Car loans

It's not just a sporty red car.
It's your sporty red car.

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Car loans

Whether you're replacing the old car that's done its dash or securing the set of wheels you've always dreamed of, we have a stress free motor loan for the road ahead.

We can personalise a loan to suit your needs at a very competitive rate.

We offer finance for a range of vehicles including new and used cars, motorbikes, personal watercraft, boats, caravans and campervans.

With a GE Money Car Loan you can expect:

  • Responsible financing to suit your lifestyle
  • Friendly loan experts who understand your needs
  • Easy application: online, in branch or by phone

Car loan detailsShow more

Minimum age of applicant 18 years of age
Interest type Fixed for the life of the loan
Status of the car New or used
Maximum age of car at end of loan term 15 - 20 years3
Loan amount Motorcycles from $3,000, Cars from $5,000
Loan term 1-7 years4
Repayment frequency Weekly, fortnightly or monthly
Additional repayments Yes at any time5
Repayment options Direct Debit, Australia Post, BPAY®6

At least 50% of the vehicles use must be for personal purposes. If over 50% of the vehicles use is for business purposes, find out more about business car loans by calling 1300 776 254.

Subject to lending and approval criteria.

  1. Approved applicants only. Lending terms and conditions apply.
  2. Maximum vehicle age is subject to GE Money’s normal credit approval and lending criteria. Vehicle age refers to car loans. For more information on maximum age for other vehicles, visit the FAQs page.
  3. Subject to loan amount and risk assessment.
  4. If you pay off your loan early, an early termination fee may apply.
  5. Payment at Australia Post or via BPAY® will incur a payment handling fee.

BPAY® and BPAY® logo are registered trademarks of BPAY® Pty Limited 69 079 137 518. Credit provided by GE Personal Finance Pty Ltd ABN 54 008 443 810, trading as GE Money. Australian Credit Licence number 392163.

Rates and FeesShow more

Rest assured. At GE Money, we're upfront and clear about our car loan interest rates, fees and charges.

Interest Rate From 10.85%*p.a. (comparison rate from 11.94%^p.a.)

Fees and charges

Description Fee
Loan Service Fee
Charged monthly on all loans
$10
Establishment Fee
A once only fee for establishing your account
$295
Early Termination Fee
An Early Termination Fee is payable, upon you paying out this contract early. The amount of the fee is -
a. $750 if the original loan amount exceeds $12,000
OR
b. 6.25% of the original loan amount if $12,000 or less
AND
c. A or B multiplied by the number of unexpired whole months in the term at the time this contract is paid out, divided by the number of whole months in the term
 
Payment Handling Fee Australia Post & BPAY®
Charged for each payment made at Australia Post or by BPAY®
$1.50
Late Payment Fee
This applies if you don't make the whole of the minimum payment by the due date. An easy way to avoid late payment fees is to set up a direct debit.
$40

Do you have any other questions?

Call us on 1300 973 422, Mon-Fri 9am to 5pm (AEST)

*Rates vary depending on credit scoring. Approved applicants only. Terms, conditions, fees and charges apply.
^Based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

How to applyShow more

Save time with our easy application process.

You can apply in branch, over the phone or online. It only takes 15 minutes and we’ll call you within one business day to let you know how your application went.

Apply Online

Find your local branch

Apply over the phone - call 1300 973 422

Once approved and signed, your funds are usually available the next day or no more than two working days, depending on your circumstances.

Am I eligible?

To apply for a GE Money Car Loan we first need to confirm some initial information. You must:

  • Be over the age of 18
  • Be a permanent Australian resident
  • Currently be working and earning an income
  • Have had a good credit history for the last 5 years
  • Not have been bankrupt in the last 7 years

What you'll need

To receive final approval on your loan application, you will need to supply us with the following original documents (depending on the details of your application we may also require some other documents):

Proof of identity
  • Option 1
    Current Australian Driver Licence/Learner Permit OR Proof of Age Card showing current address.
  • Option 2
    Australian Passport (current or expired within 2 years) OR Current Foreign Passport (must NOT be expired) OR Centrelink/Department of Human Services pension card OR non-photo current Australian Driver Licence PLUS one secondary ID document.
  • Secondary ID documents
    Utility bill1 OR rates notice (less than 3 months old) OR Centrelink/Department of Human Services Statement OR ATO Assessment Notice (less than 12 months old).
Proof of income
  • Two of your most recent payslips
  • If you are self-employed, your most recent tax return/financial statement.

Upload portal

Use our secure online upload portal to submit forms or documents

1 Excludes mobile phone bill.

ToolsShow more

As the car loan experts, we have calculators and handy hints to help you - like how to develop a budget for the year.

Budget planning tools

Feel in control of your finances by understanding your income and expenses. Using some simple tools it’s easy to understand where your money goes and how you can make the most of it.

Set up a budget now

Car Loan repayment calculator

Use this calculator to work out approximate repayments before you apply for a car loan, or to see how much interest and time you could save on your existing loan if you make additional repayments.

Calculate your repayments now.

Please note: The results from the calculator are to be used as a guide only, as interest rates, time periods and repayments will depend on your personal financial situation.