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Car Loans

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

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Example interest rate

9.20% p.a.

Comparison rate*

10.58% p.a.

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Car Loans

Car loans make it easy and possible to buy a new or a second-hand car. You don’t need to wait until you’ve saved enough money to purchase the car of your dreams. Buying a car is one major life decision you need to make in time. So instead of paying the lump sum amount of a new car, you can use your hard-earned money on other important things like building your emergency fund or starting a new business. 

Car loans make good financial sense because they can help you buy the car you need while keeping your payments low. At MONEYME, you can get access to personal loans for cars in just a few minutes. MONEYME is a trusted digital financial service company that provides you with a smarter and faster way to borrow money online, anytime and anywhere.

Forget lengthy approval processes and paperwork as everything works online! You don’t need to go through the hassle of a loan application as MONEYME provides you with a fast, simple, and easy car loan application process. 

How to apply for a car loan?

Applying for a car loan need not be complicated. Unlike traditional finance and banking institutions, MONEYME makes applying for car finance easy and convenient – and you can get approved and access your funds within the same day! If you’re thinking about giving it a go, here are some steps on how to apply for car loans at MONEYME.

Step 1: Sign up for our online application

Gone are the days when you need to fill out endless copies of car loan application forms. Using your mobile phone, you can sign up and apply for an auto loan with just a few clicks. Filling out the form will only take you about three minutes to complete!

As our online application is paperless and we won’t require you to submit countless documents, you can electronically sign all the information necessary to process your loan. You will be asked the following information:

  • Personal details
  • Reason for borrowing
  • Employment status and history 
  • Income and expenses

You also need to put your ideal borrowing amount and the purpose of your loan so we can assess your application. Providing us with all the correct information is necessary to avoid delays in the approval process. 

To qualify for our cheap car loans, you must meet the following eligibility criteria:

  • An Australian citizen or a permanent resident
  • Over 18 years old
  • Employed

The assessment process will help us determine if you can afford to repay your car loan responsibly.

Step 2: Wait for our fast and same-day approval

Once you’ve submitted your online application, you will need to wait for our assessment and approval the same day before getting your funds. All the information that you’ve supplied will be assessed to determine what kind of credit history you have.

Even if you don’t have a good credit standing, you may still have a chance to get approved. However, your credit history will affect the total cost of a loan that you may qualify for.

Step 3: Get funds transferred immediately after approval

You can get car loan approval within minutes when you apply during business hours. Once your car loan amount is approved, the cash you need will be in your bank account on the same day – or even minutes after approval (depending on your bank).

How much can I borrow through a car loan?

MONEYME offers car loans up to $50,000. The amount you can borrow depends on your individual circumstances, such as your income and credit score. We offer competitive rates and flexible repayment options, so you can tailor your loan to meet your needs.

Aside from the flexibility of our car loans, we also do not charge early exit fees. So if you decide to pay off your loan early, you won’t be penalised.

To find out how much you could borrow, simply enter your details into our personal loan calculator. We’ll give you an estimate of your potential loan amount and the monthly repayments. You can then apply for a car loan through MONEYME in just a few clicks.

How does the repayment process work?

Since you’ll be receiving a lump sum of money for your personal car loan, you need to pay it back with interest as agreed over a certain period – from one to five years. The interest rates on your repayment will be determined based on your credit rating, outstanding debts, total income, and living expenses.

The higher your credit rating, the lower your interest rate. Having a good credit standing will also increase your chances of getting approved, and you may also be offered better loan terms. On the other hand, a less-than-stellar credit rating will usually attract higher interest rates.

A secured car loan makes your purchased vehicle the collateral for the loan. If you don’t have the means to pay your loan, the lender can seize the car to recover the loss. The lender serves as the auto owner until the lender pays the final payment.

By contrast, unsecured car finance deals mean that a loan is made without collateral. Obtaining a car through a no deposit car finance deal means you will usually incur high-interest rates and have fixed payments of 36, 48, or 60 months. The shorter the term, the higher the monthly repayment. 

MONEYME offers unsecured car loans, which means no car or asset will be taken if you default on the loan. To help you plan your finances, you can check out our free online loan repayment calculator.

You can manage all aspects of your easy car finance anytime and anywhere through our iOS or Android app. MONEYME provides you with innovative finance solutions and credit products whether you are an Australian consumer or business entity. 

For more information about our car loans and other services, send us a message or call us on 1300 669 059.

Our customers

Car Loans

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!

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