Your selected car loans
Competitive 3-year fixed rates starting at 6.57% p.a. (7.19% p.a. comparison rate*)
No vehicle age limit for new or used cars
Borrow $5,000 to $75,000 and pay it off over 1 to 7 years
No monthly service fee or early repayment penalty.
Application fee starts at $250 and varies depending on your credit score.
If you’ve got a good credit history, then it’s well worth checking out OurMoneyMarket’s (OMM) secured New Car Loan. Part of OMM’s ethos is ‘giving credit where credit’s due’ by rewarding those with a solid credit score with better rates.
Starting at 6.57% p.a. (7.19% p.a. comparison rate*) for a 3-year fixed loan, OMM’s rates are competitive and their car loan options are flexible.
You can borrow up to $75,000 (minimum $5,000) and choose between weekly, fortnightly, or monthly repayments, over a loan term of 1 to 7 years.
There are no monthly service fees or an early repayment penalty, however the application fee starts at $250, and depends largely on your creditworthiness – or, as OMM puts it, your ‘loan grade’.
The application fee is calculated based on your OurMoneyMarket loan grade and is calculated as a percentage of your loan amount. You’ll wind up paying somewhere between 1.5% to 6% of your loan amount, with the minimum charge being $250.
A big selling point for this loan is that you can use it to purchase both new and used cars, with no limits on the age of the vehicle you’re buying.
Competitive low rates for borrowers with excellent credit on 1-7 year loans from $5,000 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.
Get a competitive fixed interest rate on a secured used car loan of up to $100,000 depending on your credit score. No vehicle age limits. Easy online application. Fast pre-approval. Pre-approved funds held for up to 3 months. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.
Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for up to 3 months. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.
Get a secured personal loan with competitive low rates for borrowers with excellent credit. A simple fixed interest rate that can be repaid weekly, fortnightly or monthly, over 1 to 7 years (10 years for Green Loans). Managed entirely online, at any time. No monthly account keeping fees, no exit fees and no early repayment fees. Quick and easy, 100% online application. Establishment fees apply.
Your selected car loans
Make you wait days for a response. Can't give a reason why your loan has not been approved. They don't call you - you have to call them. Their hours of operation are ridiculous if you live in WA. Tell you that you have been conditionally approved - get all your details and information and then let you know by email that the loan has been declined.
Eligibility requirements for a car loan from OurMoneyMarket include:
You can get a quote and apply for an OMM car loan on the lender’s website.
Yes, you can make free additional repayments to your OMM car loan.
* 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.
^See information about the Mozo Experts Choice Personal Loan Awards
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