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Secured Variable Car Loan (Private Sale)

loans.com.au's Secured Variable Car Loan offers a competitive variable rate with flexible repayments to suit your needs. Choose a term from 3 to 7 years, with finance available for new or used cars up to 12 years old, purchased via a private seller. Enjoy the convenience of a redraw facility (up to $5,000 per day) for added flexibility with no early repayment fees.

Personal loansLender updated 7 Oct 2026

At a glance

Variable
5.94%7.22% comparison
Loan size
$10,000 to $150,000
Upfront fee
$500
Monthly fee
$8

How it compares

This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This personal loan: 5.94%Every other institution's lowest, 41 in all

Lowest advertised rate, fixed or variable. One dot per institution, at its lowest car loan rate from a bank or lender anyone can apply for; hover or tap a dot for its name.

RateThis personal loanBest anywhereTypical institutionWhere it sits
Car loan from a bank or lenderLowest advertised rate, fixed or variable5.94%5.74%Westpac's Car Loan6.99%of 42 institutions2nd lowest of 42

Rates

Every rate LCA publishes for this personal loan, 2 in all.

TypeApplies toTermBandRateComparisonConditions
VariableP&I--5.94%7.22%Minimum risk-based rate. Individual rates are subject to credit assessment and asset selection.
VariableP&I--16.89%18.01%Maximum risk-based rate. Individual rates are subject to credit assessment and asset selection.

Fees

2 fees published, grouped by when they're charged.

  1. When you take it out$500Application Fee
  2. While you hold it$8 a monthMonthly Fee
  3. When you close it or pay it offNo fee published

When you take it out1

  • Application Fee
    $500

While you hold it1

  • Monthly Fee

    A fee charged monthly on the anniversary of the loan settlement.

    $8 a month

Features

RedrawExtra repayments

Eligibility and limits

  • Minimum age 18
  • Residency: Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
  • Amount $10,000 to $150,000
  • The loan term must be at least 3 years.
  • The loan term cannot exceed 7 years. The maximum loan term for vehicles over 7 years old is 5 years.

Published by loans.com.au under the Consumer Data Right, last changed by them on 7 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.