Car Loans up to $50,000!

  • Loan Approvals in 60 Minutes
  • Apply online in minutes with a super fast pre-approval loan decision1
  • No Deposit - No Problem!
  • Car loans available with or without a deposit
  • Get Your Best Loan Rate
  • Quickly get the best loan rate for you3 from 5.85% p.a.
    comparison rate from 7.85%
Personal Loans
Car Loans

Personal Loans Interest Rates

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $11,965.68. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 12.05% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 8.69% (12.05% comparison rate) and a starting maximum of 21.24% (32.52% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months.

WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

Get Your Best Car Loan Rate3 from Noddle!

Noddle car loans will part or fully help fund the purchase of vehicles from cars to caravans from $5,000 up to $50,000. Noddle is the smart place to start when you are considering buying a new car or any other vehicle because getting your fast car loan pre-approval will help put you in the driving seat, when you start your research or negotiations with a dealer or private seller.

When you have your pre-approval, you will discover both how much you can afford to borrow and also the loan rate or APR. Noddle will do its best to get you your best loan rate3, which could be much better than you thought you could achieve elsewhere - such as through a bank, online lender or via a dealership.

Currently, Noddle's lowest car loan APR is 5.85% p. a. (Comparison Rate: 7.85% p. a.).

Get Started by applying online. Our smart tech will review your application and do all the hard work checking and verifying its suitability at various loan rates from the moment your application has been submitted. So you can get 'the nod' with the best loan rate for you3 as fast as possible.

If Noddle, as a lender, can't give you 'the nod' directly, but through analysis via our smart tech suggests your application meets our partners criteria, we'll happily refer you to one of our partners to complete your loan - without having to retype all your details.

When Noddle has given you 'the nod' and approved your loan application (often in under 60 minutes)1, you can start seriously researching for your next vehicle. You may want to research online, with local dealerships or even private sellers. Noddle is flexible and can finance both used or new vehicles from dealers or private sellers.

You could part fund the purchase or let Noddle fully fund the purchase of your next vehicle - it's up to you. However; a deposit on your vehicle could help get you 'the nod' or even a better loan rate, so it is something to consider based on your circumstances.

Noddle will accept or review applications for all kinds of vehicles, new or used.

Vehicle types:

  • Cars - new or used
  • Caravans, campervans, motorhomes and trailers
  • Motorcyles or dirt bikes
  • Vans and trucks
  • Minibuses
  • Boats and Jet skis
  • Other vehicles will be considered

The basic process to follow is to get the nod from Noddle, find your vehicle, sign your loan agreement and then pick up your vehicle and drive away.

Fast Application, Fast Pre-Approval and Drive Away Fast!

Fast Application

The Noddle online application is all set up to guide you through the car loan process as quickly and easily as possible. The whole application from start to finish should only take you between 6 and 12 minutes to complete, together with taking a digital copy of your bank statements.

What we will need:

  • Your loan purpose - vehicle type and loan amount
  • Your personal, residential and contact details
  • Your employment and benefit status
  • Your income and expenses
  • Items provided as security (optional)
  • Your 90 days bank statements - taken digitally in seconds
Get Started

Fast Car Loan Pre-Approval

When your Noddle application is complete and we have all the details we need to make a loan pre-approval decision, we will get back to you within 60 minutes1, during regular office hours with your pre-approval loan offer decision - also known as 'the nod'.

Once you have 'the nod' from us, it enables you to start your search for your car or some other kind of vehicle online, with dealerships or private sellers. As you will know how much you are able to spend, you can start short listing the vehicles.

Drive Away Fast!

When you have decided on a vehicle and it is within your car loan pre-approval price range, get back in touch with Noddle and we can guide you through the final steps to owning your next vehicle. We will have a few checks that need to be made on the vehicle, to ensure it is suitable for your loan and then we will finalise your loan. You'll be driving away in no time!

What is a car loan?

A car can be purchased with a car loan, which is differet to a personal loan in that the car loan can only be used to buy the car or another type of vehicle approved by the lender under the loan terms.

A car loan typically is for a fixed period of time, and with regular repayments, either weekly, fortnightly or monthly, that pay off both the cost of the vehicle and the interest applied to the loan.

A car loan or a secured vehicle loan means that the lender has a charge over the vehicle that is only released when the lender's loan has been repaid, effectively transferring ownership to the borrower at that time and releasing the security interest.

What are the benefits of a car loan?

A car loan has a number of benefits for the borrower over a general personal loan. Often the car or vehicle is used as security for the loan, which reduces the lender's risk for the loan. Meaning that the lender is often willing to provide a larger car loan than they ordinarily would be able to advance in the form of a personal loan, which carries no security or provide the loan at a lower interest rate.

  • Larger loan approval amounts
  • Lower loan interest rates
  • Loans more likely to be approved

What are the disadvantages of a car loan?

A car loan has a number of diasdvantages over a personal loan in that its offers the borrower no flexibility for the use of funds. All of the funds advanced under a car loan are used for the purchase of the vehicle, although that may include other costs associated with the vehicles purchase such as delivery and a service and repair warranty.

