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 | Used Car Loan (Up to 4 years old, Fixed, Secured) | $5,000 | $100,000 |
| | Fixed | Used Car Loan (5 to 7 years old, Fixed, Secured) | $5,000 | $100,000 |
Loan: $5,000 $100,000
Loan: $5,000 $100,000
The super low-rate Used Car Loan from loans.com.au makes getting the keys to your new car easier. With features aplenty, including flexible 3-5 year repayment terms and weekly, fortnightly or monthly repayment options, it could be the one for you. Just keep in mind, if you wish to pay the loan off early you will be hit with a $700 penalty.
Fire up your car engine with the loans.com.au Used Car Loan. Its low fixed rates from 4.67% p.a. (5.22% p.a. comparison rate*), combined with loan amounts ranging from $5,000 to $100,000, give you the freedom to choose the right used car for you. The loan is secured against that car you buy, but keep in mind, it’s only available for used cars purchased from a licensed dealer and not a private sale.
It has a pretty broad range of loan terms up for grabs, from 3, 4, or 5 years. You can also choose from weekly, fortnightly or monthly repayments, so that you can set up a payment system that works for you.
Plus, with no ongoing fees and free extra repayments, you’ll be on the road to paying off your loan in no time. Just take note that there’s no redraw facility on offer, and make sure you don’t plan on paying it off too fast, as there is a hefty $700 fee if you pay the whole thing off early.
Speaking of fees… there’s also a $400 application fee and $20 late payment fee to look out for.
Anyone looking for a low, fixed rate and flexible repayment options when financing their used car should consider looking into loans.com.au Used Car Loan.
Although there’s plenty of variety when it comes to term and repayment options, the loan is only available for used cars purchased from a dealer. If you’re buying in a private sale, you’ll need to look at other options..
Fixed
5.17% p.a. fixed
5.73% p.a.based on $30,000
over 5 years
$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
Used car must be purchased from a dealer, private sales are ineligible. $700 early repayment penalty applies on pro-rata basis. No penalty charged in the last year 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
5.67% p.a. fixed
6.23% p.a.based on $30,000
over 5 years
$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
Used car must be purchased from a dealer, private sales are ineligible. $700 early repayment penalty applies on pro-rata basis. No penalty charged in the last year 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.
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 reviewSalesmen 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.
100% Australian owned, loans.com.au opened its doors in 2010 with a vision of "making it easier for people to own and invest in property". loans.com.au offers a winning combination of low interest rates and fees and a commitment to excellent customer service. loans.com.au runs its own call centre and caters to home, investment and personal finance borrowers.
NOW Finance
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% 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
SocietyOne
Unsecured Personal Loan (Fixed)
7.99% p.a.to 10.49% p.a.
7.99% p.a.to 11.92% 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
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
5.99% p.a.to 9.39% p.a.
6.27% p.a.to 9.89% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
6.99% p.a.to 25.69% p.a.
7.79% p.a.to 26.65% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.to 9.46% 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
over 5 years
Wisr
Secured Car Loan
5.19% p.a.to 18.95% p.a.
5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% 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
SocietyOne
Unsecured Personal Loan (Fixed)
7.99% p.a.to 10.49% p.a.
7.99% p.a.to 11.92% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
5.99% p.a.to 9.39% p.a.
6.27% p.a.to 9.89% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
NAB
Personal Loan (Fixed, Unsecured)
12.69% p.a.to 18.99% p.a.
13.56% p.a.to 19.83% p.a.based on $30,000
over 5 years
