Showing results for

Best Car Loan Deals

Personal loans for

Trusted by thousands of Australians

The Morning Show The Morning Show

Award winning lender

Award winning lender

Winner of Canstar's Innovation
Excellence Award 2022*

Winner of Canstar's Innovation Excellence Award 2022*

Estimate your

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


Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Best Car Loan Deals

It is hard to find the right vehicle for you, but it is equally overwhelming to get the best car loan deals that may best suit your financial situation. To find your best car loan, start by comparing a variety of options, including their interest rates, fees, and features, to see which one will work best for you. While the best car loan deal is not applicable to every borrower, the best car loan deal is known to

  • help you achieve your financial aspirations;
  • come with a reasonable and competitive interest rate;
  • charge little to no fees;
  • belong to your preferred financial institution;
  • provide loan features; and
  • suit your financial circumstances and budget.

MONEYME is home to the most trusted unsecured car loans in Australia. Curated as an advanced tech-driven platform, our platform proudly provides our consumers with a seamless online process done in minutes and is highly accessible through a mobile app. With loan amounts ranging from $5,000 to $50,000, there’s no better choice than MONEYME. 

What are the different types of car loans?

The different types of car loans are as follows:

Standard car loans

This is the typical type of loan offered by banks, credit unions, and stand-alone lenders. It’s the simplest vehicle loan option, and you can borrow money for a new or used car. You have two options: secured and unsecured loans.

  • Secured loan. Generally, a secured loan uses collateral. This serves as security for lenders and also minimises the risk in case of default. For car loans, your purchased car will automatically serve as your collateral for car finance. What’s more interesting is that secured car loans offer better interest rates, thus allowing you to save money.
  • Unsecured car loan. For those who would like to secure a car loan without collateral, an unsecured car loan is the answer. The only setback for this type of loan is it poses higher interest rates than the typical car loans

Fixed vs variable car loans

On top of deciding whether to get a secured loan or an unsecured loan in your search for the best car loan deals, one crucial factor that you need to consider is the best interest rate, whether fixed or variable. 

As the name suggests, fixed-rate car loans mean that throughout the loan, your rate will stay the same. This is a huge advantage since you will be assured that your repayments will be consistent throughout your loan. 

By contrast, variable-rate car loans can have moving interest rates throughout the loan term, as the loan adapts to the market condition. Nonetheless, it also has an advantage as it can have lower rates than fixed rates and can be a better option if you aren’t worrying too much about making different repayment amounts.

Bank car loan vs peer

While there are truly tons of best car loan deals from financial institutions, including banks, credit unions, and online lenders in Australia, we’ve broken down the major differences between a traditional bank loan and a peer-to-peer lender.

As one of the known providers of the best car loan deals, a bank loan for car gives you the advantage of borrowing from the same place you have your bank account and other financial accounts, giving you a more convenient way of tracking your financial deals and transactions.

On the other hand, peer-to-peer lenders function by giving you access to an online marketplace, and it is funded by individual investors.

New car loan vs used car loan

New car loans always come with numerous benefits compared to old ones. However, they also come with higher interest rates than a car loan for used cars. Meanwhile, used car finance usually comes with lower interest rates and fees due to the car’s value. 

At MONEYME, you can have a variety of loans to choose from. From personal loans to credit cards, name it and we have it. Check out our website or mobile app and see it for yourself. 

How much can I get through a car loan?

If you’re in the market for a car loan, the first thing that you should do is to determine how much you can borrow. While every loan is different, most secured car loans offer between $10,000 and $100,000. It only means that your car secures the loan itself, allowing you to enjoy a lower interest rate than an unsecured car loan

At MONEYME, we offer unsecured loans with a quick approval rate, competitive interest rates, flexible repayments with no early-exit fees, and a loan amount ranging from $5,000 to $50,000. By simply filling out our online form, you can easily get a result in as little as 60 minutes. 

How to get the best deals on a car loan?

Getting the best car loan deals is like entering a challenge that requires thorough preparation. Thus, we would like to share four things that will help you secure the best car loan deals in your car buying journey: 

  • Check your credit reports.
  • Shop around for the best loan deals.
  • Choose the shortest loan you can afford.
  • Try to pay your monthly repayments on time.

Want to start exploring some options? Choose MONEYME. Simply complete our 100% online application form, and we will give you our decision minutes after submitting your request! 

As an online lender known for a quick and hassle-free loan process, we’d like to give Australians the opportunity to get their ideal car while providing convenient and affordable car loan deals that fit their financial circumstances. If you’d like to know more about us, check out our website or simply install our app today. 

Our customers

Best Car Loan Deals

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

View more

Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


Ready to get

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

Personal Loans are running hot!

55 people in the last 24 hours have applied

Freestyle is running hot!

55 people in the last 24 hours have applied

Debt Consolidation is running hot!

55 people in the last 24 hours have applied