Securing the loan against the car usually unlocks a lower rate than an unsecured loan. Compare secured car loans from 5.94% to 16.89%This is our lowest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. (7.07% to 18.01% comparison rate*) p.a. with loans.com.au's Secured Variable Car Loan (Dealer), and remember the lender can repossess the vehicle if you default.
Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Borrowing $20,000 over 5 years at the lowest advertised shown:
Monthly repayment from
$386/mo
Total repaid
$23,166
Total interest
$3,166
Estimate only, based on the lowest advertised interest rate shown and assuming equal monthly repayments. That loan is priced on a range, so this uses the lowest rate in its range. Actual repayments depend on your rate, fees and loan terms.
Product
Actions
loans.com.au
Advertised rate5.94% to 16.89%
Comparison rate7.07% to 18.01%
Monthly repayment$386/moAt the lowest rate in the range
loans.com.au's Secured Variable Car Loan offers a competitive variable rate with flexible… repayments to suit your needs. Choose a term from 3 to 7 years, with finance available for new or used cars…
loans.com.au
Advertised rate5.94% to 16.89%
Comparison rate7.22% to 18.01%
Monthly repayment$386/moAt the lowest rate in the range
loans.com.au's Secured Variable Car Loan offers a competitive variable rate with flexible… repayments to suit your needs. Choose a term from 3 to 7 years, with finance available for new or used cars…
Queensland Country Bank
Advertised rate6.24% to 7.74%
Comparison rate6.88% to 8.38%
Monthly repayment$389/moAt the lowest rate in the range
Our Canstar award winning new car loan allows you to purchase any new, demonstration or used car up… to 5 years old. Our new car loan offers flexible loan terms and the ability to make additional…
Commonwealth Bank
Advertised rate6.79% to 11.29%
Comparison rate8.20% to 16.20%
Monthly repayment$394/moAt the lowest rate in the range
loans.com.au's Fixed Secured Car Loan offers a simple, competitive fixed rate with set repayments… to help you finance your next vehicle with confidence. Choose a fixed term from 3 to 7 years, with…
loans.com.au
Advertised rate7.49% to 16.29%
Comparison rate8.76% to 17.57%
Monthly repayment$401/moAt the lowest rate in the range
loans.com.au's Fixed Secured Car Loan offers a simple, competitive fixed rate with set repayments… to help you finance your next vehicle from a private seller with confidence. Choose a fixed term from…
loans.com.au
Advertised rate7.49% to 8.74%
Comparison rate8.62% to 9.87%
Monthly repayment$401/moAt the lowest rate in the range
loans.com.au's Secured Variable Caravan Loan offers a competitive variable rate with flexible… repayments to suit your needs. Choose a term from 3 to 7 years, with finance available for new or used…
Plenti
Advertised rate7.99% to 12.99%
Comparison rate9.78% to 14.75%
Monthly repayment$405/moAt the lowest rate in the range
A secured loan that allows individuals to borrow funds for the purchase or refinance of an eligible… vehicle, including new and used cars. The information set out below relates to an application made…
loans.com.au
Advertised rate8.34% to 9.44%
Comparison rate9.47% to 10.57%
Monthly repayment$409/moAt the lowest rate in the range
loans.com.au's Fixed Secured Caravan Loan offers a simple, competitive fixed rate with set… repayments to help you finance your next vehicle with confidence. Choose a fixed term from 3 to 7 years…
loans.com.au's Secured Variable Caravan Loan offers a competitive variable rate with flexible… repayments to suit your needs. Choose a term from 3 to 7 years, with finance available for new or used…
loans.com.au's Fixed Secured Caravan Loan offers a simple, competitive fixed rate with set… repayments to help you finance your next vehicle with confidence. Choose a fixed term from 3 to 7 years…
Rates and fees are sourced from each provider’s CDR Product Reference Data where the provider publishes it.
Comparison rate warning and base criteria
Base criteria: repayment figures shown in this table are calculated on a loan of $20,000 over 5 years. Repayment estimates use each loan’s advertised interest rate, with the comparison rate shown beside it as a guide to total cost. Where a lender publishes a range of rates, the estimate uses the lowest rate in the range, and the rate you are offered depends on your circumstances. These figures are examples only. They are not a quote, and they may not include all fees and charges.
