HomeCar Loansloans.com.auUsed Car Loan (up to 5 years old) Variable Rate

loans.com.au User Car Loan (up to 5 years old) Variable Rate

The loans.com.au User Car Loan (up to 5 years old) Variable Rate offers rates from 6.89% p.a. (8.02% p.a. comparison rate*). on loans of $5,000 to $100,000.


Updated 10 July 2025


Fact checked and verified. Updated 10 July 2025
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Expert Review

The loans.com.au User Car Loan is a secured loan for vehicles up to five years old. It offers a variable interest rate of 6.89% p.a. The comparison rate is 8.02% p.a.. You can borrow between $5,000 and $100,000. Loan terms are flexible, ranging from three to seven years. There is an establishment fee of $400. An ongoing monthly fee of $8 applies. This ensures transparent costs throughout the loan term.

This car loan could be a good choice if you want flexible repayment options. It also offers potential cost savings throughout your finance term. You can access funds within four business days after approval. Additionally, you can redraw any extra repayments you have made. There are no penalties for paying off the loan early. These features help you manage your car finance effectively and keep control of your payment schedule.

Product Details
Fees

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$400 establishment fee

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$8 ongoing monthly fee

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No early repayment fee

Other fees may apply.

Rates

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Fixed rate of 6.89% p.a.

Loan Amount

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From $5,000 to $100,000

Loan Terms

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3, 4, 5, 6 or 7 years

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Secured loan

Features

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Redraw extra repayments that you have made

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the loans.com.au website.

More information
The comparison rates on this page are based on either a $30,000 loan over 5 years, or a $10,000 loan 3 years, as indicated with each rate. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in different comparison rates.
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