  • Loan purposes are limited to vehicles approved by the lenders
  • Cannot use the loan for any other purpose
  • The lender 'holds the vehicle' as security for the duration of the loan
  • Risk that the vehicle may be repossessed by the lender

Is it better to finance a car through a lender or a dealership?

It is common that banks and lenders offer cheaper forms of finance than car dealers, however a car dealer or a specialist car lender may offer what looks like a better package for a vehicle purchase as they can handle all the paperwork at the same time, such as vehicle valuation, borrowers loan application, and vehicle sale agreement. Borrowers need to weigh up the car dealers finance agreement against the benefits of negotiating a lower car sale price and paying for finance they arrange themselves.

How can I get the best rate car loan?

At Noddle we assess every application on its merits and offer an interest rate that reflects an applicant’s creditworthiness. Having a good credit score is an important factor and keeping a good credit score is important. Making payments of bills, and loan repayments on-time will help maintain and improve a credit score. Having a deposit or better, a large deposit is also an important factor. A lender's risk is reduced with a larger deposit, as there is less lent against the vehicle's asset value, and with the lender taking a security charge over the whole of the vehicle, there is more cover for the lender which will reduce the risk and in turn could lead to a lower interest rate being offered.

  • Good credit score or history
  • Have a good deposit towards the vehicle
  • Get a secured car loan
  • Apply for your car loan via Noddle

Should I apply for a car loan before going to a dealership?

It is often a good idea to apply for a car loan before going to a dealership, because then you have an idea as to how much you can be approved for and then budget for the car. Having your own finance arrangement provisionally in place also helps the buyer to confidently negotiate to achieve a lower purchase price.

Is a car finance loan cheaper than a bank loan?

The cost of a car loan is governed by the same factors as a personal loan, the rate offered by the lender is governed by a number of factors including the level of risk to the lender. If security is offered, and with a car it usually is, then the interest rate will be lower with a secured loan than an unsecured personal loan. If the borrower has a good credit score, then they may be offered a lower interest rate. If the borrower has a larger deposit to put down for the vehicle, then the interest rate may also be lower.

What are the advantages of a dealership over a private car sale?

People generally buy a car from either a dealer or via a private seller. A dealer purchased vehicle will generally come with a warranty that covers the vehicle for being in good working order and can include an option to also include cover for maintenance and service requirements.

A private sale generally does not have a warranty with the vehicle being 'sold as seen' However most sellers will allow the buyer to have a pre-purchase inspection carried out by a third party, at the buyers cost, which will give piece of mind to the prospective buyer that the vehicle is in good working order.

The basic advantage of a dealer over a private sale is peace of mind.

  • Guaranteed title - If there is any money owing on the vehicle, that would be covered by the dealership
  • Warranty - Vehicles under 10 years old are given a statutory warranty which differs by state
  • Wide selection of vehicles - Test drive a number of vehicles from the dealership
  • Trade in option - Many dealerships offer trade in options
  • Trade associate members - Members must follow a code of ethics
  • Reputation - Dealers have a reputation to protect and so are less likely to sell 'lemons'
  • Peace of mind - with guaranteed title, warranties and good reputations to protect

Interest Rates

Car Loans Interest Rates

Credit criteria and terms and conditions apply. Representative example: based on a loan of $30,000 over 60 months a borrower with an excellent credit history can expect to pay a total of $36,366.60. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 7.85% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our car loan product the APR starts from a minimum of 5.85% (7.85% comparison rate) and a starting maximum of 29.99% (34.10% comparison rate). The minimum loan term is 12 months and the maximum loan term is 48 months.

WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

Personal Loans Interest Rates

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $11,965.68. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 12.05% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 8.69% (12.05% comparison rate) and a starting maximum of 21.24% (32.52% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months.

WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

60 Minute Loan Decisions

1 60 Minute Loan Decisioning and Approvals are an average, to be used as a guide for a typical customer and are not guaranteed. 60 Minute Loan Decisioning and Approvals are not available when applicants apply outside of our normal business hours of 8am till 4pm Monday to Thursday, 8am till 12 noon on Fridays and Saturdays AEST or public holidays.

Loans Paid Out in 60 Seconds

2 It is possible to have your funds sent to your bank account in 60 seconds, if you have a New Payment Platform enalbled (NPP-enabled) bank account. A large number of Australian banks use NPP including ANZ, Bendingo Bank, Bankwest, Bank of Melbourne, Commonwealth Bank, Citigroup, HSBC, ING, NAB, St.George and more. Check whether your financial institution is NPP-enabled.

Best Loan Rate for You

3 Noddle does not have one fixed loan rate which it uses for all customers and loan applications, but will offer tailored loan rates depending on your individual circumstances and financial profile, as reviewed, during your credit assessment. Noddle will work to offer our best loan rate we can give the customer. If we can't assist a customer at our best rate, we will review the application against the next tier and rate until we find a match for the customer. This allows us to say 'yes' and give more customers 'the nod' with Noddle.

If Noddle is unable to assist with a loan directly, we may refer the application to a third party panel of lenders to 'get the nod'.