7.9/10

Based on 698 loans.com.au product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

loans.com.au personal loans

loans.com.au is an Australian-owned, online home and car loans lender with low rates and flexible features. Since its entrance into the 2011 market, loans.com.au has helped thousands of customers achieve their dreams from first homes to family cars. 

Plus, the lender also snapped up two 2021 Mozo Experts Choice Awards for Best Car Loan and Best Green Car Loan. Continue reading below to learn more about its personal loan options...

loans.com.au offers the following personal loans

Rates and fees verified as correct at 18 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee  
Green Car Loan (Home Owner, New or Used, Fixed, Secured)

7.69% p.a.

8.80% p.a.based on $30,000
over 5 years

$400.00

Green Car Loan (Home Owner, New or Used, Fixed, Secured)

6.49% p.a.

7.61% p.a.based on $30,000
over 5 years

$400.00

Green Car Loan (Home Owner, Variable, Secured)

6.09% p.a.

7.21% p.a.based on $30,000
over 5 years

$400.00

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New Car Loan - Special (Home Owner Discount, Including Demo, Fixed, Secured)

6.99% p.a.

8.11% p.a.based on $30,000
over 5 years

$400.00

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New Car Loan - Special (Home Owner Discount, Including Demo, Variable, Secured)

6.24% p.a.

7.36% p.a.based on $30,000
over 5 years

$400.00

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New Car Loan - Special (Including Demo, Fixed, Secured)

8.19% p.a.

9.30% p.a.based on $30,000
over 5 years

$400.00

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New Car Loan - Special (Including Demo, Variable, Secured)

7.74% p.a.

8.85% p.a.based on $30,000
over 5 years

$400.00

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Used Car Loan (6 to 7 years old, Fixed, Secured)

10.29% p.a.

11.40% p.a.based on $30,000
over 5 years

$400.00

Used Car Loan (8 to 12 years old, Fixed, Secured)

13.99% p.a.

15.10% p.a.based on $30,000
over 5 years

$400.00

Used Car Loan (Home Owner, 6 to 7 years old, Fixed, Secured)

9.09% p.a.

10.20% p.a.based on $30,000
over 5 years

$400.00

Used Car Loan (Home Owner, 8 to 12 years old, Fixed, Secured)

12.79% p.a.

13.90% p.a.based on $30,000
over 5 years

$400.00

Used Car Loan (Home Owner, Up to 3 years old, Fixed, Secured)

7.69% p.a.

8.80% p.a.based on $30,000
over 5 years

$400.00

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Used Car Loan (Home Owner, Up to 3 years old, Variable, Secured)

7.74% p.a.

8.85% p.a.based on $30,000
over 5 years

$400.00

Go to site
Used Car Loan (Home Owner, Up to 5 years old, Fixed, Secured)

7.79% p.a.

8.90% p.a.based on $30,000
over 5 years

$400.00

Go to site
Used Car Loan (Up to 3 years old, Fixed, Secured)

8.89% p.a.

10.00% p.a.based on $30,000
over 5 years

$400.00

Go to site
Used Car Loan (Up to 3 years old, Variable, Secured)

7.74% p.a.

8.85% p.a.based on $30,000
over 5 years

$400.00

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

8.99% p.a.

10.10% p.a.based on $30,000
over 5 years

$400.00

Go to site
Used Car Loan (Up to 5 years old, Variable, Secured)

7.74% p.a.

8.85% p.a.based on $30,000
over 5 years

$400.00

Go to site

loans.com.au personal loans overview

Fixed car loan

loans.com.au may be a smaller lender, but its fixed-rate car loan is nothing to sneeze at. It has one of the lowest fixed rates in the market,  and you can borrow between $5,000 and $150,000 over a term of three to seven years. The loan is secured against the car, so be sure to automate those repayments. If you want to get out of debt sooner, extra repayments are free of charge (plus there is no break fee). 

