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.

Apply now

Car loan calculator

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

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

Member rate

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

General rate

Rate type Principal and interest
Cars up to 4 years old & borrowing $10,000 or more
Variable rate 7.24% p.a.
Comparison rate 7.43% p.a.
Cars 5-7 years old & borrowing $10,000 or more
Variable rate 8.24% p.a.
Comparison rate 8.43% p.a.
Application fee waived
Fee free additional repayments
Minimum loan amount $10,000
Maximum loan amount $100,000

Our special rates are available to customers of MyLife MyFinance who
are members of MyLife MySuper or Catholic Super superannuation funds.

Become a member today

Ready to take the next step?

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

Apply now

Need information? Call us on 03 9629 4484

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General information

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Car loan application fees

  • Car loan - application fee: Waived

Other lending fees

  • Personal property security registration: Waived
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Car loan application fees

  • Car loan - application fee: $125.00

Other lending fees

  • Personal property security registration: At cost
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Applications generally take 30-60 minutes. 

Once an application with all supporting documents has been received by MyLife MyFinance, a pre-approval decision will generally be provided within two business days.

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There is no qualifying period for loans to receive member benefits.

No penalty for additional loan repayments or early pay-out on variable rate loans.

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, may influence the final cost of the loan.

Interest Rates Schedule

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Fees & Charges Schedule

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Comparison Rate Schedule

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Interest rates as at 12 October 2020. All interest rates are variable unless noted otherwise. *All depositors are protected by the Government guarantee. For further details, please refer www.fcs.gov.au. In deciding whether this product meets your needs, we recommend that you read this page in conjunction with our General Terms, Product Disclosure Statement, Interest rates flyer, and Schedule of fees and charges. A copy of these documents are available on our website. You can also obtain a copy of these by contacting our office on 03 9629 4484. MyLifeMyFinance Limited Trading as MyLife MyFinance. ABN 54 087 651 750. AFSL/Australian Credit Licence Number 245606.