Aussie Car Loan Review

Things to consider

The Aussie Car Loan is a flexible financing option for your next new or used car. You can even bundle your loan with other debts to consolidate and pay them off in one neat package. It is an unsecured loan so your assets are not used for security if you default on the loan, while the fixed rate means your repayments are set for the whole loan term.
Once you have bought your car it's possible to get your comprehensive car insurance through Aussie as well.

Features of the Aussie Car Loan

As mentioned, the Aussie Car Loan is comparatively flexible compared to other car loans. Here's what you can expect from this loan.

• Loan amount. The minimum amount of loan offered by Aussie Car Loans is $3,000 and the maximum amount that you can borrow depends on your income and ability to manage your repayments.
• Loan term. The term of loan can range from 1 year to 5 years, giving you the ability to decide on a term that suits you.
• Flexible repayments. Repayments can be made weekly, fortnightly or monthly by direct debit. This gives you the ability to tailor repayments to what suits your budget.
• Interest rate. This loan features a competitive fixed rate, currently 6.07% p.a. for the life of the loan.
• Optional extras. The Aussie Car Loan gives you some options which you can use to make your loan suit you better. If you happen to run into extra money, for example, you can put this towards your loan as a lump sum payment. You may also be able to increase your loan amount, although this is subject to Aussie's lending criteria.

Fees and charges

• Establishment fee. An establishment fee of $199 is charged for this loan. This amount needs to be paid only once at the time when the loan amount is received.
• Monthly administration fee. An administration fee of $10 applies and needs to be paid every month.
• Early termination fee. If you decide to pay your loan earlier than the fixed term or you want to prepay your loan, you'll need to pay an early termination fee. The amount depends on how much you still owe and the time left your term.

How you can apply

If you meet the above criteria and are interested in applying for the Aussie Car Loan, you can do so by clicking "Go to Site". Before you do so, you need to meet the following eligibility criteria.

You must:

• Be over 18 years of age
• Be an Australian permanent resident
• Have consistent paid employment, be working at present and have an annual gross income of above $24,000
• Not have any defaults on loans or credit cards within the last five years
• Not have filed for bankruptcy within the last seven years
• Be out of your probationary period at your work

You'll need to have the following documents on hand:

• Your current address details as well as your previous address details if you have moved within the last three years
• Details of your income, savings, expenditure and assets.
• Your employment details including your employer's address and contact information

Make sure you go through the terms and conditions of the Aussie Car Loan and also understand all the features of this loan before you submit your application.

Remember to always compare car loan options thoroughly before submitting an application in order to find the best possible financial solution for your circumstances.

Compare car loan providers

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFCL_COMPARISON_V2_TABLE","nicheCode":"AUFCL","fields":[{"name":"LOAN_AMOUNT","value":"20000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}

1 - 11 of 108

Updated regularly

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
OurMoneyMarket New Car Loan Fixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to siteMore Info Compare
loans.com.au - New - Variable Rate Special Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24% to 7.74%	Comp. Rate (p.a.) 7.36% to 8.85%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to siteMore Info Compare
Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.52% to 18%	Comp. Rate (p.a.) 6.95% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $625.27	Go to siteMore Info Compare	You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with. Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Credit Concierge New Car Loan Fixed1 - 7 Years $10,000 - $100,000	Interest Rate (p.a.) 6.29% to 16.45%	Comp. Rate (p.a.) 7.41% to 17.91%	Application Fee $553	Monthly Fee $10	Monthly Repayment $637.97	Go to siteMore Info Compare
RACV New Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to siteMore Info Compare	You'll receive a fixed rate from 7.29% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Simplify New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.19% to 18%	Comp. Rate (p.a.) 6.6% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.21	Go to siteMore Info Compare
Credit Concierge Used Car Loan Fixed1 - 7 Years $10,000 - $1,000,000	Interest Rate (p.a.) 6.8% to 17.45%	Comp. Rate (p.a.) 7.56% to 18.91%	Application Fee $553	Monthly Fee $10	Monthly Repayment $642.74	Go to siteMore Info Compare
OurMoneyMarket Used Car Loan - No Vehicle Age Limit Fixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to siteMore Info Compare
Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.52% to 18%	Comp. Rate (p.a.) 6.95% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $625.27	Go to siteMore Info Compare	You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a. A used car loan of up to $300,000 with quick approval times and balloon payment options.
Simplify Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.19% to 18%	Comp. Rate (p.a.) 6.6% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.21	Go to siteMore Info Compare
RACV Used Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to siteMore Info Compare	You'll receive a fixed rate from 8.49% p.a. Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.

loading

Load More

Showing 11 of 11 results