Compare Car Loans from 50+ Australian Lenders

Get on the road sooner with flexible car finance. Choose sharp rates, repayment terms that fit your budget, and a lender that works for you.

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Car Loan Australia
Emu Money Car Finance

Car Loans Made Simple

Buying new or used? Dealer or private sale? We’ll help you line up a car loan that matches your lifestyle and budget.

Borrow What You Need

Typical amounts from $5,000 to $100,000+

Set Your Term

Repay over 1 to 7 years — whatever fits your plan

Fast Approvals

Same-day decisions are possible when you’re ready to go

New or Used

Finance from a dealership, auction or private seller

Predictable Payments

Lock in fixed repayments so you always know what’s due

Your Choice of Car

From family SUVs to first cars and 4WDs for adventure

How it works

We make car finance easy — no endless forms, just quick comparisons and clear results.

1.

Apply online in 3 minutes

Tell us about yourself, your car and your budget.

2.

Get matched options

See loan offers side by side — secured, unsecured, fixed or variable.

3.

Upload your documents

Proof of income, ID and bank statements are usually all you’ll need.

4.

Settle & drive away

We handle the lender and seller so you can pick up your car sooner.

How Car Loans Work

Backed by over 50+ lenders

Giving you the best chance of being approved.

Affordable Car Loans
Alex Bank
Angle Finance
ANZ
Australian Motorcycle & Marine Finance
Australian Premier Finance
Automotive Financial Services
Azora
Bank of Melbourne
Bizcap
BOQ
Branded Financial Services
Capify
Capital Finance
CarStart Finance
CFI
Dynamoney
EarlyPay
Equity Tap
Finance One
Finstro
Firstmac
Flexi Commercial
Green Light Auto
Grenke
Latitude
Liberty
Lumi
Metro
Money3
MoneyMe
MoneyPlace
Morris Finance
Moula
Multipli
Now Finance
Pepper Money
Plenti
Prospa
Resimac
ScotPac
Selfco
Shift
SocietyOne
UME Loans
Vestone
Westpac
Wisr
Yellow Gate

Ready to get started?

Compare car loans from 50+ lenders and find the one that fits you best.

A quick guide to car loans

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.

Want to skip ahead?

This guide is broken down into the following sections. Click a link if you want to skip ahead.

Types of car loans

Choose the loan style that matches your needs and repayment preferences:

Secured Car Loan

A car loan secured against the vehicle you're purchasing, offering competitive rates and terms for both new and used cars.

Loan Amount$5,000 - $200,000
Term12 - 84 months
Interest RateFrom 6.09%
Comparison Rate^From 7.76%
Time to Fund24 - 48 hours
EligibilityMinimum income $25,000, Australian resident, Fair credit score
Pros
  • Lower interest rates due to vehicle security
  • Higher loan amounts available
  • Longer repayment terms possible
Cons
  • Vehicle serves as collateral - risk of repossession
  • Restrictions on selling the vehicle during loan term
  • Comprehensive insurance typically required
Best For

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.

Unsecured Personal Loan

A personal loan that doesn't require collateral, based on your creditworthiness and ability to repay, offering flexibility for various purposes.

Loan Amount$5,000 - $200,000
Term6 - 84 months
Interest RateFrom 6.3%
Comparison Rate^From 7.97%
Time to Fund24 - 48 hours
EligibilityMinimum income $20,000, Australian resident, Fair credit score
Pros
  • No collateral required - no risk to personal assets
  • Quick approval and funding process
  • Flexible use of funds for any purpose
Cons
  • Higher interest rates than secured loans
  • Stricter credit requirements
  • Lower maximum loan amounts available
Best For

People who need flexible funding for any purpose without risking their assets. Ideal for debt consolidation, home improvements, holidays, and old or exotic vehicles.

Fixed Rate Car Loan

A secured car loan with a fixed interest rate that remains constant throughout the loan term, providing predictable monthly payments.

Loan Amount$5,000 - $200,000
Term12 - 84 months
Interest RateFrom 6.59%
Comparison Rate^From 8.26%
Time to Fund24 - 48 hours
EligibilityMinimum income $25,000, Australian resident, Fair credit score
Pros
  • Predictable monthly payments with fixed interest rates
  • Protection against interest rate increases
  • Easier budgeting and financial planning
Cons
  • Cannot benefit from interest rate decreases
  • Typically higher initial rates than variable loans
  • Less flexibility in payment structure
Best For

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.

Variable Rate Car Loan

A secured car loan with an interest rate that can fluctuate with market conditions, potentially offering savings when rates decrease.

Loan Amount$5,000 - $200,000
Term24 - 84 months
Interest RateFrom 6.09%
Comparison Rate^From 7.76%
Time to Fund24 - 48 hours
EligibilityMinimum income $30,000, Australian resident, Fair credit score
Pros
  • Can benefit from interest rate decreases
  • Often lower initial rates than fixed loans
  • More flexible loan features available
Cons
  • Monthly payments can increase with rising rates
  • Uncertainty in budgeting due to rate fluctuations
  • Risk of significant payment increases
Best For

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.

What can you use a car loan for?

Your car loan can be tailored to the way you live, travel and move around Australia.

