Car Loans

Owning a vehicle gives you freedom and flexibility in daily life. A MyLife MyFinance car loan can get you on the road sooner with a fast approval process and the ability to pay off your loan quicker without attracting more fees.

When it's time for some new wheels

That new car is closer than ever before with a competitive and flexible MyLife MyFinance car loan. Our fast approval process puts you in the driving seat. Paying it off sooner is no problem; make additional payments without penalties or break fees.

Car loans from 6.74% p.a.

Car loan calculator

Before you buy that new car, see how much your repayments will be by trying our car loan calculator.

Benefits you’ll love

Competitive rates

Fast approval

Additional payments allowed

No break fees

6.74 % p.a
Variable and comparison rate

Our car loan rates

Rate type Principal and interest
Cars up to 4 years old & borrowing $10,000 or more
Variable rate 6.74% p.a.*
Comparison rate 6.74% p.a.*
Cars 5-7 years old & borrowing $10,000 or more
Variable rate 7.74% p.a.
Comparison rate 7.74% p.a.
Application fee waived
Fee free additional repayments
Minimum loan amount $10,000
Maximum loan amount $100,000

Ready to take the next step?

We're here to discuss your options and get you there

Need information? Call us on 1300 221 479

General information

We’ll waive your:

  • application fee, and
  • personal property security registration fee.

For a full list of fees and charges, please view our Schedule of Fees and Charges.

Online applications take less than 20 minutes to complete.

Provided we’ve been able to verify your identify online and you meet our lending criteria, we’ll be able to issue a conditional approval instantly.

To apply for a loan, you need to:

  • be 18 years or older
  • an Australian citizen or permanent resident, and
  • currently employed.

Comparison rate calculated on $30,000 loan over 5 years. Care should be taken in using this comparison rate. The comparison rate is accurate only for the example given as other factors including government fees and charges, redraw fees or fees for early repayment, may influence the final cost of the loan.

*All depositors are protected by the Government guarantee. For further details, please refer
Interest rates is at 15 November 2021. All interest rates are variable unless noted otherwise. In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our Target Market Determination, Product Disclosure Statement, General Terms, Fees and Charges Schedule and Interest Rate Schedule. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 1300 221 479. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.