- Basil John
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Smarter Loans >>> Faster
Unsecured Car Loans
Need a new car in a hurry? Loansmart provides fast online loans with more options tailored to you.
- Unsecured Car Loans up to $75,000
- Interest rates from 11.95%*
- Flexible loan terms from 6 months to 84 months.
- No slow bank process or annoying paperwork
- Fast unsecured car loans approved in 1 – 2 hours* online.
- Low establishment fee
- Easy to understand rates and fees
- Same-day payout*
*Subject to responsible lending checks and lending criteria.
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Buy with the freedom of cash
Buying a car is so much better when you have the cash in your pocket. Shopping with cash gives you the freedom to choose whatever car you want, from wherever you want.
Unlike car finance companies or banks, which may impose restrictions on what car you can buy, Loansmart’s Unsecured Car Loans give you total freedom to make your own decisions.
Whether you want to buy a car from a dealer, at auction, on TradeMe or Facebook Marketplace, you’re in the driver’s seat.
With cash, you can negotiate a better deal with the seller. You can also make your purchase faster than if you had to wait for a bank or finance company to approve your loan.
Get faster approval
With an unsecured loan, you can get your cash more quickly.
Secured loans require an asset to be secured against your loan, to offset some of the risk to the lender. The downside of this is that it takes time for the asset to be valued, which pushes out the approval time.
With an unsecured loan, you can get approval within just 1-2 hours*, and payment the same day!*
*Subject to responsible lending checks and lending criteria.
How to apply for an Unsecured Car Loan
With Loansmart, we take the hassle out of borrowing.
Our process is simple – just fill out our 2-minute application form and we’ll be in touch to get some more details from you and discuss your needs.
There’s no appointments to attend or pesky paper forms to fill out. You don’t even have to send us your bank statements – we can do that through our secure online portal.
We’ll assess your application and get to work finding you a great deal. Within 1-2 hours*, we’ll present you with some options and you choose the best one.
Loan documents are sent to be signed electronically, and the funds can be deposited into your account the same day*.
At Loansmart, we focus on your needs and provide easy solutions, without making you jump through hoops.
*Subject to responsible lending checks and lending criteria.
Need a car but have bad credit?
Some lenders make it difficult for people with poor credit histories to get a loan, but unlike these lenders, we believe in second chances. If you have enough income to cover your loan repayments, we may still be able to assist you, even if you have a bad credit score.
We want to know about you and your financial situation, and we want to make sure we help you in every way we can.
Your credit score can be improved with a second chance and the right loan structure. If you have bad credit, don’t worry, just give our friendly team a call and they’ll talk through your situation with you.
In most cases, we are able to find positive solutions for our customers, even when they have a poor credit score.
Unsecured Car Loans FAQs
Our unsecured car loan rates start from 11.95%.
Our limit on unsecured loans is $75,000. If you need to borrow more, consider a secured loan, which has a limit of $150,000.
Our loan terms range from 6 months to 7 years. To help make your loan affordable, we can structure your loan over a longer period to lower your monthly repayments.
From wherever you want! This is one of the best things about an unsecured loan – you have the freedom to buy from a car dealer, TradeMe, Facebook Marketplace, or anywhere else you can find a new set of wheels.
With an unsecured car loan, you can shop with the power of cash and negotiate a great deal with the seller. You also have the freedom to choose whatever car you want! With an unsecured loan, there are no restrictions on how you spend the money (as long as it’s legal, of course). Unsecured loans are also faster to process, so you’re likely to get approval more quickly.
With an unsecured car loan, it’s up to you to arrange car insurance. It’s not mandatory, as there are no conditions attached to an unsecured loan, but we highly recommend having insurance. The exception to this is with a secured loan, where you could be required to insure the car as part of your loan.
Yes. We strongly recommend getting pre-approved prior to purchasing your next vehicle. All pre-approvals last for 30 days, giving you plenty of time to find that bargain.
Smarter Loans >>> Faster
TO PROVIDE YOU WITH THE BEST LENDING EXPERIENCE WE
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Move fast
*Subject to responsible lending checks and lending criteria.
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Make it easy
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Make it enjoyable
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Make it affordable
Get a fairer deal, faster from a professional team that cares
Don't Pay More Than You Need
Loansmart is highly reputable in the personal lending industry and has been providing services since 2008. Our experienced lending specialists work hard to get you the best deal.
Benefit from fairer terms, fees, interest rates and a team that cares.
Why Loansmart
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We Say Yes More Often
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More Options Tailored For You
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Interest Rates From 9.95%*
*Subject to credit criteria and the credit profile of the applicant.
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Longer Repayment Options
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Faster Approval Process
*Subject to responsible lending checks and lending criteria.
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Same Day Payment*
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100% Easy, Online Process
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Borrow up to $75,000 Unsecured or more with a Secured Loan
Get the complete package from a team that genuinely cares, and works hard to provide better loan options for you. Get Loansmart!
*Subject to responsible lending checks.