Showing results for

Car Loan Lenders

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.

Car Loan Lenders

If you’re looking for a way to finance a new car but don’t have the upfront cash to pay for it, car loan lenders can help you. Car loan lenders’ prime purpose is to let you borrow a lump sum of money and pay the amount borrowed by monthly repayments. 

Typically, vehicle finance offered by car loan lenders is accompanied by various steps to verify an applicant’s creditworthiness before approving a loan. They look at your credit score and history, your proof of income and residence, and your proof of identification to see if you are eligible to acquire one and make repayments on time. However, you also need to understand that borrowing money always comes with charges, fees, and interest rates. 

Getting a car on finance can be quite confusing at first, but with MONEYME, every process is simplified and quick. By submitting your application online, you can also get the loan approval within the same day. All you need to do is start your application during our office hours, and as long as our requirements are met and uploaded online, the money loaned will be sent straight to your wallet in a day.

What do car loan lenders look for?

You want to put your best foot forward when applying for a mortgage, auto loan, or personal loan, but this can be difficult to do when you’re not sure what your lender is looking for.

When dealing with car loan lenders, putting the best foot forward can be difficult to do especially when you do not know specifically the requirements you need to submit and get approval. Perhaps the first thing might be getting a good credit score, but it doesn’t end there. To get the best car finance loans from car loan lenders, here are some of the crucial factors to keep in mind to secure a car loan approval: 

Your credit

Did you know that in Australia, a credit report showing a score of 800 above is excellent for car loan lenders, and 500–540 above is considered good?

Frankly, different credit scoring agencies calculate your credit score slightly differently when it comes to auto financing, be it a new car loan or a used car loan. However, the three trusted credit bureaus, Equifax, Experian, and Illion’s standard credit scores for borrowers fall within those ranges. That’s why as much as possible, you should make your repayments on time to avoid having such problems in the future. Remember, the higher your credit score, the better for car loan lenders. 

Your income and employment history

Lending is a huge business, so car loan lenders are obliged to know if a borrower has the means to pay back the car loans by reviewing documents proving your current source of income and employment history. These proofs vary based on the kind of loan you are applying for. In most cases, a higher income and an excellent and steady employment record will boost the lenders’ confidence and increase your chances of getting approved. 

Your debt-to-income ratio

Car loan lenders look at your monthly debts as a percentage of your monthly income. Before being granted a car loan finance, lenders would like to see if your debt-to-income ratio is low, with others accepting ratios of up to 43%. To be qualified for the best car finance loans, you need first to take a look at the result of this evaluation to assess whether you can proceed or not. 

Value of your collateral

For most car loan lenders, collateral is required to secure a loan unless you are applying for an unsecured loan. Depending on the choice of car that will serve as your collateral, lenders will depend on the amount you can borrow on its value. 

Looking for a car loan lender that offers hassle-free and easy loan requirements? Try MONEYME. With our Freestyle Virtual Credit Card, you can enjoy an array of benefits that include flexibility, competitive rates, and reusable quick loans.

Can I get a car loan with less-than-excellent credit?

Car loans exist for people who don't have the best credit history, but it comes with a huge downside: a significantly higher interest rate.

There are two fundamental differences that set car loans for those with not-so-great credit apart from regular ones:

  • First, car loans for borrowers with less-than-ideal credit usually have higher interest rates than regular loans, which are accompanied by higher fees and charges as well.
  • Second, car loans for those with credit scores that aren't great sometimes require more security, such as a guarantor since they consider borrowers whose credit scores aren't ideal as high-risk clients.

Nevertheless, there are some car loan lenders who specialise in these cases, so the key is to diligently shop around and do some research about the reliable car loan lenders who can offer you reasonable and best car finance deals.

What are the documents required to apply for a new car loan? 

For lenders who issue loans for big-ticket items such as car loan lenders, there are fixed and required documents that need to be submitted to successfully process your loan application. If you’re planning to get one, make sure that you make these documents handy to ensure a smooth and fast transaction: 

  • Personal information and identification
  • Proof of income
  • Proof of assets and liabilities
  • Information about your car and insurance

At MONEYME, we understand that applying for car loan deals can be daunting and time-consuming. We want to make things easy for you, so rather than requiring you to fill out reams of paperwork, we use cutting-edge technology to assess your eligibility quickly and securely. We only require that you give us access to read-only snapshots of your last 90 days of banking activities. This way, we can assess your car loan application in a matter of minutes and let you know whether you’re eligible for a loan and how much you can borrow.

You can then use our online form to complete the rest of your application for our online car loans. You can even have the money in your savings account on the same day you apply. So if you’re looking for a fast and easy car loan, apply with MONEYME today!

Our customers

Car Loan Lenders

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