Interest rate from
4.74% 16.01% p.a.
Comparison rate from
5.01% 16.95% p.a.based on $30,000
over 5 years
Upfront fee
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Mozo editorial review Wisr Secured Car Loan - last updated: 4 January 2022

5 / 5
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What's hot
  • 2022 Mozo Experts Choice Award
  • Fixed rates from 4.74% p.a. (5.01% p.a. comparison rate)*
  • Extra repayments allowed
What's not
  • $605 upfront fee
Mozo snapshot

On the hunt for the right loan to get you into the driver’s seat of your dream car? Well, with competitive fixed rates from 4.74% p.a. (5.01% p.a. comparison rate)* on loans between $5,000 and $64,000, the 2022 Mozo Experts Choice Award winning Secured Car Loan from Wisr could do just the trick. 

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Key features

Wisr offers tiered interest rates on their car loans, so the interest rate that you will get will be personalised to your credit rating. Interest rates start from as low as 4.74% p.a. (5.01%% p.a comparison rate)* but can go up to 18.95% p.a. (19.91% p.a. comparison) and are fixed for the duration of the loan term.

The Wisr Secured Car Loan has loan terms from 3 to 7 years on loan amounts between $5,000 and $64,000. There are no ongoing monthly fees with this loan but there is a steep $605 upfront application fee and $25 late payment fee should you ever miss a payment.

The loan comes with a bunch of top-notch features, like flexible weekly, fortnightly and monthly repayment options, so you can tailor your regular repayments to suit your budget or pay schedule. Plus, with the ability to make extra loan repayments, you’ll have the freedom to pay your loan off and become debt-free even quicker.

Keep in mind that this is a secured loan, so your new car will be used as a security asset against the loan should you ever default on the loan.

Who is it good for

The Wisr Secured Car Loan could be a great option for most Aussies, however, with a super-low $5,000 minimum loan amount ($64,000 maximum) it could be well-suited to first-car buyers or other borrowers who wish to borrow smaller amounts of money. It could also be a great choice for borrowers with a good credit history as you could be rewarded with a better interest rate.

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Any catches

While the Wisr Secured Car Loan doesn’t come with any ongoing monthly fees, it does charge a $605 upfront application fee, as well as a $25 late payment fee should you make a late payment. Also, keep in mind that while this loan does allow extra loan repayments, it doesn’t offer a redraw facility, so you won’t be able to redraw on any extra repayments you make should you need access to extra funds.

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Polly Fleeting
Money writer

Polly Fleeting is a personal finance writer here at Mozo, specialising in loans and credit cards. Her work is aimed at helping people find ways to make smart product choices, reduce debt and get more for their hard-earned dollars. Polly has a degree in Journalism from the University of Technology, Sydney. She is also ASIC RG146 (Tier 2) certified for general advice.


Rates and fees information correct as at 20 January 2022. 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.


4.74% 16.01% p.a. fixed

5.01% 16.95% p.a.based on $30,000
over 5 years







Other financial bits



3 Years

7 Years



Weekly, Fortnightly, Monthly



Establishment fees are $605 for refinance and dealer sale, $655 for private sale


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.

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