8.0 / 10

based on 674 reviews as rated by Mozo community

loans.com.au car loans

With a name like that, you’d expect Loans.com.au 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.

loans.com.au offers the following car loans

Rates and fees verified as correct at 25 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee  
Clean Green Car Loan (New, Fixed, Secured)

3.97% p.a.

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

$400

Go to site
New Car Loan (Including Demo, Fixed, Secured)

4.67% p.a.

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

$400

Go to site
Used Car Loan (5 to 7 years old, Fixed, Secured)

5.67% p.a.

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

$400

Used Car Loan (Up to 4 years old, Fixed, Secured)

5.17% p.a.

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

$400

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.

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.

Loans.com.au car loan FAQs

What is a fixed interest rate?

As you may have noticed in the table above, all Loans.com.au 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 Loans.com.au, 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 Loans.com.au, 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?

Loans.com.au 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:

  • Your driver’s licence or passport to prove your ID
  • Full residential address
  • Employment info and salary

You’ll hear back from Loans.com.au 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!

How are loans.com.au car loans rated?

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

Icon of car-loans
loans.com.au car loans
Overall
4.4/10
Price
Features
Customer service
Convenience
Trust

7 Reviews

Recent loans.com.au car loan reviews

loans.com.au New Car Loan (Fixed) review
Overall 1/10
Disgusting scammers who don't give a hoot

They entice you in with their low rates and then screw you over, charge you additional fees, say they've not received any contact from you and then charge you more fees. Disgusting.

Read full review

They entice you in with their low rates and then screw you over, charge you additional fees, say they've not received any contact from you and then charge you more fees. Disgusting.

Price
6/10
Features
5/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Scammed, New South Wales reviewed 3 months ago
loans.com.au New Car Loan (Fixed) review
Overall 1/10
Just rude

Anyone can be having a hard time. Everyone has other things going on in their life. Being rude to a potential customer is just inexcusable. They offer a great product on paper, but they fail to realise that customer service is also a component of the product. They need to be more compassionate and understanding, instead of driving away future business with their condescension. Won't be dealing with them in the future.

Read full review

Anyone can be having a hard time. Everyone has other things going on in their life. Being rude to a potential customer is just inexcusable. They offer a great product on paper, but they fail to realise that customer service is also a component of the product. They need to be more compassionate and understanding, instead of driving away future business with their condescension. Won't be dealing with them in the future.

Price
10/10
Features
10/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
John, Victoria reviewed 4 months ago
loans.com.au Car Loan review
Overall 8/10
Streamlined process, easy to use online points

They are quick to respond to your queries. Their Ontrax App lets you upload your documents to keep track of progress and their online portal is easy to use once you're up and running. It's great to check progress and download statements to your required periods.

Read full review

They are quick to respond to your queries. Their Ontrax App lets you upload your documents to keep track of progress and their online portal is easy to use once you're up and running. It's great to check progress and download statements to your required periods.

Price
7/10
Features
5/10
Customer service
5/10
Convenience
7/10
Trust
8/10
Less
James, New South Wales reviewed 5 months ago
loans.com.au Car Loan review
Overall 1/10
They lied about repayment to make it look less

The whole refinance started with them telling me the monthly repayment would be 1080 multiply by 12 and divide by 52 which is $249. This was told by one of there CSTM. Now I signed up, and they paid settlements to old bank. Now guess How much I’m paying ? $1080 divide by 4 which is $270. They claimed they never said so. I requested them to listen to the record they recorded for quality and coaching purpose because I know they said so. They probably won’t. Is it some kind of trick to get more customers? I really want people to read this and relate. I hate when people makes me a fool. So here’s my review.

Read full review

The whole refinance started with them telling me the monthly repayment would be 1080 multiply by 12 and divide by 52 which is $249. This was told by one of there CSTM. Now I signed up, and they paid settlements to old bank. Now guess How much I’m paying ? $1080 divide by 4 which is $270. They claimed they never said so. I requested them to listen to the record they recorded for quality and coaching purpose because I know they said so. They probably won’t. Is it some kind of trick to get more customers? I really want people to read this and relate. I hate when people makes me a fool. So here’s my review.

Trust
0/10
Less
Sagun, New South Wales reviewed 5 months ago

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