loans.com.au review
Consumer
Best suited for borrowers who want a fully online car loan of $10,000 - $150,000 on a new, demo or used vehicle and value a low variable entry rate, unlimited extra repayments and no early-exit fee on the variable option
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
5.94% - 16.64% p.a. variable or 6.99% - 15.79% p.a. fixed (car loans; personalised by credit score, vehicle age and type, and home ownership)
Comparison rate 7.07% - 17.76% (variable); 8.12% - 16.91% (fixed); based on $30,000 over 5 years*
Approval speed
Approval within 24 hours, subject to provision of all required information and documents; their FAQ notes the process can take up to four days depending on verification
Credit-profile fit
Rates are personalised within the advertised range based on credit score and assessment, vehicle age and type, and whether the borrower owns a home; a rate quote is free and does not affect your credit score. Baseline eligibility: Australian citizens or permanent residents over 18 earning an income. Used vehicles are financed up to 12 years old.
Pros & cons
Pros
- Low advertised variable entry rate of 5.94% p.a. (7.07% comparison)
- No early termination fee on variable loans and no discharge fee
- Unlimited extra repayments plus daily redraw on variable
- Approval claimed within 24 hours and quotes do not affect your credit score
- High $150,000 maximum and EVs financed on the same terms
Cons
- $400 application fee and $8 monthly fee
- Risk-based pricing tops out at 16.64% p.a. variable (17.76% comparison)
- Fixed loans carry a $700/$500 early termination fee
- No balloon payment option on new car loans and no dedicated EV rate discount
Key features
- Borrow $10,000 - $150,000 over 3 - 7 years, repayments weekly, fortnightly or monthly
- Choice of variable or fixed rate
- Unlimited additional repayments on both structures
- Redraw up to $5,000 per day on variable loans
- New, demo or used vehicles up to 12 years old, including EVs and hybrids
- Fully online application with a soft-check rate quote
Fees
- $400 application fee
- $8 monthly fee
- $0 discharge fee
- $0 early termination fee on variable loans
- $700 early termination fee on fixed loans in the first two years, $500 in later years (excluding the final year)
Frequently asked questions
Who is loans.com.au best suited to?
Based on our review, loans.com.au is best suited for borrowers who want a fully online car loan of $10,000 - $150,000 on a new, demo or used vehicle and value a low variable entry rate, unlimited extra repayments and no early-exit fee on the variable option.
What are loans.com.au's rates?
5.94% - 16.64% p.a. variable or 6.99% - 15.79% p.a. fixed (car loans; personalised by credit score, vehicle age and type, and home ownership). Comparison rate: 7.07% - 17.76% (variable); 8.12% - 16.91% (fixed); based on $30,000 over 5 years. Rates and fees current as at 13 Aug 2026. Rates and fees are subject to change by the lender at any time.
What fees does loans.com.au charge?
$400 application fee. $8 monthly fee. $0 discharge fee. $0 early termination fee on variable loans. $700 early termination fee on fixed loans in the first two years, $500 in later years (excluding the final year).
How fast is loans.com.au's approval?
Approval within 24 hours, subject to provision of all required information and documents; their FAQ notes the process can take up to four days depending on verification.
What credit profile does loans.com.au accept?
Rates are personalised within the advertised range based on credit score and assessment, vehicle age and type, and whether the borrower owns a home; a rate quote is free and does not affect your credit score. Baseline eligibility: Australian citizens or permanent residents over 18 earning an income. Used vehicles are financed up to 12 years old.
How do I apply through loans.com.au?
Start a Loanseekers enquiry and we compare loans.com.au 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 loans.com.au suits your situation
One enquiry compares loans.com.au 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 13 Aug 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.
Lender source pages
Think something on this page is out of date or inaccurate? Tell us via our complaints and disputes page.
Other lender reviews to explore
OurMoneyMarket
Best suited for borrowers with a clean credit file who want a fast, fully online fixed-rate personal or car loan of $5,000 - $100,000, with good credit history rewarded by lower risk-based pricing
Personal
AFS
Best suited for car buyers wanting no-deposit finance on any age of vehicle, including classics, imports and private sales
Consumer
Affordable Car Loans
Best suited for borrowers outside major-bank criteria wanting a secured car loan with free extra repayments and no payout penalty
Consumer
