Vehicle Loan
A secured car loan offering the most competitive rates with loan amounts from $3,000 to $150,000 over terms of 18 months to 7 years. Secured by bill of sale on eligible assets including vehicles, motorcycles, caravans, and other approved security.
- From
- 7.59%
- 8.43% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 18 months Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Excellent Credit | 7.59% | 8.43% | — |
| Fixed · 18 months Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Very Good Credit | 9.24% | 9.24% | — |
| Fixed · 18 months Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Good Credit | 10.85% | 10.85% | — |
| Fixed · 18 months Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Average Credit | 11.95% | 11.95% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment fee | Upfront | $595.00 |
| Monthly fee Charged monthly | Ongoing | $0.00 |
| Early repayment fee | Exit | $0.00 |
| PPSR fee | Upfront | $0.00 |
Features
- Pre-approval available — Pre-approval
- Extra repayments
- Extra repayments and lump sum repayments allowed without penalty
- Digital banking
- Full online application with electronic ID verification and digital contract acceptance
- Notifications — Online application progress notifications and status tracking available
- Fraud protection
- Comprehensive fraud protection measures in place
- Available for cars, motorcycles, motor homes, and reduced emissions vehicles — Motor Vehicles
- Available for both new and used car purchases — Vehicle Purchase
Eligibility
- Minimum age — 18 yearsApplicant must be at least 18 years old
- Individuals onlyAvailable to individual persons only
- Residency status — Australian ResidentApplicant must be an Australian resident with proof of residency
- Employment status — Full-time, Part-time, Casual, Self-employedAvailable to full-time, part-time, casual, and self-employed applicants. Self-employed applicants must have minimum 2 years of self-employment.
- Bank statements required. Acceptable proof of income: 90 days bank statements or most recent payslip (employed); Last notice of assessment, 90 days bank statements, potentially BAS (self-employed). — Documentation
- Motor vehicle comprehensive cover and third party cover required for vehicle security — Insurance
Constraints
- Minimum limit — $3,000.00Minimum loan amount of $3,000
- Maximum limit — $150,000.00Maximum loan amount of $150,000
- Minimum loan term of 18 months — P18M
- Maximum loan term of 7 years — P7Y
- Maximum age of vehicle allowed for security is 21 years — 21 years
More Information
Published by NOW Finance under the Consumer Data Right · Last updated 20 May 2026 · Product ID ea4b6456-9d91-481d-b60b-f5fe9a47f399