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Personal Car Loan

Personal loans for

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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.

Personal Car Loan

Getting the car you want and need becomes possible when you avail of a personal car loan. Whether you are a working young professional, a start-up business owner, or a seasoned driver, buying your car can happen today. Online personal loans for cars provide a fast and easy online application with same-day approval. MoneyMe lets you apply for a car loan with confidence as we offer low-interest rates and flexible repayment options.

Some may feel hesitant about getting a personal car loan in Australia as they don’t understand how it works. Getting the best deal for your auto loan starts with finding the right lender. Online lenders like MONEYME offer competitive rates and flexible repayment terms. We make personal car loan processes simple with our online credit platform that you can easily access via your mobile phone. Enjoy hassle-free and paperless personal car loan applications with MONEYME today!

How does a personal car loan work?

You don’t have to worry even if you don’t have enough money to buy a new car. A personal car loan lets you borrow money from a lender that pays for your car and covers all costs. You pay back your lender with a loan interest on a fixed-term basis. Shopping around and comparing car rates helps you explore all your car finance options. Before you even sign a new contract for an auto loan, it is always best to know how it works.

Choose a lender

You can choose from lenders like banks, car dealerships, financial entities, and online lenders. 

If you urgently need an auto loan, you must choose the best and the fastest personal car finance provider. You wouldn’t want to go through endless paperwork and a long waiting period to get approved. Online lenders like MONEYME give you quick and convenient access to loan applications regardless of the time and location. There is no need for face-to-face interactions and lengthy paperwork as long as you have internet access and a mobile phone.

Check for eligibility

Before you apply for a personal car loan online, you need to know if you are eligible to apply. To qualify for a loan with MONEYME, you must meet the following criteria: a permanent resident in Australia, currently employed, and at least 18 years of age. Once you have determined you are qualified, then you can start applying online.

Complete online application

To apply, you need to complete and submit an online application form. You have to fill up the form by supplying information about your identity, monthly income, expenses, and credit background. It will only take you less than five minutes to complete the online application, and with MONEYME, there are no application fees.

Wait for approval

Once you’ve submitted your loan application, you need to wait for approval. Personal car loan approvals are received within minutes as long as you applied within regular business hours. As a standard practice, MONEYME checks your credit history and credit score for your car loan before approval. A high credit score will help you gain access to better interest rates for a car loan, better payment terms, and low monthly repayment.

Get pre-approved

If you are approved for auto loans, you will receive a notification, and MONEYME will send your lending offer immediately. Treat this as our pre-approved car loan process. MONEYME shows you what rate of interest you will be charged on your loan and the total cost of your loan over your nominated term. The details in our lending contract serve as a loan quotation that includes the total loan amount, loan term, interest rate, and monthly repayment fees. A pre-approved car loan will help you determine if your monthly income can sustain your monthly loan payments. We make calculating your car loan payments clear and easy. 

Sign the loan contract

If you agree with the terms and conditions applied to your personal car loan, you can already sign the offer online. 

Get your funds

After receiving your signed loan contract, MONEYME transfers the money you need to buy your new car. With us, you get your funds within the same day. However, in some instances, it may take time for you to receive your cash funds depending on the financial institution your bank account is held with.

How much can I borrow through a personal car loan?

Lenders will have different ways to assess your personal car loan. MONEYME can lend between $5,000 and $50,000. You can also check our personal car loan calculator to calculate your repayments. You will need to input your ideal loan amount and for how long you intend to complete your monthly payment. You will know your total amount of repayment and charges, but it will only be an estimate of the comparison rate as other fees and costs are not yet included. MONEYME’s loan calculator serves only as a guide, and the final amount you can borrow will still depend on your financial situation.

How to apply for a personal car loan?

With MONEYME, you can apply for a new car loan from the comfort of your home. All you need is your phone, laptop, or tablet, and you can apply in just a few taps. Fill out the online form with your personal information, work details, and desired loan amount. If you are approved, we will send you a loan contract to sign. Once we have received your signed contract, we will transfer the funds to your account within minutes!

Buy the car of your dreams with MONEYME’s easy car loans. We offer a safe and stress-free way to get the cash you need at competitive interest rates and low fees. Enjoy our simple and fast approval process. MONEYME lets you borrow an amount that you can realistically afford. You can be sure that our fees are very reasonable and transparent. Get the best personal car loan deals today! Contact us for more details, and the MONEYME team will be happy to assist you.

Our customers

Personal Car Loan

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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