8.0 / 10

based on 675 reviews as rated by Mozo community

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 2009 market, Loans.com.au has helped thousands of customers achieve their dreams from first homes to family cars. Continue reading below to learn more about its personal loans...

loans.com.au offers the following personal loans

Rates and fees verified as correct at 04 December, 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

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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 personal loans overview

Fixed car loan

Loans.com.au may be a smaller lender but it’s 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 $100,000 over a term of three to five 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). While there are zero monthly fees, you’ll need to factor in Loans.com.au’s initial upfront fee.

Loans.com.au personal loan features at a glance

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:


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
Overall
6.4/10
Price
Features
Customer service
Convenience
Trust

12 Reviews

Recent loans.com.au personal loan reviews

loans.com.au New Car Loan (Fixed) review
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 5 months ago
loans.com.au Used Car Loan (Fixed) review
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 10 months ago
loans.com.au Personal Loan review
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 over 5 years ago
loans.com.au Exisiting Car Loan review
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 over 5 years ago

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