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Low-Income Car Loans

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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.

Low-Income Car Loans

It is not necessary to earn a substantial income to qualify for a car loan as Australia has no shortage of lenders that specialise in granting low-income car loans.

MONEYME is a premier online lender that provides car loans requiring no collateral. You can get on the road in your dream ride with the help of these loan options. See our entire range of credit services and apply today.

How do car loans work?

You can obtain a personal car loan to finance the purchase of a vehicle. It is an excellent solution for those who need a car but lack the resources to buy one outright. 

The amount you borrow from low-income car loans has to be paid back in regular instalments over a set loan term. With MONEYME, the term usually ranges from one to five years, depending on your financial capacity. You also have to pay interest on the amount.

The most significant benefit of obtaining low-income car loans is getting immediate access to a vehicle you could not otherwise afford. It also enables you to boost your credit score.

MONEYME lets you build a good credit history by regularly using our credit services and making timely repayments. This system improves your chances of approval for larger loan amounts in the future. Get in touch with our support team to learn more about our range of services.

Our low-income car loans work like most unsecured personal loans in the sense that they do not require collateral or security. That means you never have to worry about losing properties if you default on the loan.

It is crucial that you compare the interest rates of low-income car loans from different lenders to find the best deal. We give you the option to take out a new car loan or a used car loan with fixed interest rates to ensure you know exactly how much you owe at the end of every billing cycle. We also never charge early-exit fees and other costs if you decide to settle your loan before the end of the term.

How to get a car loan with a low income?

It is true that there are a lot of lenders offering car loans throughout Australia. However, traditional financial institutions like banks and credit unions often give preference to high-income earners. 

There are other lenders specialising in low-income car loans. These lenders review applications systematically to develop a loan package that suits your requirements. 

MONEYME considers factors beyond your income to determine your eligibility for an auto loan. We also assess your credit history and bank statements to get a better picture of your financial capacity.

The best way to be eligible for our car loans for low-income people is to maintain a good credit record and exhibit good spending habits, but you are free to apply for low-income car loans even if you don't have an excellent credit rating. We have an extensive range of solutions that enables us to accommodate the different needs of our customers.

How long does it take to get a car loan with a low income?

Taking out an auto car loan takes time with traditional lenders because of the extensive documentation they require to validate your financial capacity. This issue is especially problematic for applicants who have low income.

MONEYME takes pride in our reputation as the most convenient alternative to traditional lenders. We eliminate conventional loan application hassles with our completely digital loan request process. This innovative system takes just a few minutes to complete using only your computer or mobile device. We can have your loan amount credited to your account on the same day, saving you time and money!

You can forget about taking lengthy phone calls associated with traditional loan applications – all we need is digital access to your recent bank statements and your driver’s licence. You can also turn to our customer service team for assistance at any stage in the application process.

MONEYME protects your financial interests as part of our commitment to responsible and transparent lending. We practice due diligence when constructing loan terms to get you on the right track for financial stability. You can rest assured that we will never lend you more than you can realistically afford to repay. 

MONEYME boasts an intuitive online dashboard that allows you to manage your loans directly from your computer or mobile device. It provides all the necessary information to keep track of your car payments. So whether you want to give up public transportation or need an upgrade to fit new family members, we have your back.

We recommend that you check out our personal loan calculator to compare repayments across different interest rates and loan terms. It is an excellent tool to see what terms and conditions best suit your budget. We also have a personal loan repayment calculator that can help you get a sense of how much interest you may have to pay based on your ideal loan term.

MONEYME grants unsecured personal loans where you won’t have to put an asset up as collateral. That means you never have to worry about losing your car and other assets in the unlikely event that you default on the loan. So check out our services and apply now!

Our customers

Low-Income Car Loans

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

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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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