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Symple Loans car loans

Symple are here to make things easy for customers looking to buy a new or used car. Symple is a marketplace lending company focused solely on personal loans, using digital technologies to sell loans directly to customers financed by capital provided by Australian investors. Priding themselves on ease and speed, Symple transfers funds just 24 hours after your application if you’re approved, to get you into your new vehicle as soon as they can. Check out the FAQs at the bottom of this page for more about Symple’s loans.

Symple Loans offers the following car loans

Rates and fees verified as correct at 07 December, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee  
Personal Loan (Variable, Unsecured)

5.75% p.a.to 25.99% p.a.

6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years

$0

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Symple car loan FAQs

What's the difference between a fixed rate and variable rate car loan?

With a Symple variable rate car loan your interest rate can change throughout your loan term. With a fixed rate loan, your repayments will stay the same for the full loan term. There are pros and cons to each loan type so it is important that you think about your financial situation and which option will be more suited to you. Compare all car loans on Mozo.

How much can I spend on my new vehicle with a Symple car loan?

Symple’s minimum car loan amount sits at $5,000 and goes right up to the $50,000 mark giving you plenty of room to find the right vehicle for you.

What would Symple car loan repayments look like?

Your car loan repayments will depend on three factors: the loan term, how much you want to borrow and your credit history. Symple’s comparison rates on a variable rate unsecured personal loan range between 6.47% p.a. to 29.2% p.a depending on your credit rating. Try a personalised calculation of your own using our car loan repayments calculator.

How frequently can I make loan repayments with Symple?

Symple arranges for car loan repayments to fall on weekly, fortnightly or monthly dates. Having this flexibility means you can pick the timing your salary goes through to make repayments even easier.

What loan terms are available at Symple?

Symple’s car loan terms vary from 1-7 years. Work out how much you can comfortably pay back in each payment period, as this will help you determine the term that will best work for you.

Can I make extra loan repayments with Symple?

Yes, Symple you can make extra repayments fee free with Symple. You can also pay off your loan early with no penalty if you choose.

I’m in! How do I apply for the Symple car loan?

Symple’s application process is 100% online.

For a speedy application process, ensure you supply the following:

Proof of ID such as your driver’s licence and/or passport number 

 Symple will get in touch after you apply to speak to you about the outcome of your application. Best of luck and enjoy your new or used car!

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