Loan Direct
Car Loans
- Loan interest rates from 9.95%
- Loan terms from 6 months to 7 years
- Pre-approval in just 1-2 hours*
- 100% online process
- Easy online application process
- Shop as a cash buyer
As a loan broker, we give you access to our network of fantastic low-cost lenders, giving you more chances of getting a great deal. That’s our big advantage over traditional lenders, like finance companies or banks. We do the running around so you don’t have to, and with our lending partners, we will find the right deal for you.
*Subject to responsible lending checks and criteria
Unsecured Car Loans
Enjoy the freedom of being a cash buyer
Buying a car is much better when you have cash in your back pocket. It gives you the freedom to buy any car you want, from anywhere. And because you have the money, you can potentially negotiate a better deal with the seller.
With a pre-approved car loan from Loan Direct, you can essentially shop as a cash buyer. After getting pre-approval from one of our low-cost lenders, you can go looking for your dream car with confidence. When you find a car you like, you won’t have to wait to get approval from your lenders and go through a lengthy loan process. It’s already sorted!
Whether you find your ideal ride on TradeMe, Facebook Marketplace, at a dealer or auction, you have the peace of mind of knowing that when you find that perfect car, you can have it!
Loan Direct’s pre-approved car loans are unsecured loans – with interest rates starting at 11.95%, you can borrow up to $75,000.
Secured Car Loans
Want to borrow more? Want a lower interest rate?
If the $75,000 limit isn’t enough, Loan Direct also offers secured vehicle loans with limits of up to $150,000.
Secured loans require an asset to be used as collateral against the loan, in this case, it will be the car itself. This offsets some of the risk to the lender, but it also potentially gives you a lower loan interest rate, which starts at 9.95% for secured loans.
Here’s how it works:
- Using our easy online application form, you can apply for pre-approval.
- After you get pre-approval, you can begin shopping the same day!*
- If you’ve found the perfect car, just provide us with the signed sale agreement between you and the seller, along with the seller’s bank details and proof of insurance.
- After we pay out the loan, you can drive away in your car!
*Subject to responsible lending criteria
Which type of car loan is right for you?
An unsecured car loan is great if you just want the cash to go and choose the car you want. It’s the fastest way to get a vehicle loan – we can usually arrange pre-approval in just 1-2 hours*. So, if you want a car right away, an unsecured loan may be the best option.
Secured loans take a bit longer to process, but they’re a great option if you want the lowest loan interest rate possible. You can also get access to higher spending limits with a secured loan.
Not sure which one you need? We have friendly loan advisors who can help you find the right loan for you.
*Subject to responsible lending checks and criteria.
How to apply for a car loan with Loan Direct
When you apply for a loan with Loan Direct, you get access to our simple, easy loan application process.
After you complete our easy 2-minute online application, we’ll be in touch to get some more details before we put your application in front of multiple lenders.
More lenders mean more chances of being approved! We only work with high-quality, low-cost lenders so you can be sure you’re getting the best deal.
After 1-2 hours* we’ll come back to you with some options, and you pick the deal that works best for you.
All the loan documents are signed electronically, so there’s no pesky paperwork to do!
Best of all, we can usually have the funds in your account the same day!*
*Subject to responsible lending checks and criteria.
Car loans for bad credit
Have a bad credit history but need a new car? We believe in second chances, which is why we help people with poor credit scores to own a new car.
Some lenders are reluctant to help people with a bad credit rating, but at Loan Direct we take a different approach. If you have enough regular income to cover your loan repayments, there’s a good chance we can find a positive outcome for you.
- Quick approval process & loan payout
- Competitive interest rates from low-cost lenders
- More loan options = more chances of success
- Term options up to 7 years at an affordable rate
- Simple online loan process
Bad credit car loans are no problem for the team at Loan Direct. Get in touch with our friendly team to discuss your situation – they take the time to listen so they can help find the best solution for you.
