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Vehicle Loan

Personal loans for

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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.

Vehicle Loan

A vehicle loan can help you get on the road in your dream car sooner than later. MONEYME offers the perfect financial solution for those who want to finance their car purchase without risking their assets.

How do vehicle loans work?

A vehicle loan lets you borrow money from a lender to buy a car. It is an excellent resource if you need a vehicle but lack the funds to purchase one outright. It lets you get immediate access to a car you could not otherwise afford. 

The amount you obtain from a vehicle loan plus interest must be paid back in regular instalments over an agreed loan term. With MONEYME, you can choose a loan term between one and five years based on your financial capacity.

Another benefit of taking out a vehicle loan is that it lets you improve your credit score over time. You can easily build a good credit history just by making timely regular payments to become eligible for more significant loan amounts in the future. 

MONEYME grants unsecured car loans that bank on your ability to repay debt instead of requiring collateral. That means you never have to worry about losing properties in the unlikely event that you default on the vehicle loan. You can get in touch with our support team to learn more about our services.

How are interest rates calculated for a vehicle loan?

The interest rate is arguably the most important consideration when choosing a vehicle loan. You can save thousands of dollars if you are diligent about selecting the lender. That is why you should compare car interest rates across different car lenders to find a lender that suits your requirements. 

A vehicle loan comes with either a fixed or variable interest rate. The former remains the same throughout the duration of the loan, while the latter fluctuates according to an underlying benchmark or index that changes periodically. 

MONEYME charges variable interest rates on both a new car loan and a used car loan. We encourage you to use our personal loan calculator to compare repayments across different interest rates and loan terms. It is a convenient tool to determine which terms and conditions fit your budget. 

Our repayment calculator can also help you get an idea of how much interest you might have to pay based on the length of your loan. This transparency makes it easy for you to manage your budget and avoid unnecessary spending.

How to apply for a vehicle loan?

Applying for an auto car loan from traditional lenders like banks and credit unions can be a hassle because of the extensive documentation they require. We strive to eliminate this hurdle as one of the premier online money lenders in Australia. 

MONEYME takes pride in our reputation as the most convenient alternative to conventional lending institutions. We get rid of typical loan processing hassles with our completely digital loan application system. 

This innovative process takes no more than a few minutes to complete using only your computer or mobile device. With us, you submit your application online and get approved in minutes. We can even have the money credited to your account in as little as a couple of minutes after approval!

You can skip the lengthy phone calls associated with traditional loan applications – all we need is digital access to your latest bank statements and driver’s licence. You can also contact our customer service team if you run into trouble at any point during the application process.

It is essential to consider a few factors before applying for a vehicle loan. It is best that you maintain a good credit history and exhibit decent savings to get better chances of approval. These things reassure lenders that you will still be able to meet your obligations in case of financial difficulty. They can also help you secure lower car finance interest rates, but you are still free to apply if you don't have a great credit score.  

MONEYME considers factors beyond just your credit score to determine your eligibility for an auto loan. We assess your bank statements and other information to get a better picture of your financial capacity. We have an extensive range of solutions that enables us to accommodate the different needs of our customers.

MONEYME ensures your financial interests are protected in line with our commitment to responsible and transparent lending. We exercise due diligence when developing loan terms to get you on the track towards financial stability. We can assure you that we will never lend you more than you can realistically afford to repay. 

MONEYME grants unsecured loans that put more weight on your ability to pay back than the value of the vehicle. That means you never have to worry about losing your car and other assets if you ever default on the loan. Moreover, we never charge early-exit fees if you decide to settle your loan before the end of the term. 

You can take advantage of our intuitive platform to manage your loans directly from your computer or mobile device. It has all the necessary information to keep track of your car payments. So whether you want to ditch public transportation or need an upgrade to fit new members of the family, we can assist you. 

Check out our line of services and apply now!

Our customers

Vehicle 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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