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Smarter Loans >>> Faster
Secured Car Loans
Need a new car today? Loansmart provides easy car loan solutions without making you jump through hoops!
- Secured Car Loans up to $150,000
- Interest rates from 9.95%*
- Bad credit and second-chance car loans
- Flexible loan terms from 6 months to 84 months.
- Quick online process, no paperwork required
- Low establishment fee
- Easy to understand rates and fees
*Subject to responsible lending checks and lending criteria.
Buy A New Car The Easy Way
Loansmart makes it so easy to buy a new vehicle, whether it’s a family car or a ute for work. No matter what your needs are, we can find a quick solution.
Here’s how our secured car loans work:
- You apply for pre-approval using our super fast online application form.
- We get your pre-approval the same day* and then you go shopping!
- Once you’ve found your ideal car, come back to us with the signed sale agreement between you and the seller, the seller’s bank details, and confirmation of your insurance.
- We pay out the loan and you drive away in your new ride!
*Subject to responsible lending criteria
Benefits of Secured Car Loans
In general, a secured car loan gives you access to lower interest rates when compared with unsecured loans. This is because with a secured loan, there is less risk to the lender, so they’re able to lower the cost to you.
Another benefit of a secured car loan is a higher spending limit. This means you can get a newer, more expensive car than if you had an unsecured loan.
Is a Secured Car Loan Right For You?
A secured car loan is ideal if you’re cost conscious and want the lowest possible interest rate. It’s also a good option if you want a more expensive car, as lending limits are higher with secured loans.
If the speed of approval is more important to you, then an unsecured car loan might be a better option. These can be approved and paid out within hours*. With an unsecured loan, we simply give you the cash and you buy whatever car you want with no restrictions. Being a cash buyer can be a huge benefit as you could negotiate a better deal with the seller.
Not sure which type of loan you need? Get in touch with our friendly loan advisors for a free chat about your situation and they’ll point you in the right direction.
*Subject to responsible lending criteria
Loansmart Is Hassle-Free Lending
- 100% online process
- No tiresome paper forms
- Loan documents signed electronically
- No need to send in bank statements
- Same day pre-approval*
When you apply for a loan with Loansmart, we jump through all those hoops so you don’t have to.
We make borrowing fun with our quick and easy process and hassle-free loans. This leaves you free to go about your day while we arrange your loan through our network of high quality lenders.
*Subject to responsible lending criteria
Car Loans For Bad Credit Score
Got a bad credit history but need a new car? Having a poor credit score isn’t a deal breaker for us.
Unlike some lenders, we believe in second chances, and our secured car loans are a great way for you to get your credit score back on the right track.
- Fair interest rates
- Affordable, fixed-term loans for up to 7 years
- Rebuild your credit score
- More options give you more chances of success
- Free and easy online application process
We take the time to understand your situation so we can find the right solution for your needs. Get the complete package from a team that genuinely cares, and goes out of their way to provide fair loan options for you.
Secured Car Loans FAQs
A secured loan uses the car as collateral, which offsets the risk to the lender. It means if you fail to repay the loan, the lender can take the car back. An unsecured loan is simpler: you’re given a cash loan and you pay it back, with no security attached at all.
With a secured car loan you could have access to lower interest rates, depending on your credit history and other debt. You could also be approved for a higher limit so you can get a more expensive car than with an unsecured loan.
You can buy pretty much whatever you like, but there are some restrictions. Most lenders require the vehicle to be relatively modern (newer than about 15 years), and to have done less than 250,000km, but this depends on the type of vehicle. The vehicle needs to be in good condition and have a current WOF and registration.
Yes. The car you’re buying needs to have full comprehensive insurance. You’ll also need insurance on any additional vehicles being used as security.
Yes, you need at least a learner’s license to get a secured car loan.
The amount you can spend on your car depends on several factors, such as your age, type of license (e.g. learner’s, restricted or full), existing debt, and income.
The process for secured car loans takes a little longer than with unsecured loans. We can usually get pre-approval the same day you apply*. Once you’ve found your car and supplied us with all the necessary information, such as the signed sale agreement, we may be able to pay out the loan the same day, but it depends how early in the day you get that to us. We process loans in the order the applications come in, so the earlier in the day you apply, the better chance you have of getting it sorted more quickly.
*Subject to responsible lending criteria.
Smarter Loans >>> Faster
WHEN BORROWING MONEY YOU CAN TRUST LOANSMART
Wedding planning can be a stressful time. So it’s important to choose a company with exceptional customer service. We’ve been in business for over 10 years and helped tens of thousands of Kiwi’s to date with Personal Loans – you could say we’re experts in arranging personal lending. Better still, our loan providers are low-cost lenders offering competitive interest rates starting at just 9.95%*.
The majority of our customers actually come back for another loan when they need another round of financing like upgrading a car, doing a house extension, planning a holiday and more. Our customers love what we do, and we love helping them.
Read our 700+ 5-star reviews!
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*Subject to responsible lending checks and lending criteria.
Make it easy
Make it enjoyable
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
We Say Yes More Often
More Options Tailored For You
Interest Rates From 9.95%*
*Subject to credit criteria and the credit profile of the applicant.
Longer Repayment Options
Faster Approval Process
*Subject to responsible lending checks and lending criteria.
Same Day Payment*
100% Easy, Online Process
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.
