loans.com.au car loan interest rates & review
loans.com.au is an Australian lender specialising in car loans and home loans.
Below we give an overview of the car loans loans.com.au offers its customers.
What car loans does loans.com.au offer?
loans.com.au offers a range of car loan products for new, used and ‘green’ car purchases, as well as for refinancing an existing car loan.
Here’s a summary of some of the features and fees that apply to loans.com.au’s car loans at the time of writing:
loans.com.au new car loans
loans.com.au offers new car loans for the purchase of new vehicles or dealer cars aged less than five years.
Fees may include:
- Application fee: $400
- Ongoing fees: $8/mth
- Missed payment fee: $20
Loan amounts available: $5,000 to $150,000
Features:
- Balloon repayment option on some loans
- Approval within 24 hours
- Weekly, fortnightly or monthly repayments
loans.com.au green car loans
loans.com.au offers green car loans with a discounted interest rate for the purchase of eligible electric cars.
Fees may include:
- Application fee: $400
- Ongoing fees: $8/mth
- Missed payment fee: $20
Loan amounts available: $5,000 to $150,000
Features:
- Balloon repayment option on some loans
- Approval within 24 hours
- Weekly, fortnightly or monthly repayments
loans.com.au used car loans
loans.com.au offers used car loans for the purchase of used vehicles from a dealer or private sale, with loan conditions depending on the age of the vehicle.
Fees:
- Application fee: $400 if dealer sale, $500 if private sale
- Ongoing fees: $8/mth
- Missed payment fee: $20
Loan amounts available: $5,000 to $150,000
Features:
- Balloon repayment option on some loans
- Approval within 24 hours
- Weekly, fortnightly or monthly repayments
It’s important to note that other terms, conditions, fees and eligibility criteria may apply to loans.com.au car loans so if you are considering taking out a loan, it’s important to read the target market determination (TMD) and other key documents carefully to ensure that the product is suitable for you.