Green car loan 

If you are looking to buy an environmentally friendly vehicle, the loans.com.au Clean Green Car Loan might be the option for you. With competitive low fixed rates, customers can borrow between $5,000 and $150,000 for 3 to 7 years. There is also plenty of repayment flexibility, as there is a choice between a weekly, fortnightly and monthly schedule, plus the option to make free extra repayments. Just bear in mind that there is no redraw facility attached to this loan. Also, there is an upfront application fee and an early repayment penalty if you pay off your debt ahead of time. 

Variable car loan 

If you're looking for ultra-low variable rates, you'll be pleased to know that loans.com.au offers competitive variable loans. The loan is secured against the car, so don't forget to make those repayments and the upfront fee. Another thing to note is that the variable loan comes with redraw features.

loans.com.au personal loan features at a glance

  • Repayment flexibility: You can take your pick between weekly, fortnightly or monthly repayments.
  • Extra repayments: With the loans.com.au car loan, you’re free to make extra loan repayments whenever you like. Doing this will help cut the interest rate bill down too.  

How do you apply for a loans.com.au personal loan?

If you want to take out a new car loan with loans.com.au, it won’t be taxing on your time. Just visit the website and fill out the online form. If you fit the criteria, loans.com.au will approve your application almost immediately. For extra help and advice, you can call customer service or access the live chat feature while browsing the site.

To apply for a personal loan with loans.com.au, you will need:

  • To provide details of the car you want to buy, including its estimated price, the model, make, year and the total amount you want to borrow.
  • To fill out your personal details, which require you to provide identity document numbers, residential address, proof of income etc.

How are loans.com.au personal loans rated?

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

Icon of personal-loans
loans.com.au personal loans customer reviews
Overall
6.4/10
Price
8.6/10
Features
8.2/10
Customer service
7.3/10
Convenience
7.3/10
Trust
7.1/10
Based on 12 loans.com.au product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent loans.com.au personal loan reviews

loans.com.au New Car Loan - Special
Overall 3/10
Wasted my time.

I was told after wasting a fair amount of time completing an online application and liaising with a customer service representative that I was ineligible for a car loan because I’d qualified for JobKeeper. Even though my business had recovered strongly after an initial dip at the beginning of the pandemic. If lenders are going to apply blanket rules such as these, they need to be stated up front. As a self employed small business person, I don’t have this kind of time to waste.

Read full review

I was told after wasting a fair amount of time completing an online application and liaising with a customer service representative that I was ineligible for a car loan because I’d qualified for JobKeeper. Even though my business had recovered strongly after an initial dip at the beginning of the pandemic. If lenders are going to apply blanket rules such as these, they need to be stated up front. As a self employed small business person, I don’t have this kind of time to waste.

Price
10/10
Features
10/10
Customer service
3/10
Convenience
1/10
Less
Alicia, Victoria, reviewed almost 4 years ago
loans.com.au Used Car Loan
Overall 1/10
Forget them, walk away while you can.

Salesmen straight up lied about fees to make a sale. I'm not fighting them through the ombudsmen over an early payout fee. The early payout fee is also excessive. Way more than my home loan payout for far less credit.

Read full review

Salesmen straight up lied about fees to make a sale. I'm not fighting them through the ombudsmen over an early payout fee. The early payout fee is also excessive. Way more than my home loan payout for far less credit.

Price
4/10
Features
1/10
Customer service
1/10
Convenience
4/10
Trust
1/10
Less
Stuart, New South Wales, reviewed over 4 years ago
loans.com.au Personal Loan
Overall 4/10
online

Great

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Sara, New South Wales, reviewed about 9 years ago
loans.com.au Exisiting Car Loan
Overall 7/10
ok

Cheap car runs good

Read full review

Cheap car runs good

Price
10/10
Features
10/10
Customer service
7/10
Convenience
9/10
Trust
4/10
Less
Ricky, South Australia, reviewed about 9 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

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