Unsecured Car Loans
At Loansmart we focus on meeting your needs, without making you jump through hoops!
- Borrow up to $30,000 unsecured
- Spread your repayments over 6 months to 5 years
- No drawn out bank process or tiresome paperwork
As a cash buyer, you can negotiate with the seller knowing your finance is sorted. You can buy privately through Trademe or an auction.
What’s more, you decide what car you want to buy. You don’t need us to agree to your choice, so you’re well and truly in the driver’s seat!
Secured Car Loans
- Borrow more than $30,000
- Interest rates from 8.95%*
For loans exceeding $30,000, we’ll need to use your car as security. The process is a little more involved, but we move fast to get your loan approved ASAP.
As part of the Loansmart service, we check the vehicle ownership for you to make sure there is no money owed (or stolen). We also ensure that the car loan proceeds go to the right person and that once they receive the funds the vehicle is transferred to your name.
The car needs to be ‘acceptable’ to us first, and so you do need pre-approval before purchasing.
If you’re struggling to meet our lending criteria, then using your car as security may be the easiest way to get approval. One of our Loan Consultants will assess your application and explain your options.