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Unsecured 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.

Unsecured Car Loan

Traditionally, loans for big-ticket items like cars use the item being purchased as collateral, but with an unsecured car loan, you can get your dream car without providing any collateral or asset as security. An unsecured car loan is a car finance option that is designed to cover the upfront cost of purchasing a new or used car, and through MONEYME, lenders can enjoy fast and seamless online transactions that can be approved within the same day. What’s even better is that it offers low interest rates. Car loan payments are very flexible, and no early-exit fees apply. 

No wonder MONEYME is the go-to money lender in Australia offering individuals access to unsecured personal loans, like our unsecured car loans and boat loans online.

How do unsecured car loans work? 

Once you are approved for an unsecured car loan, the lender will direct deposit the loan amount to your bank account. Then, the next thing you will do is to go to your chosen car dealership or private vehicle seller to buy your dream car using your unsecured car loan money. 

Easy as it may sound, here’s a more in-depth explanation of what car loan borrowers need to know about how unsecured car loans work. 

Car finance offers like unsecured car loans are usually accompanied by higher interest rates, but the good thing is you do not need to worry about your car being repossessed for missing a payment. In case a borrower fails to make a payment or meet the terms and conditions set by the lender, the lender may approach the court and force the borrower to pay the debts. Known as a high-risk investment, unsecured loans are quite difficult to come by, and thankfully, MONEYME is here to help borrowers apply for a variety of hassle-free car finance deals

By contrast, a secured car loan offers borrowers lower interest rates because they have your vehicle as collateral in case you missed a payment. 

MONEYME offers only unsecured loans, so if you’re looking for quick approval car loans to get your dream car, apply today!

What are the benefits of an unsecured car loan?

With the flexibility and convenience of an unsecured car loan from MONEYME, it gives borrowers an easy car finance source that can be secured in the fastest way possible compared to other car loans like personal loans and secured loans.

Other benefits that await you if you’re planning to avail an unsecured car loan include the following: 

The car is not at risk in case of a default

As mentioned above, an unsecured car loan does not allow the lender to seize the car purchased by the borrower to recover the money. 

Simple application process

As this type of loan is extremely straightforward and simple, the application process is a breeze. MONEYME only requires some basic information from you to ensure your eligibility, and our technology will do the rest. 

Quick access to funds 

At MONEYME, borrowers’ access to money is made easier, faster, and smarter. Operating 100% online, loan approval results are out in as little as 60 minutes. 

Flexible loan tenure 

What most borrowers love about our unsecured car loan is its flexible nature when it comes to loan tenure. Here, you have the freedom to negotiate with us regarding the term of the loan, which would help you to also arrange it in favour of your convenience. 

How to apply for an unsecured car loan?

To apply for our unsecured car loan, you only need to fill out a short online application form. The whole process is simple and takes only a few minutes. You’ll just need to provide some basic information about yourself, including your name, address, date of birth, employment details, and income. Once you’ve submitted your application, one of our friendly loan consultants will assess it and get back to you with a decision within minutes. If you’re approved, we’ll transfer the money ranging from $5,000 to $50,000 straight into your bank account so you can access it as soon as possible.

Because an unsecured car loan doesn’t require any collateral, you need to prove your creditworthiness, which your credit report can reveal. Nonetheless, having a mark does not automatically mean that MONEYME will turn down your loan application. To come up with the fairest and most accurate lending decision, you need to prepare documents that will prove your eligibility such as proof of identity and proof of income that will support your entire financial situation, including your cash flow, and debt obligations, monthly income, and living expenses. 

To assess your financial situation, we need your bank details so we can see read-only snapshots of your most recent bank transactions. In this way, we can evaluate if your requested amount is something that you can afford to repay on a regular basis without putting you in a tight financial position.

MONEYME offers unsecured personal car loans that come with more favourable repayment terms and lower interest rates than traditional lenders and banks in Australia. Offering competitive rates and financing options that are truly borrower-friendly is what matters to us. 

Applying for the best car loans with MONEYME is easy, fast, and convenient, so why not get started today? Give us a call or send us an email. Our experts are here to help you every step of the way.

Our customers

Unsecured 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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