Different lenders have varying minimum and maximum loan amounts, ranging from $1,000 up to $250,000. Many factors determine how much you can borrow for a car loan, including your income, living situation and credit score.
While deposits are not mandatory to get a car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.
Traditionally getting a car loan has been a time consuming and stressful process involving research, credit score checks and multiple applications. CarClarity takes care of the car loan process, compares the market and finds you the best new car loan.
Yes! With CarClarity getting a car loan is now 100% online. Simply fill out one application and get matched to 30+ lenders. We do all the checks and negotiate the best price for you. Learn more about how it works.
*Getting your best loan matches does not affect your credit score. Once the application process begins we will conduct a credit check which may impact your credit score. **Loan approval rate based onapplications submitted to CarClarity lenders between October 1 and December 31 2021.
^Loan approval times subject to lender requirements and may vary lender to lender.
CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50 606 243 243 / ACN 606 243 243 and Australian Credit License 478 874.
CarClarity provides you access to our expert team who can assist in selecting suitable car loans from our panel of 40+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity may receive a commission from lenders we recommend.
.svg)
