car loans's overall rating for car loans

(as rated by the Mozo community)

4.4 / 10

based on 7 reviews

With a name like that, you’d expect to specialise in helping Aussies get their hands on new and preloved cars sooner rather than later! Well it sure does, with an offering of not one, but two car loans. Find out what this online only lender could do for you, right here on this page. offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee  

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years


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4.67% p.a.

5.22% p.a.based on $30,000
over 5 years


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5.67% p.a.

6.23% p.a.based on $30,000
over 5 years


5.17% p.a.

5.73% p.a.based on $30,000
over 5 years


*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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. car loan FAQs

What is a fixed interest rate?

As you may have noticed in the table above, all car loans have fixed rates. So is that a good thing? If you want to know exactly what your loan repayments are going to look like for the entire loan term, then yes! Not to mention, the rate at which you are charged is set competitively low.

What is a secured car loan?

Good question. If you borrow credit from, you’ll need to secure the new or preloved vehicle as collateral, meaning you can lose it if you face a loan default. Prefer an unsecured version instead? Return to our car loan comparison hub and find a better match.

How much can I borrow?

From $5k to $100k. Work out an amount you can comfortably afford to pay back over time.

Can I buy a used car?

You can. Don’t forget to check whether the make and model of the car you have your sights on will qualify as security.

Note: The only difference between new car and second hand car loans at, is that the latter has a slightly higher interest rate.

How frequently will I need to make repayments?

Each week, fortnight, or month. You choose the billing cycle.

How long can I take to pay off my loan? car loan contracts can range from 3 to 5 years. Make sure you carefully consider yours, as there are hefty fees involved for repaying your loan with more than 1 year to go. It’s fine to make extra repayments too, just keep in mind there isn’t a redraw facility.

What’s the application process like?

Super easy - and as you’ve probably guessed - you can do it online. Prefer to discuss your loan with a human? No worries, just give the customer service line a buzz, and you can also access its online chat system.

For best chance of car loan success, have the following things ready to go before you apply:

You’ll hear back from soon after you’ve sumbitted the form, and should receive the funds within days. Best of luck and enjoy that new or preloved set of wheels!

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