Car Loans in Australia from CashOnYourMobile – How Do They Work?


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Personal Loans are available to all states of Australia. Most of our customers are from Sydney, Melbourne, Brisbane, Perth, Gold Coast and Sunshine Coast areas.

Car loans in Australia

Car Loans in Australia from CashOnYourMobile – How Do They Work?

There are many different reasons for which you can take a personal loan. You could apply for a personal loan to pay your kid’s education, go on vacation, renovate your home or buy a new or a used car. A loan that you take to purchase a car is called an auto or car loan. Often, businesses take car loans to get financing for vehicles that are to be used in everyday operations.

Australia’s loan market is very competitive. There are thousands of different types of car loans that you can choose from. So do you know you are making the right decision? We will help you! This blog will provide all the necessary information you need to know about car loans in Australia before you choose one to purchase the car of your dreams.

What Is a Car Loan?

A car loan is a particular type of personal or business loan that you can take to buy a new or used motor vehicle for personal or business use. People usually take car loans when their savings are unable to cover the total cost of the car upfront. Like other types of loans, a car loan requires you to pay back the lump sum you borrowed along with interest over a certain period of time.

However, unlike other loans that have 2 parties involved, a car loan usually has 3 parties: you (the borrower), the lender and the car dealership. A lender will usually give you a cheque or any other financial instrument addressed directly to the car leadership. This is done to ensure that the money is not used for any other purpose other than the purchase of a motor vehicle.

Car loans in Australia usually lie between $5,000 and $100,000. They can be both short term and long term, depending on the amount borrowed. Car loans are typically provided for 1 to 7 years.  Interest on car loans ranges between 3% and 10% and can go as high as 15%, depending upon the nature of the loan. Most car loans are secured by the vehicle that you are purchasing and have a lower interest rate than other forms of personal loans. However, if you default, the vehicle will be seized by the lender. While unsecured car loans are rare, they have the highest interest rates.

CashOnYourMobile can provide instant, unsecured car loans of up to $50,000, enabling you to refinance an existing vehicle or purchase a new or used vehicle.

Benefits of Taking a Car Loan

  • Improves cash flow for businesses.
  • Allows businesses to claim a tax deduction.
  • Helps you establish credit.
  • Allows you to save cash for other important things like vacations.
  • Allows you to borrow 100% of the car’s price.
  • Fits repayments within your budget.
  • Breaks up the cost of purchasing a car over a long time period.

Types of Car Loans in Australia

1. Standard Loan

A standard car loan is a loan in which the lender or the financier, usually a bank, financial institution or a credit union, lends the borrower the money to buy a new or a used vehicle for business or personal use. It is the simplest form of a secured car loan.

2. Novated Lease

A novated lease is a form of car loan in which a vehicle is financed as part of your pre-tax salary. If you are a full or a part-time employee at an organization, you can make an agreement with your employer and lease provider to get a vehicle for personal use. Your employer will make the repayments from your pre-tax salary to the lease provider on your behalf. This will enable you to save thousands of dollars on income tax!

3. Chattel Mortgage

A chattel mortgage is an auto financing option for businesses in Australia that works like a standard car loan. To qualify for a chattel mortgage, you must agree that the vehicle will be used for the business at least 51% of the time.  A chattel mortgage allows a business to enjoy GST benefits. It is a contract with a fixed term and interest rate and allows a business to take advantage of the tax benefits of ownership.  

Applying for a Car Loan in Australia

The process of applying for car loans in Australia is fairly simple:

  • You must hold an Australian nationality or be a permanent resident of the country.
  • You must be at least 18 years old (although some car loans like novated lease are rarely given to those under 21).
  • You must also be employed full-time or part-time or have a source of consistent income which will allow you to pay back the loan.
  • You must have the following documents at the time of the loan application:
    • ID proof (passport, Medicare card, birth certificate, etc.)
    • Proof of income
    • Employer’s information/Two-year tax returns if self-employed
    • Bank statements
    • Three months’ payslips
    • Asset details
    • Credit card and other loan details
    • Vehicle details (price, colour, model, make, Vehicle Identification Number, etc.)

Get Fast and Secure Car Loans in Australia from CashOnYourMobile!

CashOnYourMobile, Australia’s most trusted lending institution, provides instant and secure car loans for up to $50,000! Whether you have your eyes set on a new vehicle or need to pay for refinancing your current one, we’ve got you covered! We provide different types of car loans for both personal and business use.

Our car loan application is easily accessible via our website and can provide you with the money you need in as little as 4 hours! We can help connect you to a wide range of lenders who provide car loans in Australia at competitive rates, even if you have bad credit. If you are eligible for a car loan, click here and fill out a short application form today to receive your financing through a secure process in the next 48 hours.


What is a Cash loan?

A cash loan is a short term loan which can be paid off over a short period of time upto 12 months

How much can I borrow?

You can apply for $400 to $2,000. The lender will tell you how much you qualify for when you application.

Fast Loan Approvals

Loan requirements are minimal. Your loan pre-approval is just a few clicks away.

Quick Cash in Minutes

If approved, electronic transfer can be in as little as 4 hours. Most bank transactions will be received within 1

How It Works

If you have a cash flow problem is your best solution. A simplified application and

Is my personal information secure?

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Eligible Borrower:


A payday loan or cash advance is a short term loan. It provides the consumer with the needed cash to use until their next payday, or over a 12 month period. The loan, plus any applicable fees, is paid back on the consumer's next payday (This can be extended if required)

  • 18 years of age or older.
  • Australian Permenant Resident.
  • Valid check or savings account with direct deposit.
  • Regular income of at least $1,000 per month.
  • Bad Credit or Centrelink Customers are welcome to apply. (Centrelink)
  • *All Loans are subject to an assessment of suitability and affordability.

If approved, electronic transfer can be in as little as 4 hours. Most bank transactions will be received within 1 business day, although certain banks can take up to 48 hours to show the credit

Before you get started owned and operated by Fish4Loans Pty Ltd | ABN 89 603 132 618 | Australian Credit Licence Number 474107

Register online from home on your PC or from anywhere using your mobile device

If your application is succesful you will be presented with a loan offer subject to terms and conditions shown on the offer.

We are a Licensed Finance Broker. We do not provide any kind of credit facilities. Your request will be referred to a third party that you can deal directly with.

You will be advised of the 3rd party lenders fees and charges before signing your contract. We may receive a small fee (amount unascertainable) from these third parties for the referral.

It is recommended that you take independent legal and financial advice before taking up any products that you are referred to.

Frequently asked questions

Normally within 24 hours of application approval. Bank holidays, weekends and certian banks can impact delivery time up to 48 hours

Our lenders costs are the same for all states. They charge an establishment fee which is 20% of the loan amount you borrow plus a 4% monthly fee.

Yes you can. Your credit score does not always play a factor in most of our lenders decisions.
All our lenders will perform credit checks but bad credit will not always preclude you from obtaining a loan

The loan amount and any fees will be electronically deducted from your bank account on the due dates. You do not have to do anything.

Please speak directly with your lender if you have any issues paying back the loan.

Fill out the easy online application and submit it. You are under no obligation at that point. You will be able to see the loan offer before agreeing to it.

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