A car loan is a type of finance that allows you to borrow money to purchase a new or used vehicle. You repay the loan in monthly instalments over an agreed period, plus interest.

Car finance allows you to borrow money from a lender to cover the cost of a new or used car, which you then repay through affordable monthly payments. The term car finance covers several types of vehicle finance agreements.

You’ll need to decide how much you want to borrow and how long you want to borrow it for (the loan term). You can also put down a deposit or use a part-exchange to reduce the total loan amount.

Once approved, you’ll repay the loan in fixed monthly instalments, plus interest, over an agreed term—typically between one and seven years. Depending on the finance option chosen, the loan may be secured against the vehicle.

You can apply for a car loan if you are 18 years old or over. Eligibility also depends on factors such as your income, employment status, credit history, and residency. Both salaried and self-employed applicants can apply.

We may still be able to help, even if you’ve been refused car finance by a bank, dealership, or another broker.

Some of the lenders we work with specialise in helping customers with bad or limited credit, so we’ll do our best to find a suitable finance option for you.

All finance is subject to status and lender approval.

The amount you can borrow depends on the value of the vehicle, your income, and your credit profile. Most lenders will finance up to a certain percentage of the car’s on-road price.

Car loan terms typically range from 12 months to 84 months.

Interest rates vary based on your credit score, income, loan amount, and loan term. Applicants with stronger credit profiles may qualify for lower interest rates.

Most car finance agreements don’t require a deposit. Paying a deposit or using a trade-in reduces the total loan amount and may lower your monthly repayments.

Yes, trade-ins are accepted.

A trade-in acts as a deposit toward your new car, reducing the amount you need to borrow and potentially improving your chances of approval. Can also get cashed back to you.

Yes, you can choose a car from any dealership over Australia.

We also provide access to over 200,000 vehicles through online car search. If you don’t use the search, simply share your chosen car’s details with our account manager and they will take care of the rest.

Yes, we offer finance options for both new and used vehicles, subject to the car’s age, mileage, and condition.

Approval times can range from a few minutes to a few working days, depending on how quickly documents are provided and verified.

Typically, you’ll need:

• Proof of identity
• Income evidence (such as payslips)
• Vehicle details

• Proof of identity and Medicare Card
• ABN Number.
• Vehicle details

When you apply, we carry out a soft credit check, which may appear on your credit report but won’t affect your credit score.

A hard credit check, which can impact your score, is only completed if you choose to proceed with a finance offer.

Yes, you may be able to repay your loan early by paying a settlement figure. This amount may include early payout or settlement fees, depending on your lender and loan agreement.

Car finance can be a good option if you’d prefer to spread the cost of a vehicle, change cars regularly, or avoid paying a large upfront sum.

In some cases, it may be possible to transfer or refinance an existing car loan, potentially at a more competitive interest rate, subject to eligibility.

You can apply online by completing a simple application form. Once submitted, an account manager will guide you through the next steps and help you find the right finance option.