Buy a New Car

Drive away in a brand-new model with finance that covers up to 100% of the cost.

Upgrade to Used

Pick up a quality used vehicle from a dealer, auction or private seller with loan terms to match.

Family Upgrade

Make room for the kids with a safe, spacious SUV or people-mover financed on terms that suit you.

Daily Commuter

Get a reliable runabout for work and errands, with predictable repayments you can budget around.

Adventure Vehicle

Finance a 4WD or camper and head off-road — repayment plans can match your lifestyle.

Replacement Ride

Say goodbye to unreliable cars and get into something newer, safer and more efficient.

Case Study

Car Loan Case Study

Sophie & Daniel

Upgrading to a safer family car without blowing the budget


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.

How much can you borrow?

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.

Car Loan Repayment Calculator

Work out what your repayments might look like before you commit. Adjust the loan amount, rate, term and balloon to plan with confidence.

Loan Amount
$
Establishment Fee
$
Loan Term (months)
Interest Rate
%
Total amount to repay
$0.00
Your repayments
$NaN

Balance over time

Are you eligible for a car loan?

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)

How to apply for a car loan

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)

How to save money on your car loan

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.:

BalloonApprox. Monthly RepaymentNotes

$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

Car loan options explained

Different loan features can change how much you pay and how much flexibility you get:

Secured vs Unsecured Loans

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.

Fixed vs Variable Rates

A fixed rate keeps repayments the same every month. A variable rate can save money if rates drop, but repayments may rise.

Balloon Payments

Lower your monthly repayments by pushing a lump sum to the end — just make sure you can cover it later.

Early Repayment Flexibility

Want the freedom to pay off your loan early? Some lenders allow it without penalty, others don’t.

Fees & Charges

Look beyond the rate — establishment, monthly and exit fees all add to the true cost of your loan.

Testimonials

VerifiedVerified Review

Highly recommend, process was simple and quick! very nice fella Jackson 🤝🏼

Shayshay K.

Review posted on 2025-06-25

VerifiedVerified Review

It was an absolute pleasure dealing with Ryan from Emu Money in sorting out my car loan. I was talking with another broker and I was almost ready to settle the loan through him without realising I was getting charged a large amount as the lender fee, almost 3K. Once I started talking with Ryan I realised the naked truth of how I was about to get ripped off by the other lender. Ryan helped me to get the loan with a lesser fee, lesser repayment amount and the same lender with which I was gone with the first broker. I can't thank enough Ryan for his exceptional service which helped to get a better deal. I would highly recommend him for any loan needs.

Praveen P.

Review posted on 2023-10-25

VerifiedVerified Review

Just the best organiser and extremely helpful 👌. Strongly recommend!!!

Cleo C.

Review posted on 2024-02-01

VerifiedVerified Review

I want to take this moment to highlight the outstanding service I received from Jackson in organising for the purchasing of my car. Jackson have the know-how in dealing with any customers and made my car buying experience smooth and enjoyable. He was incredibly knowledgeable about the product and I confidently made my decision because he gives me all the information I needed. He was transparent throughout and made me comfortable and informed throughout the process. I would not hesitate to recommend Jackson and the company for a fast and easy loan approval that you don't get anywhere else. Thank you Jackson and I will recommend you to all my friends and families.

Usaia R.

Review posted on 2025-06-25

VerifiedVerified Review

Great to work with good communication and made things nice and easy

Benjamin B.

Review posted on 2023-09-27

VerifiedVerified Review

In today's world, finding someone truly committed to their work and dedicated to their clients' best interests is rare. Brad has been one of the best brokers I’ve ever worked with. His communication is exceptional, his understanding of my needs was spot-on, and he went above and beyond to ensure I had exactly what I needed for my business to thrive. Thank you, Brad—I’ll definitely be reaching out again in the near future!

Wesley C.

Review posted on 2024-02-28

Frequently Asked Questions

Car Loan FAQs

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

Can I borrow the full cost of my car?
How long can I take to repay?
Do I need a deposit?
Can I buy from a private seller?
Can I roll extras into my loan?
Are repayments tax-deductible?
Can I repay early?
The information, tools, and material presented on emumoney.com.au are provided for informational and comparative purposes only and do not constitute financial advice or a recommendation. While we strive to ensure the accuracy and timeliness of the information provided, we make no guarantees or warranties, either expressed or implied, regarding the completeness, accuracy, reliability, or suitability of the information, products, services, or related graphics contained on this website. The loan rates, terms, and repayments presented are based on user inputs and the data provided by lenders in our network. These are estimates and indicative figures only. Actual loan rates, terms, and repayments may vary based on the specific lender, your creditworthiness, market conditions, and other factors not accounted for in our tools.
^The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not consider suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.
The minimum loan term available is 12 months, and the maximum loan term is 84 months. Maximum Annual Percentage Rate (APR): The maximum APR, which includes the interest rate plus fees and other costs calculated annually, is 28.45% per annum. Representative Example: For a loan amount of $30,000 over a term of 5 years (60 months) at an annual interest rate of 6.09% p.a., the total repayment amount including all fees and charges would be $36,291.11, with a monthly repayment of $604.85.