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Pre approved car loan

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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.

Pre-Approved Car Loan

Waiting for your pre-approved car loan brings so much anticipation. After applying for new car finance, you're now ready to buy your dream car. But before you do so, you need to wait for your pre-approved car loan. This information gives you the exact amount of the loan, how long the loan term is and how much will be your monthly payment. MONEYME gives you the freedom to decide with our easy, convenient financial solutions. You don't have to feel pressured to sign anything, and you can take your time to think about the offer before getting back to us.

Our online application lets you experience a clear and reliable pre-approved car loan process. MONEYME helps you understand what you're up to by sending you detailed and accurate information about your loan interest, terms, repayments and the total loan amount. We make sure that we're both on the same page and that you're on the right track before signing our contract. Avail of MONEYME's credit products that will keep you on top of your auto loan processing, so you know every detail that matters.

What does a pre-approved car loan mean?

Before buying that car, getting a pre-approved car loan means having a conditionally approved car loan by the lender for a specific loan amount. A pre-approved car loan shows your car dealer that you are qualified and ready to buy that brand new or second-hand car. You can treat the pre-approved car loan as a loan quotation that gives you the exact estimate of the total loan amount to know if you can afford it. 

A pre-approved car loan helps lenders like MONEYME measure your ability to manage repayments without breaking the bank. The information in pre-approved car loans will help you determine if your monthly income can sustain your monthly debt repayments. The lower your debt, the more likely you can consistently repay on time.

Choosing a lender that provides you with a pre-approved car loan helps you make better financial decisions. Since a big part of your monthly budget pays for your auto loan, choosing a transparent lender in charges is important. MONEYME allows you to compare rates or the total cost of your loan, including interests and other applicable fees. We always strive to be transparent regarding the true cost of your loan so there won't be any surprises. Because we value lender-customer relationships, we aim to make sure that our long-term partnerships are based on trust.

Since a pre-approved car loan tells you how much you can borrow and pay for your vehicle loan, we highly recommend that you make it a priority. There are many benefits that a pre-approved car loan does to your auto loan decision-making process. 

First, it makes your car buying experience less stressful than usual. We know that no one wants to be left in the dark. If you don't know how much the auto loan amount and interest rates you will expect, the more anxious you can become. So be careful with lenders that approve your loan without a pre-approved car loan, as it is too good to be true. Make it an effort to avail yourself of the best way to finance a car so you know how much you can afford to pay.

Second, a pre-approved car loan helps you keep your finances in check. Paying monthly loans responsibly is no easy task. If you know your total loan amount, you'll know when and how to pay it, which gives you the confidence that you can pay within your budget. A pre-approved car loan makes calculating your loan payments easy and clear, so there won't be any hidden charges. Your pre-approved car loan allows you to assess your financial standing, so if you cannot afford to get an auto loan now, it can help you determine if you need to save more or find other means of income to afford it in the future.

And lastly, a pre-approved car loan gives you control in the car buying process. Online lenders like MONEYME give you payment flexibility with no early exit fees. You'll know every detail of repayment charges and conditions once you have pre-approved car finance. You can still look for other financing car offers, compare them and choose one that will give you fixed interest rates with low monthly payments. Instead of the lender taking the driver's seat in the negotiation process, you can trust that you can make arrangements for what best fits your financial condition. At the end of the loan offer, the decision of how much you can comfortably borrow and pay stops with you.

How to get pre-approved for a car loan?

Getting a pre-approved car loan depends on your credit score and credit history. If you want your loan application and car loan approval to run as smoothly as possible, you need to spend time reviewing your credit standing.

Before you expect a pre-approved car loan, the lender will have to know how you managed your credits in the past. This will give them an idea of how long your loan accounts have been, how timely and consistent you are in repayments, and how well you managed your loans. Your overall credit report will determine your interest rates, loan terms, and repayment costs should you be approved for the new car finance deals. The higher your credit score, the lower the interest payments will be. 

Don't worry if you don't have a pristine credit report. You can still apply for a car loan at MONEYME if you can demonstrate that your circumstances have improved since then, and we’ll be happy to consider your application. However, your credit score will most likely affect your interest rates and car loan cost. You will still have to maintain a good credit rating to get a pre-approved car loan, so make sure you have updated any of your credit obligations before a lender does a ‘no credit check car loan pre-approval’.

You increase your chances of getting pre-approval with good credit records. However, if your pre-approval car loan gets denied because of insufficient income or low credit ratings, you may need to improve your credit standing. You can do this by paying your loans on time. Make sure you have updated your credit history payments so they can reflect a good credit standing.

Apply for a car loan with our fast and easy online application at MONEYME. Our no-obligation personalised offer from pre-approved car loans lets you compare loan rates and arrive at the best financial decision. Avail of competitive interest rates in car loans. We offer the best online personal car loan deals requiring no asset security for up to $50,000. Get a same-day car loan approval and fund transfer at MONEYME. Explore our credit options and find what's best for you. Contact us for more information today.

Our customers

Pre approved 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


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

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