8.8 / 10

based on 13 reviews as rated by Mozo community

Goldfields Money car loans

Goldfields Money may only have three branches, but this growing bank listed on the ASX has plenty to offer Aussies ready for a new or used car. With Goldfields you can purchase a set of wheels using a secure or unsecured Goldfield car loan, and pay interest at a competitively low rate. For the lowdown on these variable rate loans, scroll through or simply compare them against others in the market at our dedicated hub.

Goldfields Money offers the following car loans

Rates and fees verified as correct at 02 December, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Car Loan (Cars 2 to 5 years old, Variable, Secured)

6.94% p.a.

7.58% p.a.based on $30,000
over 5 years


Car Loan (Cars up to 2 years old, Variable, Secured)

5.44% p.a.

6.07% p.a.based on $30,000
over 5 years


Secured Personal Loan (Variable)

9.75% p.a.

10.40% p.a.based on $30,000
over 5 years


Unsecured Personal Loan (Variable)

12.44% p.a.

13.50% p.a.based on $10,000
over 3 years


WARNING: 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. 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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Goldfields Money car loan FAQs

What is a variable interest rate?

All Goldfields Money car loans have variable rates, which simply make them changeable. That’s why it’s important you budget for potential rake hikes that may increase your loan repayments. On the plus side, you won’t get stung with a fee for paying out your loan early. Another benefit to Goldfields’ car loans, is that its variable interest rates are generally lower than the big banks.

Should I secure my vehicle to the loan?

Yes, if you’d rather be charged a rate at the lower end of the scale. Keep in mind, it does involve tying the vehicle into your contract, so Goldfields can repossess it if you default on your loan. Alternatively, pay more interest against your debt with an unsecured loan, which does not require collateral.

Can I use one to buy a used car?

Absolutely, but if you want to secure your ride it needs to be under 5 years old. Otherwise, pick an unsecured loan and purchase any model you like.

How much can I borrow?

From $2k to $5k if you don’t secure your wheels, while the secured version has no loan limit. Of course, you’ll need to fit Goldfields’ lending criteria such as having a clean credit history and regular income to prove you can afford to repay it.

Can I choose my billing cycle?

Sure can! Choose between weekly, fortnightly or monthly due dates.

How long can my loan contract go for?

From 1 - 5 years.

Can I pay off my loan faster?

Yes, on a Goldfields Money car loan you can make extra loan repayments, then dip into them via a redraw facility when you need the cash.

What will happen if I clear my debt early?

You won’t be charged a break cost.

What’s the car loan application process like?

Want to apply for a Goldfields car loan? Simply fill out an online form or give the bank a ring, where you’ll be asked to provide:

  • Your driver's licence or passport
  • Employment and income details
  • A list of your assets including super
  • Details of any outstanding debts

If you live in Western Australia and prefer to apply in person, you can also pop into one of its three branches. Once you’ve applied, the turnaround should take no longer than a couple of business days. Best of luck and enjoy the ride!

How are Goldfields Money car loans rated?

Mozo users have rated Goldfields Money car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

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Goldfields Money car loans
Customer service

1 Reviews

Recent Goldfields Money car loan reviews

Goldfields Money Car Loan review
Overall 10/10

I love dealing with GCU, and have done for over 10 years. It's nice to be able to develop a relationship with your bank manager.

Read full review

I love dealing with GCU, and have done for over 10 years. It's nice to be able to develop a relationship with your bank manager.

Customer service
Kate, Western Australia reviewed over 9 years ago

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