Choose the version of this loan that suits you best
Loan type | Name | Min loan amount | Max loan amount | |
---|---|---|---|---|
|
Variable | Used Car Loan (Home Owner, Up to 3 years old, Variable, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (Home Owner, Up to 3 years old, Fixed, Secured) | $5,000 | $150,000 |
|
Variable | Used Car Loan (Up to 3 years old, Variable, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (Up to 3 years old, Fixed, Secured) | $5,000 | $150,000 |
|
Variable | Used Car Loan (Up to 5 years old, Variable, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (Home Owner, Up to 5 years old, Fixed, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (Up to 5 years old, Fixed, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (6 to 7 years old, Fixed, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (Home Owner, 6 to 7 years old, Fixed, Secured) | $5,000 | $150,000 |
|
Fixed | Used Car Loan (8 to 12 years old, Fixed, Secured) | $5,000 | $50,000 |
|
Fixed | Used Car Loan (Home Owner, 8 to 12 years old, Fixed, Secured) | $5,000 | $50,000 |
The low-rate Used Car Loan from loans.com.au makes getting the keys to your new car easier. With features aplenty, including flexible 3-7 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 and that you'll also incur a 0.50% loading on loan terms over 5 years for a fixed rate loan.
Fire up your car engine with the loans.com.au Used Car Loan. Its fixed rates start from 8.09% p.a. (9.20% p.a. comparison rate*), or even lower variable rates starting from 7.74% p.a. (8.85% p.a comparison rate), combined with loan amounts ranging from $5,000 to $150,000, give you the freedom to choose the right used car for you. Additionally, there is a 1.2% discount on fixed rates available for applicants who have a mortgage.
The loan is secured against that car you buy, and it’s available for used cars purchased from a licensed dealer or a private sale.
It has a pretty broad range of loan terms up for grabs, from 3, 4, or 7 years. You can also choose from weekly, fortnightly or monthly repayments, so that you can set up a payment system that works for you. Keep in mind that you'll also incur a 0.50% loading on loan terms over 5 years for a fixed rate loan. Also balloon payments for loan terms over 5 years are not allowed.
With 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 for dealer purchased cars, a monthly $8 fee and $20 late payment fee to look out for.
Anyone, particularly homeowners, looking for a low, rate and flexible repayment options when financing their used car should consider looking into loans.com.au Used Car Loan.
If you're purchasing a car through a private sale instead of from a dealer, the application fee goes up from $400 to $500.
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 |
|
8.09% p.a. fixed |
|
9.20% 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 |
|
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 |
|
9.29% p.a. fixed |
|
10.40% 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.
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.
Fixed |
|
9.49% p.a. fixed |
|
10.60% 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.
Fixed |
|
10.29% p.a. fixed |
|
11.40% 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.
Fixed |
|
9.09% p.a. fixed |
|
10.20% 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.
Fixed |
|
13.99% p.a. fixed |
|
15.10% p.a.based on $30,000 |
$400.00 |
|
$8.00 |
|
$0.00 |
|
$0.00 |
|
$700.0 |
$5,000.00 |
|
$50,000.00 |
|
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. |
|
1.20% 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.
Fixed |
|
12.79% p.a. fixed |
|
13.90% p.a.based on $30,000 |
$400.00 |
|
$8.00 |
|
$0.00 |
|
$0.00 |
|
$700.0 |
$5,000.00 |
|
$50,000.00 |
|
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. |
|
1.20% 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.
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.
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
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
Clean Green Car Loan
7.29% p.a.
8.41% p.a.
$8.00