AFS review
Consumer
Best suited for car buyers wanting no-deposit finance on any age of vehicle, including classics, imports and private sales
Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. See our Credit Guide.
Advertised rates
From 7.99% p.a. fixed for new cars and 8.79% p.a. used (best rate needs good credit plus property ownership); published examples run 8.99% - 10.10% by loan size
Comparison rate 10.08% new / 10.87% used (on $30,000 over 5 years); published examples reach 35.40% on small short loans*
Approval speed
Pre-approval decision typically within 4 business hours; full approval and settlement each typically 24 - 48 hours
Credit-profile fit
Considers a wide range of credit and employment histories including self-employed and ABN holders, with risk-based pricing on credit score. Benefits must be under 50% of income - benefits-only applications are declined.
Pros & cons
Pros
- No vehicle age restriction, including classics and imports
- Borrow up to $150,000 with no deposit
- Pre-approval decision in about 4 business hours
- Private sales and auctions accepted
- Considers self-employed and varied credit histories
Cons
- $15 monthly fee plus unpublished application and discharge fees
- Published example comparison rates reach 35.40% on small short loans
- Best advertised rates require good credit and property ownership
- Benefits-only income applications are declined
Key features
- Fixed-rate loans $5,000 - $150,000 over 1 - 7 years
- No deposit / 100% finance for approved applicants
- No vehicle age restriction - new, used, imports, classics and vintage
- Dealer, auction-house or private-seller purchases
- Weekly, fortnightly or monthly repayments
- Comprehensive insurance can be financed into the loan
Fees
- Application fee varies (amount not published)
- $15 monthly ongoing fee
- Discharge fee varies (amount not published)
- Optional broker origination fee up to $990 can be financed into the loan (the broker's fee, not AFS's)
Frequently asked questions
Who is AFS best suited to?
Based on our review, AFS is best suited for car buyers wanting no-deposit finance on any age of vehicle, including classics, imports and private sales.
What are AFS's rates?
From 7.99% p.a. fixed for new cars and 8.79% p.a. used (best rate needs good credit plus property ownership); published examples run 8.99% - 10.10% by loan size. Rates and fees are current as at 30 July 2026 and are subject to change by the lender at any time.
What fees does AFS charge?
Application fee varies (amount not published). $15 monthly ongoing fee. Discharge fee varies (amount not published). Optional broker origination fee up to $990 can be financed into the loan (the broker's fee, not AFS's).
How fast is AFS's approval?
Pre-approval decision typically within 4 business hours; full approval and settlement each typically 24 - 48 hours.
What credit profile does AFS accept?
Considers a wide range of credit and employment histories including self-employed and ABN holders, with risk-based pricing on credit score. Benefits must be under 50% of income - benefits-only applications are declined.
How do I apply through AFS?
Start a Loanseekers enquiry and we compare AFS against 70+ lenders for your situation. The initial check does not affect your credit score, and our specialists manage the application to settlement.
See if AFS suits your situation
One enquiry compares AFS against 70+ lenders for your exact position. No obligation, no impact on your credit score to enquire.
This is general information only, not personal advice; we have not considered your objectives, financial situation or needs. Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. Approval is subject to lender criteria. See our Credit Guide.
Rates and fees current as at 30 July 2026. Rates and fees are subject to change by the lender at any time.
*The comparison rate is based on the lender's published example and is true only for that example. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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