Car Loans

Unsecured loans for new & used cars

Want to get your car for the lowest price? Get a simple, unsecured loan from us to help you negotiate with your dealer or private seller. In fact, because we send your loan money straight to your account, you’ll have the power to negotiate a ‘cash price’. With the money you’ll save you might be able to afford some extras, or even upgrade to the car you've always had your eye on. Applying is quick, simple and online.

MoneyPlace. Borrowing has moved on.

Tailored rates from 7.65% p.a. for an excellent credit history / 7.65% p.a. comparison rate*
Car loans of up to $45,000 to buy your dream car
No hidden costs like monthly fees or early repayment fees
One upfront fee that we add to your loan, so you’re not out of pocket

CANSTAR Outstanding Value, Personal Loan, 2017

Mozo Experts Choice, Excellent Credit Personal Loan, 2017

Apply now

It takes just 10 minutes to apply online

We’re online only, so there are no hassles

Your rates are tailored individually for you

There are no penalties for early exits

How it works

Get an estimate and apply

Grab your laptop or mobile device, get your personalised rate estimate, and then finish our simple online application form.

Who can apply?

To apply for a MoneyPlace loan, you must:

Be 18 years of age or older;
Be an Australian citizen or permanent resident;
Have a regular source of income; and
Be an individual person and not a couple, company, trust or partnership etc.

Get your loan matched

Once your loan is approved and matched through our personal loans marketplace we deposit money into your selected bank account. You can then go and pick out your dream car.

Pay your dealer or private seller

We deposit the money from your loan straight into your account, so you have the flexibility to shop from the dealer or private seller you choose.

FAQ

Is there a restriction on the type of car I can buy?

No. New or used, flashy or family, you can use our loans to buy any type of car.

Should I put an offer for a car then apply for a loan?

We think it’s best if you apply for a loan first and wait until your money has been sent to you. This way you can negotiate a cash price with the dealer.

Why is getting an unsecured loan better?

With secured loans, the financier has the ability to sell your car if you default on your loan. Many people prefer not to put up their car as security, and choose an unsecured loan.

* This comparison rate is based on a $30,000 Personal Loan for a five year term. This rate is applicable for unsecured loans only.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.