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Loans > Car Loans

Car Loans

Looking to buy a car? Borrow up to the full value of the vehicle with APS Car Loans

Interest rate

Features

Repayment calculator

How to apply

FAQs

Rate and term
New cars

7.90%

Used cars

8.90%

Term

1-5 years

 

Features

Get a loan for most vehicles

Borrow up to 100% of the vehicle purchase price

 

Fund the whole vehicle

Having a fixed rate for the length of the loan means you know exactly what your repayments will be.

 

No early repayment fees

Pay off the loan whenever it suits you. No additional fees or maximums apply.

 

Options for bad credit

We’ll do our best to get you a car loan even with a bad credit

Repayment calculator

1. Choose an amount for the car or vehicle
2. Add the interest rate (6.90% for new car loans)
3. Add loan duration, up to 60 months (5 years)





                   

 


                   

 


                   

 


                   

 

How to apply

Who can apply

• You must be over 18 years old
• You must be an Australian resident

What you need

• Driver’s licence or proof of identity (if new member)

Apply online in minutes

Get approved in 24 hours. You’ll be notified by email when your application is successful.

Managing your loan

Use the APS member login to access your loan or make repayments.

 

Rates for

New cars

7.90% p.a

Rates for

Used cars

8.90% p.a

Term

1–5 years

Features

Get a loan for most vehicles

This includes new and used cars, caravans, motorbikes and boats

Fund the whole vehicle

Borrow up to 100% of the vehicle purchase price

No early repayment fees

Pay off the loan whenever it suits you. No additional fees or maximums apply.

Options for bad credit

We’ll do our best to get you a car loan even with a bad credit

Repayment calculator

1. Choose an amount for the car or vehicle
2. Add the interest rate (7.90% for new car loans)
3. Add loan duration, up to 60 months (5 years)


                             


                             


                             


                             

How to apply

Who can apply

• You must be over 18 years old
• You must be an Australian resident

What you need

• Driver’s licence or proof of identity (if you’re a new members)

Apply online in minutes

Get a decision in 24 hours. You’ll be notified by email if your application is successful.

Managing your loan

Use APS Online to access your loan, make repayments and track your repayment history.

“Wonderful compared all the other lenders. They help you when life throws curve balls – tough times.”
Rebecca

“Always exceptional customer service. APS make the loan application process so easy and effortless.”
Heather

Resources to get you started

APS Savings compare

Choosing between a car loan and personal loan

term investment

Why choose a car loan?

We’re here to help you

Reach us from 9:00am until 5:00pm weekdays

Phone

1300 131 809

Email

info@apsbenefitsgroup.com.au

FAQs

Do I need to be a member of APS Benefits?

Yes, you need to be a member of APS Benefits Group. Being a member entitles you to more
than a funeral benefit. You also have access to our wide range of personal and financial
services such as Tax, Accounting, Wills and Estates, Financial Planning, APS Savings and
Mortgage Broking.

Are there any application fees or similar charges?

There are no monthly fees, no application fees and no penalty for early repayment. As a not-for-profit cooperative, we are focused on helping to pay your loan off as efficiently as possible without the added stress of fees!

How long will it take to obtain approval of a loan?

Approval may be obtained within one business day.

Can I pay off my loan early?

All our loans can be paid out whenever the member wishes without penalty

I do not have a good credit history and have defaults listed, will I be eligible?

Yes, applications will be assessed on a case by case basis.

What happens if I can no longer afford my loan repayments?

If you can no longer afford your loan repayments, we ask that you contact the APS loans team to arrange an amicable repayment plan. If you are experiencing challenges that affect your ability to repay your loan, we will work with you to make necessary adjustments.

Can I take out a second loan, even if I already have one?

You can have multiple APS Car Loans, Caveat Loans and Home Loans. However, you can only
have one Personal Loan or Special Purpose Loan.

I haven’t found a car yet. Can I get pre-approval?

Yes, pre-approval is available.

What interest rate will I be charged?

The interest rate is determined by the age of the car.

New car – 7.90%

Used car – 8.90%

Can I top up my loan mid-term?

No, car loans need to be repaid in full.

Can I have more than one Secured Car Loan?

Yes.

How can I repay this loan?

Loan repayments must be made by either allotment from your salary or direct debit from your bank account. Repayments from a bank account may be made weekly, fortnightly or monthly.

What is the maximum term?

The maximum term for a Secured Car Loan is five years.

If I am self-employed, am I eligible?

Yes, however we would generally require that you have been self-employed for at least one
financial year and will need to supply an ABN and taxation returns. We may also require BAS to support your application.

Notices & downloads

Comparison rate schedule
PDF • 301KB
Download

 

Important information

Terms, conditions, fees, charges and lending criteria apply and are available on application. The information above is general advice only and does not take into account your personal objectives, financial situation or needs and you should consider if it appropriate for you.

1. Comparison rate calculation is based on a secured loan of $10,000 for a term of 3 years with fortnightly repayments unless otherwise stated. WARNING: The Comparison Rate applies only to the examples given and may not include all fees and charges. Different amounts and terms will result in different comparison rates. Costs such as redraw fees (top up fees), dishonour fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.