Low rates starting from 6.74% p.a. (comparison rate from
8.13% p.a.)
with money in your bank account in as little as
60 minutes.
Won’t impact your credit score!
Find out how much your repayments and interest rate could be with our calculator.
Estimated monthly repayments
Example interest rate
Comparison rate
Total charges
$1,857.28
Total repayments
$21,857.28
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Interest rate (p.a.)
up to
Comparison rates (p.a.)*
up to
Loans up to $15,000
Loans above $15,001
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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.
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:
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:
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.
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:
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.
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.
You can get a conditional loan offer in just minutes
without impacting your credit score!
Review your loan offer, accept it, and you’ll get an
approval outcome typically within 60 minutes.
Once approved, we’ll transfer the money to your bank
account immediately, even on weekends.
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
Simply download the MONEYME app and describe your goal in 25 words or less for your chance to win!
Won’t impact your credit score!
MoneyMe Financial Group Pty Ltd
https://www.moneyme.com.au/
AUD
1300 090 949
media@moneyme.com.au
xx
And the experience was nothing short of outstanding.
The team at MONEYME have been amazing to deal with. Super fast and helpful service & I love how easy the app is to use. 10/10 from me.
Professional and friendly people to deal with. Absolutely great dealing with MONEYME!
Terrific service and almost too easy, great communication, the timing was prompt and the App very handy.. thank you.
The app is fantastic, I like being able to see exactly where I’m at
Great customer service and quick and easy response. There were no extra cost and very happy with the rate I received.
I have had no problems at all everything was done to my satisfaction at a fast and prompt manner.
Loan was sorted quickly and with little fuss. Will use again in the future.
Efficient and Great. Fast approval with a reasonable repayment plan. Can’t ask for much more than that.
Easy to deal with very comparative I will recommend this company and I will definitely use them again and again and again .
Was a stress free application and approval received within hours. Experience was awesome, kept me in the loop when required.
Was a stress free application and approval received within hours. Experience was awesome, kept me in the loop when required. 💚
It's all about the service that is provided for the customer. Would recommend to others
MONEME were a dream to deal with, super tech, super fast and super easy! I wished I had found them sooner.
I’d gladly recommend
MONEYME has been a great help and they assisted me with all my queries.
No Fuss and easy to apply. No problems at all. Straight forward. They took all the worries and before I knew it had my loan sorted. Just great.
Easy to do business with. It was a really easy process and I would highly recommend them.
Done an amazing job, very quick and very reliable. I would recommend MONEYME to everyone. Thank you
It's all about the service that is provided for the customer. Would recommend to others
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We sponsor a child on behalf of every Australian employee. All of these children live in the same community in Uganda, called Busakira.
We partner with Canteen to help fund the delivery of vital counselling services and programs.
Canteen is an Australian not-for-profit that provides free and tailored support to young people aged 12-25 who are impacted by cancer.
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Reducing our environmental footprint to support Australia's path to Net Zero.
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For almost all banks you can expect
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For a handful of smaller banks or credit unions, it may take 1 business day.
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