Personal Car Loan Rates from 5.59%
Today’s Lowest Rates From 5.59% Fixed – 6.14% Comp Rate*
Rates current 17-11-2023. National Loans is a Licensed Finance Broker here to assit you when you apply for a personal car loan online. Get personal car finance today with National Loans.
Personal Car Loan
We make both purchasing and financing a car simple. Our finance experts will secure you a low rate from our panel of over 50 lenders, providing you the finance you need for your car purchases.
3 Simple Steps
1. Apply Now
2. Choose Your Car
3. Sign And Collect
Car Loans vs Personal Loans
Personal loans can be a great way to finance your new car, especially if you don’t have the cash on hand to pay for it outright. But there are a few things you should know about personal loans before you apply, including how they differ from car loans.
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The biggest difference is in the interest rate you’ll pay. Car loans usually have lower interest rates than personal loans, because the car is used as collateral. This means that if you default on the loan, the lender can repossess your car to recoup their losses.
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Personal loans don’t have this same level of security, so they tend to come with higher interest rates. That being said, personal loan interest rates are still relatively low, especially when compared to credit cards.
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So if you’re looking to finance your new car with a personal loan you can still get a competitive rate.
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Buying a car with a personal loan
If you’re looking to finance your new car, make sure you compare multiple lenders to get the best personal car loan rates possible. Use our loan calculator to get a quick estimate of your repayment schedule, based on the amount borrowed and agreed upon term.
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Once you’ve found the right personal loan for you, the process for applying is relatively simple. At National Loans, even if you have poor credit, we will work to create a specialised program that gets you the personal car loan you need.
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Once you’ve been approved for the loan, the lender will send you the money. You can then use that money to pay for your new car. Just make sure you make your payments on time to avoid any late fees or damage to your credit score.
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How does a personal car loan work?
It’s easy! Just apply online in minutes and get a decision in as little as one hour. Once you’re approved, we’ll transfer the funds to your account, and you can use the money to buy your new car.
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With a personal loan, you’ll have a set repayment period (usually between one and seven years) and a fixed interest rate, so you’ll know exactly how much you need to repay each month. This makes budgeting easy and gives you peace of mind that you won’t be hit with any unexpected costs.
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Best of all, with a personal loan, you won’t need to put your car up as collateral, so you can keep driving it while you repay.
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Features of a personal loan for cars
Fixed interest rate: This means your repayments will stay the same for the life of the loan, making it easier to budget.
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Fixed term: Personal loans usually have terms of one to seven years, so you’ll know exactly how long you have to pay off the loan.
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Flexible repayments: You can choose to make weekly, fortnightly or monthly repayments, and even put extra money towards your loan to pay it off sooner.
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No early repayment fees: You can make extra repayments or pay off your loan early without being charged any penalties.
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When to use a personal loan to buy a car?
A first-time buyer looking to finally get a reliable vehicle? Need to refinance your current car? Adding a classic car to your garage? There are lots of reasons why you might want to take out a personal loan for a car.
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One of the most common reasons can be to finance a business vehicle as you start up a new enterprise. The costs associated with any business, large or small, can be significant – and a business car is no different.
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You may want to buy a bigger car for client meetings, or one that’s more economical to help with the running costs of your business. In either case, a personal loan for a business car can give you the flexibility to choose the right vehicle without breaking the bank.
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Another reason people might want to take out a personal loan to buy a car is if they’re a sole trader. Many self-employed individuals don’t have the same level of financial security as those in full-time employment, so getting a car loan can be more difficult.
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A personal loan for a car can give you the freedom to buy the car you need without having to worry about being declined for financing.
Using our personal car loan calculator
A risk-free option for those considering personal car loans is our easy-to-use calculator. Just input a few simple figures, and it provides you with an estimated payment schedule.
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The beauty of personal car loans is that they can be used for any make or model of car. You’re not restricted to a particular dealer, so you can shop around for the best deal. And if you find a great deal on a used car, you can use a personal loan to finance it too.
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To find out how much your repayments might be, try our personal loan repayment calculator today!
Where to get personal car loans in Australia
While many options offer personal loans, none of them can boast the reputation of National Loans, which helps thousands of people every year as Australia’s most trusted provider.
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With a team of experienced loan consultants who are ready to help you get the best deal on your personal car loan, let us find the right solution and get you on the road.
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Benefits of using National Loans
Benefits of using National Loans
Lightning-fast approval: We know that when you’re looking for a personal loan, you want it fast. That’s why we offer some of the quickest approvals in the industry.
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Market-leading interest rates: We have strong relationships with many major banks and lenders, so we can get you a great rate on your personal loan.
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No hidden fees or charges: The price you see is the price you pay. We don’t charge any hidden fees or add on any extra charges.
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Flexible repayment options: We offer flexible repayment options to suit your lifestyle and budget.
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Friendly and helpful staff: Our team of loan consultants are ready to help you through the entire process, from start to finish.
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If you’re looking for personal car loans in Australia, look no further than National Loans. Apply now for a fast and easy approval process!
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Personal Car Loan Calculator
Why Choose National Loans?
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Apply in less than 5 minutes and get your loan pre-approved in as little as 1 hour
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25 years of industry experience sees us being able to access the lowest rates possible for each customer
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Helpful Articles
Avoid dealer arranged finance
Are you considering dealer arranged finance for your next car purchase? While it may seem like a convenient option, it’s important to understand the potential drawbacks. In many cases, dealerships will offer financing with high interest rates and hidden fees, resulting in you paying much more than you need to. By doing your research and exploring other financing options, such as those offered by National Loans, you can avoid falling into this trap and save money in the long run. Read on to learn more about why you should avoid dealer arranged finance.
Used car prices Australia
If you’re in the market for a used car in Australia, it’s important to understand the current trends and prices. At National Loans, we’ve analyzed the data and can provide valuable insights to help you make an informed decision. Our experts have found that while prices have increased in some areas, there are still great deals to be found. With our help, you can secure financing and drive away with a quality used car that fits your budget. Read on to learn more about used car prices in Australia and how National Loans can help you find your dream car.
The average car finance interest rate
Car & Ute FinanceInstant Quote Apply Now GET A FREE ONLINE QUOTE THE AVERAGE CAR FINANCE INTEREST RATE​ Interest rates have been in the news …
Yes, we have fantastic relationships with a large number of car dealers , giving us access to fleet pricing on new vehicles and a large selection of used cars
This is dependant on your circumstances. After receiving any supporting documents we may need, in most cases we can have an approval in 1 hour.
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