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Typical amounts from $5,000 to $100,000+
Repay over 1 to 7 years — whatever fits your plan
Same-day decisions are possible when you’re ready to go
Finance from a dealership, auction or private seller
Lock in fixed repayments so you always know what’s due
From family SUVs to first cars and 4WDs for adventure
Tell us about yourself, your car and your budget.
See loan offers side by side — secured, unsecured, fixed or variable.
Proof of income, ID and bank statements are usually all you’ll need.
We handle the lender and seller so you can pick up your car sooner.

A car loan gives you the freedom to buy now and spread the cost into manageable repayments. Instead of draining your savings, you can choose a loan that fits your budget and timeframe.
Lenders will look at your income, credit history and the car’s age to decide how much you can borrow and the rate you’ll pay. For new cars, it’s often possible to borrow up to 100% of the price, meaning you can drive away without a big upfront deposit.
This guide is broken down into the following sections. Click a link if you want to skip ahead.
Choose the loan style that matches your needs and repayment preferences:
A car loan secured against the vehicle you're purchasing, offering competitive rates and terms for both new and used cars.
Car buyers seeking the lowest possible rates who are comfortable securing the loan against their vehicle. Perfect for new and used car purchases with competitive terms.
A personal loan that doesn't require collateral, based on your creditworthiness and ability to repay, offering flexibility for various purposes.
People who need flexible funding for any purpose without risking their assets. Ideal for debt consolidation, home improvements, holidays, and old or exotic vehicles.
A secured car loan with a fixed interest rate that remains constant throughout the loan term, providing predictable monthly payments.
Budget-conscious borrowers who want predictable monthly payments and protection against interest rate increases. Ideal for first-time car buyers or those on fixed incomes.
A secured car loan with an interest rate that can fluctuate with market conditions, potentially offering savings when rates decrease.
Financially savvy borrowers who can handle payment fluctuations and want to capitalise on falling interest rates. Great for those with stable income who expect rates to drop.
Your car loan can be tailored to the way you live, travel and move around Australia.
Drive away in a brand-new model with finance that covers up to 100% of the cost.
Pick up a quality used vehicle from a dealer, auction or private seller with loan terms to match.
Make room for the kids with a safe, spacious SUV or people-mover financed on terms that suit you.
Get a reliable runabout for work and errands, with predictable repayments you can budget around.
Finance a 4WD or camper and head off-road — repayment plans can match your lifestyle.
Say goodbye to unreliable cars and get into something newer, safer and more efficient.

Sophie & Daniel
Challenge: Sophie and Daniel needed a newer, safer car for family trips but didn’t want repayments to stretch their budget.
Solution: A secured, fixed-rate car loan over 5 years covering 90% of the purchase price.
After comparing offers through Emu Money, Sophie and Daniel chose a fixed-rate loan with predictable monthly repayments. With no large deposit required, they upgraded quickly and drove away in a safer family car—confident their budget would stay on track.
Most car loans range from $5,000 to $100,000+. If you’re buying new, you may be able to borrow up to the full price. For used cars, loans usually cover 80–90% of value. The exact amount depends on your income, credit profile and the age of the car. Terms run from 1 to 7 years, so you can set repayments that fit your budget.
Balance over time
Lenders want to see that you can manage the loan without putting your budget under pressure. They’ll look at your income, employment stability, and existing financial commitments to make sure the repayments are affordable. The car itself also plays a role — newer vehicles usually qualify for sharper rates and longer terms, while older cars may have stricter limits.
Having steady income, a clean credit history, and healthy bank statements will all improve your chances of approval. Even if your profile isn’t perfect, there are options available — from specialist lenders to flexible structures that can still get you on the road.
You may be eligible if you are:
An Australian resident
Over 18 years old
Earning a regular income
Able to provide bank statements or payslips
Buying an eligible vehicle (dealer, auction or private sale)
Applying is simple. Fill out a short form, upload your documents, and we’ll match you with lenders. Once you choose your loan, we take care of settlement so you can pick up the keys.
Documents you may need:
Driver’s licence or passport
Recent payslips or bank statements
Employment details
Vehicle details (VIN, rego, invoice or quote)
The right structure can save you thousands. Secured loans usually come with lower rates, while unsecured loans offer more freedom. Adding a balloon payment can cut your monthly costs, but you’ll need a plan for the final lump sum. Choosing a newer car often means sharper pricing. Always check for fees, and consider rolling extras like rego, insurance or accessories into the loan so you pay one competitive rate.
Example: Balloon impact — $30,000 over 60 months at 7.99% p.a.:
| Balloon | Approx. Monthly Repayment | Notes |
|---|---|---|
$0 | $615 | Highest monthly cost |
10% ($3,000) | $554 | Lower monthly cost |
20% ($6,000) | $492 | Balance of cost vs cash flow |
30% ($9,000) | $431 | Lowest monthly cost; plan for resale or refinance |
Different loan features can change how much you pay and how much flexibility you get:
A secured loan uses your car as collateral, usually giving you a lower rate. An unsecured loan doesn’t, which means faster access but higher costs.
A fixed rate keeps repayments the same every month. A variable rate can save money if rates drop, but repayments may rise.
Lower your monthly repayments by pushing a lump sum to the end — just make sure you can cover it later.
Want the freedom to pay off your loan early? Some lenders allow it without penalty, others don’t.
Look beyond the rate — establishment, monthly and exit fees all add to the true cost of your loan.
Verified Review
Matt and the team were excellent in helping me understand all my finance options and were able to save me a great deal in interest. Thanks team!
Ryan K.
Verified Review
⭐️⭐️⭐️⭐️⭐️ Evette is amazing. As a sole trader I struggled to get finance for a car, but she worked tirelessly to make it happen and got me a great loan. Even when delays came up with the sellers bank, she kept on top of everything until it was resolved. I am so grateful and would 100% recommend her to anyone!
Sarah S.
Verified Review
Thanks for all your help and dedication, it was super fast and easy to get my vehicle load approved and they found my vehicle in less then a day. smooth ans swift thanks Peter!
Barend B.
Verified Review
Awesome to deal with. Brad was fantastic, nothing was too much trouble, handled all the hard work and let me get on with my business. Would totally recommend.
Charles L.
Verified Review
It's nice, quick and easy to get a new equipments through Emu Money. Big thanks to Brad for his great assistance.
Marvin Y.
Verified Review
I found Erin through facebook and I would recommend her to everyone she's professional, Erin was very knowledgeable about different lander's and helped me secure a great rate for my car loan, Erin was always available to answer my questions and kept me updated throughout the entire process and she's honest and reliable I would give her more than 5 stars if I could I highly recommend Erin
Nasratullah
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