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Second Chance Car Loans

Personal loans for

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Winner of Canstar's Innovation Excellence Award 2022*

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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.

Second Chance Car Loans

Shopping for a car can be an overwhelming experience if you don’t know how to get fast and manageable financing. At one point, you might even be tempted to apply for second chance car loans.

Here at MONEYME, we pride ourselves on giving a vehicle finance decision through an evaluation process that boasts transparency and impartiality. This means that you can have our system assess your standing, allow us to approve your request if you’re eligible, and then proceed with transactions from there. 

Aside from a meticulous background evaluation, applying at MONEYME means that you can receive a principal balance and an interest rate that caters to your unique financial situation. Choosing our vehicle loan service also lets you enjoy exclusive benefits you’d be hard-pressed to find elsewhere.

What are you waiting for? Fill up our five-minute application form, and become a part of our community today! 

What is a second chance car loan? 

Second chance car loans are cash solutions made with aspiring vehicle owners in mind. They typically appeal to those with low credit scores, but unfortunately, they often come with steep interest rates and fees and aren’t offered by every lender.

MONEYME helps borrowers purchase the vehicle of their dreams with our unsecured personal loans for cars. If you don’t have an excellent credit score, you can start with a small loan from us and work towards getting more borrowing power and eventually get access to more funding.

The longer you work with a company, the more security they receive as a lender, so it’s quite important to borrow from a reputable and trusted partner that can support you for years to come.

Instead of looking for funding options at a bank, lenders that offer second chance car loans, or perhaps a car dealership that finances, you can apply for car loan deals on our online platform. This can be more advantageous for you as we make sure to take into account a wide range of factors and conditions. 

Rather than focusing on micro aspects alone, our advanced system will consider your source of income, obligation from debts, overall living expenses, and more. With all these other aspects taken into consideration, we are able to see the greater picture – allowing us to recommend the appropriate principal balance and interest rate. 

If you meet our eligibility criteria, then we’ll be more than happy to give you an approved status for our loans. As long as we can see that you can handle our favourable terms, we can offer a personal car finance plan that will suit your specific needs. 

Apply through our online platform, and see firsthand how our premium options can help you secure your ideal vehicle.

What are the benefits of second chance car loans? 

If you’ve searched ‘second chance financing cars’ or other similar terms on the web, then you most probably want to enjoy all the advantages second chance car loans have to offer. This includes obtaining enough funds to get behind the driver’s seat again.

However, if you choose MONEYME as your go-to lender for personal loans, then you’ll get funds for your car without the disadvantages of second chance car loans. Even more, you may be able to have an easier time making repayments with fair rates and favourable terms, and you can work on building upon your personal financial situation by regularly meeting repayments. 

With MONEYME, you’ll also get:

  • Same-day fund wiring. Has your car dealership stocked up on a great offer? If so, then you’d be pleased to know that you can pay for its cost in no time. No longer will you have to wait weeks for a response. Apply at MONEYME to potentially get approved in as little as 60 minutes, and then have funds transferred right away.
  • No collateral risk. If you’re concerned about the repossession of your vehicle, then you should try out our cheap car loans. With us, you’ll always have full ownership of your asset as we only provide unsecured options.
  • Overall client convenience. Through our mobile phone app available on both iOS and Android, you can have a convenient experience even after borrowing money. Just load up our intuitive platform to check your loan balance, manage your repayments, and more. 

Join us at MONEYME today, and try out these unique lending services benefits. Enjoy our personal loans to get on the road as fast as possible!

How can I get a second chance car loan?

The application process and requirements for second chance car loans can vary from lender to lender. 

At MONEYME, you can get unsecured personal loans with a principal balance of $5,000 to $50,000 and an interest rate tailored to your specific financial situation. Just make sure that you are an Australian resident, aged eighteen or older, and currently generating income before you follow the steps below. 

  1. Open up our five-minute application form. For the first portion, simply share with us your preferred budget and repayment duration.
  2. For the next portion, select ‘vehicle expenses’ as your reason for borrowing money. Afterwards, encode some personal details such as given name, email address, and birthday.
  3. Go through all the data fields once more and submit your request when you’re ready. Have our advanced technology assess your financial situation and wire in your credit if you qualify.

That’s all there is to it when it comes to our application procedure. If you want to get started, don’t hesitate to use our intuitive online loan calculator for an estimated car finance quote. This way, you can compare our rates with that of other offers, and you’ll also know what to expect once you apply for our loan offers.

Join MONEYME today, and enjoy a lending service like no other!

Our customers

Second Chance 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


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