Interested in a car loan from loans.com.au? Here’s what you need to know.
Who is loans.com.au?
Established as an online lender in 2011, loans.com.au is a direct-to-retail business of wholesale non-bank lender Firstmac which has been in business for more than 43 years.
Today Firstmac is one of Australia’ largest privately owned non-bank lenders and manages nearly $14 billion dollars in home loans and car loans.
Managing Director of loans.com.au Marie Mortimer says the lender operates on a direct-to-funder online model, which allows it to cut costs such as broker commissions and branch presence.
“Those cost savings are passed along to our customers in terms of cheaper interest rates,” Ms Mortimer told Savings.com.au.
loans.com.au car loans
loans.com.au offers new and used fixed rate car loans for vehicles up to 12 years, plus a 'green discount' for electric or hybrid vehicles.
Check out some of loans.com.au’s car loans in the table below:
Lender | |||||||||||||
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Fixed | Used | 5 years | More details | ||||||||||
Used Car Loan (up to 5 years) (Fixed)
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Used Car Loan (up to 5 years) (Fixed)
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Fixed | New | 1 year | More details | ||||||||||
GET APPROVED WITHIN 24 HOURS | New - Prime Special (Fixed)
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New - Prime Special (Fixed)
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Fixed | Used | 7 years | More details | ||||||||||
Used Car Loan (6-7 years) (Fixed)
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Used Car Loan (6-7 years) (Fixed)
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Fixed | Used | 12 years | More details | ||||||||||
Used Car Loan (Fixed) (8+ years, Dealer Only) |
Rates correct as of May 26, 2022. View disclaimer.
How does loans.com.au stack up to the competition? See how it compares with other lenders' car loans in the table below:
Lender | |||||||||||||
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Variable | New | 1 year | More details | ||||||||||
FEATUREDNO ONGOING FEES | New - Prime Special
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New - Prime Special
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Fixed | New, Used | 99 years | More details | ||||||||||
FEATUREDAPPLY ONLINE | Car Loan
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Car Loan
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Fixed | New | 2 years | More details | ||||||||||
NO ONGOING FEES | New Car Loan
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New Car Loan
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Fixed | New | 2 years | More details | ||||||||||
QUICK APPLICATION PROCESS WITH NO FEES | New Vehicle Fast Loan Low Rate
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New Vehicle Fast Loan Low Rate
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Variable | New | 1 year | More details | ||||||||||
FEATUREDAPPLY ONLINE | |||||||||||||
Electric and Hybrid Car Loan |

- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- You could win a $1,000 fuel gift voucher. Open to customers who settle a car loan with loans.com.au. Terms and conditions apply.
*Comparison rates based on a loan of $30,000 for a five-year loan term. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of May 26, 2022. View disclaimer.
loans.com.au car loan features
Aside from competitive interest rates, loans.com.au provides car loan pre-approvals to help car buyers shop with the certainty of knowing what they can afford to buy.
“We also offer a balloon repayment (optional) for our car loans. Our customers can get approval within 24 hours, with no monthly, ongoing or annual fees,” Ms Mortimer said.
“Customers also have the option to pay out their loan early.”
How to apply for a loans.com.au car loan
“Chat to a lending specialist on the phone or fill out a quick 2 minute form,” Ms Mortimer said.
“From there, you'll download our app onTrack on your desktop or device to upload documentation such as payslips and bank statements, and track the progress of your application.
“After your loan settles, you can manage your loan via our easy-to-use app Smart Money, which is a desktop and app based online banking portal.”
What sets loans.com.au apart from other car loan lenders?
Ms Mortimer said loans.com.au processes are quick and simple, as they should be.
“You can find out if you pre-qualify for a low rate loan in just minutes,” she said.
“The application process is easy, online, plus we’re here to help at each step of the way.
“By keeping our interest rates low and revolutionising the loan application process, we keep on winning awards for our products, innovations and customer service, year after year.
“By offering a competitive, low fixed car loan rate and a transparent offer, our customers know exactly what they're getting, every time.”
What does loans.com.au stand for as a brand?
Ms Mortimer said loans.com.au is more than just an online lender.
“We understand that nobody really wants a loan, rather, they want a home to live in, a new car to drive, their next investment property or to save thousands on an existing loan.
“We put people at the heart of everything we do, and that doesn’t stop at supporting customers with their loans.
“We also do our best to support our local community through our Women, Children & Community Program.
“We participate in a number of ways, whether it be financial support via official sponsorship, employer-supported volunteering with our staff giving their time, donating items or raising awareness for local charitable causes. loans.com.au works to support many causes which benefit the Women, Children and Community in Australia.”
Frequently Asked Questions:
What are the requirements for getting a car loan from loans.com.au ?
For a smooth and comfortable car loan application, you will need to provide:
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Personal information and identification
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Proof of income
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2 most recent payslips
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Bank statements for the last 3 months showing your incoming and outgoing expenses
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Proof of assets and liabilities
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Information on any other loans you have, such as mortgage and personal loan documents
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A summary of your share portfolio if you have one, or a portfolio of other investments such as bonds
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A summary of your superannuation
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Information about your car and insurance
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A dealer invoice or contract of sale (contains address, contact numbers and ABN)
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The vehicle chassis number
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The year, make and model of the car
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Information on the vehicle’s registration
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Information on the car’s fuel efficiency
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What other loans does loans.com.au provide?
loans.com.au provides not just car loans. It also offers owner occupier home loans, investment loans, SMSF, green and construction loans.
In the interest of full disclosure, loans.com.au and Savings.com.au are both associates of Firstmac.
Image by Rowan Heuvel via Unsplash