Personal
loans for
kicking goals

Low rates starting from 9.19% p.a. (comparison rate from
10.58% p.a.*) with money in your bank account in as little as
60 minutes.

Won’t impact your credit score!
Won't impact your credit score!

Estimate your repayments

Find out how much your repayments and interest rate could be with our calculator.

Enter your loan details

$

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Estimated monthly repayments

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

An award-winning experience

Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% p.a.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.
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*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.

Best Bank for a Car Loan



Getting a car loan can be a stress-free journey if you are smart enough to choose the best bank for a car loan. Banks are one of the highly trusted institutions when getting a car loan. Aside from the high chances of approval, they also offer low-interest car loan rates and attractive loan terms. So in choosing the best bank for a car loan, your specific needs and financial conditions should be your top consideration. 

Countless banks in Australia offer the best car finance deals. Others may not necessarily offer the cheapest interest rate; but taking a closer look at their favourable terms, among other bank charges, fees, and conditions, may help you decide in getting the best car loan deals in the best bank.

Today, thousands of online lenders are here to help you with your search for the best bank for a loan faster than you probably think. At MONEYME, we have already helped thousands of customers who have searched for similar and related queries or are struggling in finding the best bank for a car loan. 

Operating 100% online, MONEYME offers approval in as little as 60 minutes. Additionally, we give you the freedom to choose from our range of variable-rate personal loans that are available for balances of up to $50,000 and offer loan terms from one to five years, depending on your needs. 

Indeed, the loan application process at MONEYME is grounded in flexibility, allowing you to enjoy appropriate terms and conditions for your car loans, whether an unsecured car loan, a private car loan, or a new car loan.



How to choose the best bank for a car loan?

For some Aussie drivers, this is the year to hit the road with a fresh set of wheels. Thus, whether you’re planning to switch to a family-size car, a luxury car, or a convenient back-to-office car, choosing the best bank for a car loan is highly essential to get a low-interest car loan that offers suitable benefits, charges, security, and, most importantly, budget. 

To help you choose your best bank for a car loan, whether for a new or a used vehicle, here are five tips to think of before choosing the best bank for a car loan: 



Check the key car loan features of each bank 

Auto lending is predicted to rise as more Australians aspire to get into the best bank for a car loan. Hence, checking out the necessary car loan features of each bank would give you an overview of each bank’s car loan offers and which among them best fits your needs: 

  • Minimum required monthly household income 
  • Loan amount
  • Down payment
  • Effective interest rate
  • Repayment terms
  • Approval time

If you would like to avail of faster auto financing, online lenders like MONEYME can give you the cash you need in as little as 24 hours of applying as we operate 100% online. There are no lengthy documents to upload, and we don’t need to speak to your employer. Additionally, you could be approved up to $50,000 online today. 

In a very competitive market, this is what makes MONEYME the first choice of Australian customers and businesses. 



What documents do I require to apply for a car loan?

When choosing the best bank for a car loan, knowing the particular documents required by the financial institution or lender can save you from unprecedented circumstances and guarantee you a car loan approval. To help you get started, we have handpicked the fundamental requirements needed for a bank loan for a car: 

Identification

  • Driver’s licence
  • Evidence of residential address and residential status

Financial information

  • Bank statements
  • Assets and liabilities
  • Evidence of income

Information about the car 

  • Registration number and VIN
  • Purchase price
  • Comprehensive car insurance policy

If you borrow from MONEYME, we only need access to a ‘read-only’ 90-day snapshot of your bank transactions and complete the identity check with biometrics. There are no document downloads or faxes required.

MONEYME also has a great offer to those who want a quicker and easier access to a line of credit for car finance. Our Freestyle Virtual Credit Card will let you enjoy numerous benefits that include flexibility, competitive rates, and reusable quick loans.



How long does it take to get a car loan?

Depending on the best bank for a car loan that you chose, the approval time for car loans varies. It is not set in stone, and several factors can affect the evaluation time of your car loan application such as your credit history, your chosen car type, and your financial circumstances. 

If you’re looking for a quicker process, online lenders have quick online applications that may easily get you behind the wheels. At MONEYME, we believe that every Australian deserves the best bank for a car loan that is highly accessible, has low interest rates, and covers just terms and conditions. If you compare loans online, you can easily find the best deal on your next car.

Aside from car loans, MONEYME also offers personal loans that cover a wide range of purposes. From buying a new vehicle, financing your home, or anything else you may have in mind, we’ve got you covered.

What are you waiting for? Start your application today at MONEYME. Simply install our app and you’re one click away from unlocking new financial opportunities.

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How to apply

1 Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

2 Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

3 Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

Bank-grade security

‘Read only' access to accounts

256-bit data encryption

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Loans for small
and big moments

Won’t impact your credit score!
Won't impact your credit score!
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Best Bank for a Car Loan

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