Car loans made simpler than ever
Finance your next car with clarity, speed and the best deal for your budget.6.29%Variable Rate*
7.35%Comparison rate*
Current & hottest car loan options
Finance your next car with flexibility and a competitive rate through our vehicle finance solutions.
Low rate car loan
5.99%
pa.
Secure a competitive rate and drive away sooner with low repayment options and flexible lending terms.
Refinance your car
In 1 Day
Lower your current interest rate, reduce your monthly repayments and free up cashflow. Switch lenders smoothly with loan our strategic restructuring method.
EV & hybrid car loans
5.25%
Reward your green choice with lower rate electric vehicle finance and flexible terms. Save money while reducing emissions.
*Offers presented for variable rate secured car loans.
Rates vary for unsecured.
Rates vary for unsecured.
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We compare so you don’t have to.
How much will my car loan repayments be?
Use the industry standard repayment calculator to estimate your car loan repayments (set the rate as 5.99, because we can achieve that!)
No pressure. No credit hit. Big potential reward.
Still got questions?
Answer to your questions
How quickly can I get a car loan approved?
At Loanity, we know that when you find the right car, you want to move fast. We can often secure a “same-day” approval for many clients. Once approved, the funds are typically transferred to the dealer or private seller within 24 to 48 hours, allowing you to drive away in your new vehicle sooner than you would with a traditional bank.
Is it better to get a car loan through a broker or a dealership?
Dealership finance is often limited to a single lender and may include hidden fees or “balloon payments” that cost you more in the long run. By using a Loanity broker, you get access to a panel of over 30+ lenders. We compare multiple rates to find the lowest interest rate and most flexible terms for your specific budget, rather than being restricted to one dealer’s offer.
Can I get a car loan for a used vehicle or a private sale?
Yes, Loanity provides financing for both new and used vehicles, whether you are buying from a licensed dealership or a private seller. While some banks have strict age limits on vehicles, we have access to lenders who specialize in older models or classic cars, ensuring you get a competitive rate regardless of the car’s age.
What is a “balloon payment” and should I include one in my car loan?
A balloon payment (or residual) is a lump sum you agree to pay at the end of your loan term. This reduces your monthly repayments during the life of the loan, which can help with your weekly cash flow. Loanity can help you calculate if a balloon payment is right for you, or if a standard principal and interest loan is a better long-term financial move.
Can I get a car loan for my business through my ABN?
Absolutely. If you use your vehicle for business purposes more than 50% of the time, you may be eligible for a Chattel Mortgage. This type of business car loan often offers lower interest rates and significant tax benefits, such as GST input tax credits and depreciation. Loanity can help you structure the loan to maximize these business incentives.
Can I pay off my car loan early, and are there exit fees?
Many of the car loan products we offer at Loanity come with the flexibility to make extra repayments or pay the loan off entirely before the term ends. While some lenders may charge a small early termination fee, we prioritize finding you “no-fee” or “low-fee” options so you have the freedom to clear your debt faster without heavy penalties.