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 |
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.
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.
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.
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.
Fixed |
|
7.09% p.a. fixed |
|
8.21% p.a.based on $30,000 |
$400.00 |
|
$8.00 |
|
$0.00 |
|
$0.00 |
|
$700.00 |
$5,000.00 |
|
$150,000.00 |
|
3 Years |
|
7 Years |
|
Vehicle |
- |
|
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.
Variable |
|
6.24% p.a.variable |
|
7.36% p.a.based on $30,000 |
$400.00 |
|
$8.00 |
|
$0.00 |
|
$0.00 |
|
$700.00 |
$5,000.00 |
|
$150,000.00 |
|
3 Years |
|
7 Years |
|
Vehicle |
- |
|
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.
Variable |
|
7.74% p.a.variable |
|
8.85% p.a.based on $30,000 |
$400.00 |
|
$8.00 |
|
$0.00 |
|
$0.00 |
|
$700.00 |
$5,000.00 |
|
$150,000.00 |
|
3 Years |
|
7 Years |
|
Vehicle |
- |
|
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.
Fixed |
|
8.29% p.a. fixed |
|
9.40% p.a.based on $30,000 |
$400.00 |
|
$8.00 |
|
$0.00 |
|
$0.00 |
|
$700.00 |
$5,000.00 |
|
$150,000.00 |
|
3 Years |
|
7 Years |
|
Vehicle |
- |
|
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.
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 reviewI 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.
Not bad
Read full reviewUnsecured 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
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
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
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
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
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
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
Clean Green Car Loan
7.29% p.a.
8.41% p.a.based on $30,000
over 5 years
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
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
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
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
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
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
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
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
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
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
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