Wisr joins online car loan lenders club with competitive 6.08% rate

By Gabriella Margerison ·
Man in new car with keys

Whether you’re looking for a car to get you from A to B or want to get behind the wheel of your dream ride, there’s good news. Wisr, known in the market for great value personal loans, have just launched their very own secured car loan that will have you all revved up.

Joining other online lenders with secured car loans, Wisr offers car finance with a competitively low comparison rate starting just above 6%. Yes, you’ll need to have excellent credit to get the best rates they offer, but with a variety of rates to suit all borrowers, you’ll be able to borrow between $5,000 and $50,000 and enjoy zero early repayment or exit fees too.

“The entry of Wisr into the secured car loan space is great news if you’re in the market for a new car and you’ve got a solid credit history”, said Mozo Expert Peter Marshall.

“With post-pandemic change in the way Australians use and purchase new cars, there has been an increase in lenders competing for business, making now a great time to purchase a new vehicle”, he further explained.

So if you’ve been thinking about getting yourself a new car, now could be a good time for you to join other Aussies reaping the benefits of new-to-the-market, low rate car loans.

  • Fixed interest rates from 5.19% (6.08% comparison rate*)
  • No early repayment or ongoing fees
  • Fast approval between 24-48hrs

In the market for a great rate car loan that will get you behind the wheel of your dream car? Well, with competitive fixed rates for borrowers with good credit on loans between $5,000 and $50,000, together with no ongoing fees, this Wisr Secured Car Loan could be just what you have been searching for. Just remember, this loan is secured against the purchased vehicle.

  • Fixed interest rates from 5.50% (5.85% comparison rate*)
  • Extra repayments allowed
  • No penalties for early repayment

If you’re looking for a low rate car loan with flexible repayment options, say hello to OurMoneyMarket’s Car Loan. Fixed interest rates start at a competitive 5.50% (5.85% comparison rate*), keeping your regular interest repayments low. Featuring loan terms from 1 to 7 years, you’ll be able to borrow between $2,000 and $75,000. Plus, not only can borrowers make extra repayments whenever they like, there is also no penalty for paying off your loan early.

  • Fixed rates from 4.89% (5.44% comparison rate*)
  • Extra repayments welcome
  • No early exit fees

If you’ve got great credit history up your sleeve and are on the hunt for the right loan for a new car, then you might want to give the Plenti Secured Car Loan a look. Based on your credit score, you could get a personalised fixed interest rate starting from 4.89% (5.44% comparison rate*). Together with no early exit fee and the freedom to make extra repayments, this might be the car loan you’ve been looking for.

  • Low 4.67% fixed interest rate (5.22% comparison rate*)
  • Extra repayments allowed
  • No monthly service fee

Online lender loans.com.au, brings you the New Car Loan offering a competitively low rate of 4.67% (5.22% comparison rate*). Not only will your interest repayments be low, this loan also comes with a fixed rate, so you’ll have peace of mind knowing your payments will remain the same each week, fortnight or month. There are also no pesky ongoing monthly fees to worry about, a 3 year fixed term minimum and if you want to make extra repayments towards your balance, you can!

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Gabriella Margerison
Gabriella Margerison

Gabby writes about all finance categories here at Mozo. From detailed stories about the latest products in the market to short and snappy money tips delivered straight to your inbox, she loves nothing more than finding you ways to think smarter about money! Gabby graduated from Macquarie University with a Bachelor of Communications. When she’s not sifting through the latest findings in the money world, you can find her sifting flour for her hobby cake business.