you paid within a year than interest came down) also if you paid your loan out early it seemed you were penalised for this as there was an early termination fee. I lost my job for 3 months (which i told them) and instead of being patient with me (i wanted to pay my loan 2 weeks late) they seemed determined to make life harder for me now i only have 3 payments left and after all the crap we have been through (5 years) they still wont let me sell my car untill the loan is paid in full. IN SHORT.... THEY SUCK and im never going there again neither is my family!!!!!


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      GE Money car loan reviewed by Hellen from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed about 1 year ago)

      Tried to pay out my loan and had no end of trouble doing so.       Full review 

      Tried to pay out my loan and had no end of trouble doing so.


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      GE Money car loan reviewed by Brett from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed over 1 year ago)

      No features at all. Was charged very high interest rate. Wont recommend to anyone. There are better loans with credit unions.       Full review 

      No features at all. Was charged very high interest rate. Wont recommend to anyone. There are better loans with credit unions.


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      GE Money car loan reviewed by Abhi from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed over 1 year ago)

      they seem to be very helpfully to their customers       Full review 

      they seem to be very helpfully to their customers


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      GE Money car loan reviewed by Cameron from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed over 1 year ago)

      Very bad company - wouldn't even recommend to an enemy.       Full review 

      Very bad company - wouldn't even recommend to an enemy.


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      GE Money car loan reviewed by Rachael from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      GE Money (GE Capital) are highly unorganised and treat you like a number. I supplied them with a lead for a friend who wanted to organise a vehicle under finance and they didnt bother to call the contact. I left another message a week later to fin...       Full review 

      GE Money (GE Capital) are highly unorganised and treat you like a number. I supplied them with a lead for a friend who wanted to organise a vehicle under finance and they didnt bother to call the contact. I left another message a week later to find out how the GE Money team went and still no-one came back to me or the lead. I advised the lead to go elsewhere and they had their finance and vehicle in less than 3 days. A mth & a half after, I received an email from a GE Money contact advising they had chased the lead within 24hrs and the driver confirmed he wasnt interested. This was a lie. Poor service and confusing processes.


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      GE Money car loan reviewed by Allison from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Quick service was great.       Full review 

      Quick service was great.


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      GE Money car loan reviewed by Louise from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Easy access.       Full review 

      Easy access.


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      GE Money car loan reviewed by Vianney from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed over 2 years ago)

      I hate the fact i got 2 loans at the same time and have different interest rates.       Full review 

      I hate the fact i got 2 loans at the same time and have different interest rates.


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      GE Money car loan reviewed by Michelle from Tasmania

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      Yes
        1. Overall customer rating
        2. (Reviewed about 3 years ago)

      GE Money can be very difficult to contact.       Full review 

      GE Money can be very difficult to contact.


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      GE Money car loan reviewed by Sean from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed over 3 years ago)

      Set up charges were not explained. The length of time of the loan was not the product i wanted. The fees to pay the cr loan early are excessive.       Full review 

      Set up charges were not explained. The length of time of the loan was not the product i wanted. The fees to pay the cr loan early are excessive.


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      GE Money car loan reviewed by Colin from New South Wales

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