*Warning: the comparison rate shown is calculated by the lender on its own standard example, usually a $30,000 loan over 5 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
About this table: we publish this table so you can research credit products, by bringing together in one place the banking data lenders publish under the Consumer Data Right. Using that data, we have tried to show products that match this table’s title. This table does not compare all products, and there may be products with a lower rate in the market that are not shown here. Do your own research to find a product that suits your needs and financial goals. See how we choose products for tables like this.
Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability.
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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.
This table does not compare every feature that may be relevant to you. Changing the filters will surface further relevant products. See how we sort and rank products and how we make money.
This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and credit contract terms before deciding. CompareThat compares products. We do not arrange, approve or process applications.
What is a secured car loan?
A secured car loan uses the vehicle you're buying as security. Because the lender has the car to fall back on if repayments stop, secured loans typically carry lower rates than unsecured borrowing, which is why most car finance is secured. The flip side is that the car is genuinely at risk if you fall behind.
What affects your rate
The car's age and condition matter: newer vehicles are easier to secure against, so they often attract lower rates, while older cars may face a higher rate or a maximum-age limit, checked at purchase or at the end of the term. Whether you buy from a dealer or privately can change the process too.
How they compare
The comparison rate comes first, then the establishment and ongoing fees, the term, any balloon payment, and whether extra repayments or an early payout carry a penalty. Car loans can be compared side by side to see how rate and fees shape the total cost.
CompareThat is a comparison service, not a lender or broker. We show the products and let you decide. We don't include every provider in the market, and each lender's own terms are the final word. Browse the full car loans range or compare loans side by side.
Expert view
“Securing the loan against the car is what keeps the rate low, and it is how most car finance is set up. The car is on the line, though. And a balloon flatters the monthly figure while costing more overall.”
JP
Jordan Pearce
Senior finance writer, CompareThat
Glossary
The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.
Term
What it means
Secured loan
A loan backed by an asset (often the car or item you are buying). The security usually means a lower rate, but the lender can repossess the asset if you fall behind.
Comparison rate
A single rate that folds the advertised interest rate together with most standard fees, so loans can be weighed on a like-for-like basis rather than headline rate alone.
Loan-to-value ratio (LVR)
The size of the loan compared with the value of the asset securing it, expressed as a percentage.
Balloon payment
A larger lump sum owed at the end of some car loans. It lowers monthly repayments but leaves a sizeable amount to pay or refinance at the end.
Establishment fee
A one-off fee charged to set up the loan, sometimes called an application or upfront fee.
Loan term
The length of time you have to repay the loan. A longer term lowers repayments but usually increases total interest paid.
PPSR check
A search of the Personal Property Securities Register that confirms a used car is not still under finance to someone else.
Early repayment / exit fee
A charge some lenders apply for paying a loan out ahead of schedule, more common on fixed-rate loans.
Common questions
Why are secured car loans cheaper?+
The car acts as security, so the lender can recover its money if you default. That lower risk is usually passed on as a lower interest rate.
What happens if I miss repayments?+
The lender can repossess and sell the car to recover what’s owed. That’s the key risk of a secured loan.
Can I secure a loan against an older car?+
Often yes, but some lenders set a maximum age at the end of the term or charge a higher rate for older vehicles. Lenders differ on vehicle age.
Can I use a secured car loan for a private sale?+
Many lenders allow it, usually with a PPSR check confirming the car isn’t already under finance. See our private sale car loans table for options.
What does a balloon payment cost?+
It lowers monthly repayments but leaves a lump sum at the end to pay or refinance, and you pay interest on the higher balance for longer. The trade is cash flow now against total cost.
The Numbers Behind This Market
What this market is paying or charging on average right now, and the official figures behind it.
We are not a lender, broker or bank. Product data comes straight from each provider’s own Consumer Data Right feed (Australia’s official open banking system) and is refreshed daily, so what you see reflects published rates and fees, not a sales pitch.
✓Not a credit provider: we do not lend, arrange loans or take applications.
✓Sourced from each provider’s CDR Product Reference Data, refreshed daily.
✓Payment can change where a product appears, never which products we show.
✓General information, not credit advice. CompareThat compares; it does not recommend.
Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.
