loans.com.au logo

loans.com.au New Car Loan - Special

Advertiser disclosure
The details shown below are for a fixed loan between $5,000 and $150,000
The details shown below are for a variable loan between $5,000 and $150,000
The details shown below are for a variable loan between $5,000 and $150,000
The details shown below are for a fixed loan between $5,000 and $150,000

Choose the version of this loan that suits you best

Loan type Name Min loan amount Max loan amount
Fixed New Car Loan - Special (Home Owner Discount, Including Demo, Fixed, Secured) $5,000 $150,000
Variable New Car Loan - Special (Home Owner Discount, Including Demo, Variable, Secured) $5,000 $150,000
Variable New Car Loan - Special (Including Demo, Variable, Secured) $5,000 $150,000
Fixed New Car Loan - Special (Including Demo, Fixed, Secured) $5,000 $150,000
  • Loan: $5,000 $150,000
  • Loan: $5,000 $150,000
  • Loan: $5,000 $150,000
  • Loan: $5,000 $150,000
Interest rate from
7.09% p.a.
Comparison rate from
8.21% p.a.based on $30,000
over 5 years
Upfront fee
$400.00
Go to site
Interest rate from
6.24% p.a.
Comparison rate from
7.36% p.a.based on $30,000
over 5 years
Upfront fee
$400.00
Go to site
Interest rate from
7.74% p.a.
Comparison rate from
8.85% p.a.based on $30,000
over 5 years
Upfront fee
$400.00
Go to site
Interest rate from
8.29% p.a.
Comparison rate from
9.40% p.a.based on $30,000
over 5 years
Upfront fee
$400.00
Go to site

Mozo editorial review loans.com.au New Car Loan - Special - last updated: 1 December 2023

binocular icon
What's hot
  • Low variable rates from 6.24% p.a. (7.36% p.a. comparison rate*)
  • Special low rates for homeowners
What's not
  • $700 early repayment fee ($0 in last year)
Mozo snapshot

If you’re looking for a new car, either to drive or simply because you are out for your new car smell fix, then the fact that loans.com.au New Car Loan - Prime Special comes with a great fixed rates from 7.09% p.a. (8.21% p.a. comparison rate*). Homeowners can also qualify for a lower variable rate, starting at 6.24% p.a. (7.36% p.a. comparison rate*). The loan also has other good features such as flexible 3-7 years repayment terms and weekly, fortnightly and monthly repayments options. However, if you decide to pay back the loan more than a year before the agreed terms, you’ll be slapped with $700 early repayment fee. Keep in mind that you'll also incur a 0.50% loading on loan terms over 5 years for fixed rate loan.

key icon
Key features

When looking for financing for your car loan, the main thing you should be looking at is interest rate. loans.com.au New Car Loan - Prime Special offers fixed interest rates from  7.09% p.a. (8.21% p.a. comparison rate*) and variable rates starting from 6.24% p.a. (7.36% p.a. comparison rate*). 

Every car requires its’ own personalised loan amount, that’s why the loans.com.au New Car Loan - Prime Special allows borrowing between $5,000 and $150,000.

The weekly, fortnightly and monthly options let you customise your repayments to fit your cash flow schedule. The loan also allows you to choose between the 3 to 7 year loan terms. So you can tailor you repayments to whatever’s preferable to you and your budget. Do note that balloon payments for loan terms over 5 years are not allowed.

snapshot
Who is it good for

Anyone, especially homeowners, looking for a low rate when financing their new, or up to 5 year old car, has reason to look into loans.com.au New Car Loan.

question icon
Any catches

If you are interested in repaying your loan in its last year, then you’ll be able to do so with no extra costs. But if you want to do it any earlier, you’ll be hit with a $700 early repayment fee. So before deciding to take out the loan, make sure you choose the loan term that best suits your budget.

Also, the $400 upfront application fee is fairly high, and it does come with a monthly $8 fee.

Details

Rates and fees information correct as at 19 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Fixed

7.09% p.a. fixed

8.21% p.a.based on $30,000
over 5 years

Fees

$400.00

$8.00

$0.00

$0.00

$700.00

Other financial bits

$5,000.00

$150,000.00

3 Years

7 Years

Vehicle

Features

-

Weekly, Fortnightly, Monthly

yes

no

Maximum $700 early repayment fee, not applicable in the last 12 months of the loan. Loan terms > 5 yrs will incur 0.50% interest rate loading.

1.20% discount on rates available for applicants who have a mortgage.

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.

Details

Rates and fees information correct as at 19 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

6.24% p.a.variable

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

Fees

$400.00

$8.00

$0.00

$0.00

$700.00

Other financial bits

$5,000.00

$150,000.00

3 Years

7 Years

Vehicle

Features

-

Weekly, Fortnightly, Monthly

yes

yes

Maximum $700 early repayment fee, not applicable in the last 12 months of the loan.

none

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.

Details

Rates and fees information correct as at 19 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

7.74% p.a.variable

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

Fees

$400.00

$8.00

$0.00

$0.00

$700.00

Other financial bits

$5,000.00

$150,000.00

3 Years

7 Years

Vehicle

Features

-

Weekly, Fortnightly, Monthly

yes

yes

Maximum $700 early repayment fee, not applicable in the last 12 months of the loan.

none

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.

Details

Rates and fees information correct as at 19 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Fixed

8.29% p.a. fixed

9.40% p.a.based on $30,000
over 5 years

Fees

$400.00

$8.00

$0.00

$0.00

$700.00

Other financial bits

$5,000.00

$150,000.00

3 Years

7 Years

Vehicle

Features

-

Weekly, Fortnightly, Monthly

yes

no

Maximum $700 early repayment fee, not applicable in the last 12 months of the loan. Loan terms > 5 yrs will incur 0.50% interest rate loading.

1.20% discount on rates available for applicants who have a mortgage.

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.

Customer Reviews

How are loans.com.au personal loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of loans.com.au New Car Loan - Special Personal Loan

About loans.com.au

Thumbnail icon for loans.com.au
loans.com.au

Used Car Loan

7.74% p.a.

8.85% p.a.

$8.00

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Jacaranda Finance
Jacaranda Finance

Express Personal Loan

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Debt Consolidation

6.57% p.a.to 18.99% p.a.

7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years

Thumbnail icon for loans.com.au
loans.com.au

New Car Loan - Special

8.29% p.a.

9.40% p.a.based on $30,000
over 5 years

Thumbnail icon for Jacaranda Finance
Jacaranda Finance

Express Personal Loan

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

Thumbnail icon for loans.com.au
loans.com.au

Clean Green Car Loan

7.29% p.a.

8.41% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Jacaranda Finance
Jacaranda Finance

Express Personal Loan

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.

$0.00

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.

$0.00

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.

$0.00

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.

$0.00

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Debt Consolidation

6.57% p.a.to 18.99% p.a.

7.19% p.a.

$0.00

Compare other personal loans