Interested in a car loan from loans.com.au? Here’s what you need to know.
Who is ready.com.au?
The director of loans.com.au, Marie Mortimer, told Savings.com.au that the lender was established as an online lender in 2011.
“loans.com.au was launched in 2011 as a direct retail business for Firstmac,” she said.
“Firstmac is a wholesale non-bank lender that has been in business for over 43 years.
“Today, Firstmac is one of Australia’s largest private non-bank lenders servicing almost $14 billion in home and car loans.
“So in 2011, loans.com.au was born as a retail offering to the public. Because we have a direct-to-lender model and everything is online, it means we can reduce costs such as mortgage broker commissions and the presence of a retail office (or branch).
“These cost savings are passed on to our customers in terms of cheaper interest rates.”
“For our auto loans, we offer fixed rate new and used auto loans for vehicles up to 12 years old, and we also offer a ‘green discount’ for electric or hybrid vehicles,” Ms. Mortimer said.
Check out some of the car loans from loans.com.au in the table below:
How does loans.com.au compare to the competition? See how it compares to auto loans from other lenders in the chart below:
|type of interest||Vehicle type||Maximum vehicle age||Ongoing charges||Registration fees||Full refund||Prepayment||Instant Approval||Online application|
|Fixed||New||1 year||More details|
Green car loan
|Fixed||New, used||99 years old||More details|
|Fixed||New||4 years||More details|
|FEATUREDGET APPROVAL WITHIN 24 HOURS|
Car loan (new and used by the dealer) (
|Fixed||New||2 years||More details|
|FAST FREE APPLICATION PROCESS|
Quick New Vehicle Loan Low Rates
|Fixed||New||1 year||More details|
|FEATUREDNo ongoing fees||
Plenty car loan
Plenty car loan
|Fixed||New, used||7 years||More details|
|No ongoing fees||
Plenti car loan (refinancing)
- Approval in 24 hours
- Balloon options to reduce refunds
- No ongoing charges, no waiver fees
*Comparative rates based on a loan of $30,000 for a term of five years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Rates correct as of February 3, 2022. See disclaimer.
Loans.com.au Car Loan Features
As well as competitive interest rates, loans.com.au provides car loan pre-approvals to help car buyers shop around with the certainty of knowing what they can afford.
“We also offer a lump-sum reimbursement (optional) for our car loans. Our clients can get approval within 24 hours with no monthly, ongoing or annual fees,” said Mortimer.
“Customers also have the option of repaying their loan early.”
How to apply for a car loan loans.com.au
“Talk to a loan specialist on the phone or fill out a quick 2-minute form,” Ms. Mortimer said.
“From there, you will download our onTrack app to your computer or device to upload documents such as payslips and bank statements, and track the progress of your application.
“After your loan is settled, you can manage your loan through our easy-to-use Smart Money app, which is a computer and app-based online banking portal.”
What sets loans.com.au apart from other car lenders?
Ms. Mortimer said the processes at loans.com.au are quick and simple, as they should be.
“You can find out if you pre-qualify for a low rate loan within minutes,” she said.
“The application process is simple, online, and we’re here to help you every step of the way.
“By keeping our interest rates low and revolutionizing the loan application process, we continue to win awards for our products, innovations and customer service year after year.
“By offering a low, competitive auto loan rate and a transparent offer, our customers know exactly what they’re getting, every time.”
What does loan.com.au represent as a brand?
Ms Mortimer said loans.com.au is more than just an online lender.
“We understand that no one really wants a loan, but rather a house to live in, a new car to drive, their next investment property, or to save thousands of dollars on an existing loan.
“We put people at the heart of everything we do, and that doesn’t stop at supporting customers with their loans.
“We also do our best to support our local community through our Women, Children and Community program.
“We are involved in many ways, whether it’s financial support through official sponsorship, employer-supported volunteering with our staff donating their time, item donations, or raising awareness. to local charitable causes. loan.com.au strives to support many causes that benefit women, children and the community in Australia. »
Frequently Asked Questions:
What are the requirements for getting a car loan from loans.com.au?
For a smooth and comfortable car loan application, you will need to provide:
Personal information and identification
proof of income
Proof of assets and liabilities
Information about any other loans you have, such as mortgage and personal loan documents
A summary of your stock portfolio if you have one, or a portfolio of other investments such as bonds
A summary of your retirement pension
Information about your car and your insurance
A dealer invoice or sales contract (contains address, contact numbers and ABN)
The vehicle chassis number
The year, make and model of the car
Vehicle registration information
Car fuel efficiency information
What other loans does loans.com.au offer?
loans.com.au does not only provide car loans. It also offers owner-occupant real estate loans, investment loans, SMSF, green and construction loans.
In the interest of full disclosure, loans.com.au and Savings.com.au are both associates of Firstmac.
Image by Rowan Heuvel via Unsplash
The whole market has not been taken into account in the selection of the above products. Instead, a reduced portion of the market was considered. Products from some vendors may not be available in all states. To be considered, the product and price must be clearly published on the product supplier’s website. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au and Performance Drive are part of the Savings Media group. In the interest of full disclosure, Savings Media Group is associated with Firstmac Group. To learn how Savings Media Group handles potential conflicts of interest, as well as how we are paid, please visit the website links at the bottom of this page.