The details shown below are for a fixed loan between $5,000 and $100,000
The details shown below are for a fixed loan between $5,000 and $100,000
Choose the version of this loan that suits you best
| Loan type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
| | Fixed | New Car Loan (Home Owner Discount, Including Demo, Fixed, Secured) | $5,000 | $100,000 |
| | Fixed | New Car Loan (Including Demo, Fixed, Secured) | $5,000 | $100,000 |
Loan: $5,000 $100,000
Loan: $5,000 $100,000
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 comes with a great, low, fixed rate of 4.99% (5.53% comparison rate*). Homeowners can also qualify for a lower rate, starting at 3.99% (4.53 comparison rate*). The loan also has other good features such as flexible 3-5 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.
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 has a low fixed interest rate of 4.99% (5.53% comparison rate*) which is good for any car loan.
Additionally, if you own your home, you could be eligible for a lower rate, starting at 3.99% (4.53% comparison rate*).
Every car requires its’ own personalised loan amount, that’s why the loans.com.au New Car Loan allows borrowing between $5,000 and $100,000.
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 5 year loan terms. So you can tailor you repayments to whatever’s preferable to you and your budget.
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, but this is largely offset by its lack of ongoing fees and low interest rate.
| Fixed | |
| 3.99% p.a. fixed | |
| 4.53% p.a.based on $30,000 |
| $400.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $700.00 |
| $5,000.00 | |
| $100,000.00 | |
| 3 Years | |
| 5 Years | |
| Vehicle |
| Weekly, Fortnightly, Monthly | |
| yes | |
| no | |
| Maximum $700 early repayment fee, not applicable in the last 12 months of the loan. | |
| 1% 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.
| Fixed | |
| 4.99% p.a. fixed | |
| 5.53% p.a.based on $30,000 |
| $400.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $700.00 |
| $5,000.00 | |
| $100,000.00 | |
| 3 Years | |
| 5 Years | |
| Vehicle |
| Weekly, Fortnightly, Monthly | |
| yes | |
| no | |
| Maximum $700 early repayment fee, not applicable in the last 12 months of the loan. | |
| 1% 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 review
OurMoneyMarket
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5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
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5.35% p.a.to 19.09% p.a.
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NOW Finance
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5.95% p.a.to 17.95% p.a.
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Wisr
Unsecured Personal Loan
6.49% p.a.to 20.95% p.a.
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over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 9.99% p.a.
5.44% p.a.to 10.56% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
4.74% p.a.to 16.01% p.a.
5.01% p.a.to 16.31% p.a.based on $30,000
over 5 years
Latitude
Secured Personal Loan
5.99% p.a.to 21.99% p.a.
7.26% p.a.to 23.15% p.a.based on $30,000
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5.95% p.a.to 19.99% p.a.
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6.79% p.a.
7.16% p.a.based on $30,000
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5.84% p.a.to 10.56% p.a.based on $30,000
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OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.49% p.a.
6.39% p.a.to 8.19% p.a.based on $30,000
over 5 years
Alex Bank
Personal Loan
4.99% p.a.to 14.99% p.a.
4.99% p.a.to 14.99% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
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
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
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Wisr
Unsecured Personal Loan
6.49% p.a.to 20.95% p.a.
6.49% p.a.to 20.95% p.a.based on $30,000
over 5 years
Latitude
Unsecured Personal Loan
7.99% p.a.to 22.99% p.a.
9.24% p.a.to 24.15% p.a.based on $30,000
over 5 years
