Car Loans

Borrow up to the full value of the vehicle with APS Car Loans

I want to…

Apply for a car loan

Calculate interest repayments


Car Loans

New or used car







Car Loan rates: new and used cars

New car loans

7.90% p.a


Borrow up to the full value of the vehicle

No fees

Term from 1-5 years

Fixed interest rate

Flexible repayments
No fee if you pay off loan early

Used car loans

Less than 3 years old – 8.90% p.a

Older than 3 years – 9.90% p.a

Borrow up to the full value of the vehicle

No fees

Term from 1-5 years

Fixed interest rate

Flexible repayments
No fee if you pay off loan early

Car loan repayment calculator





Bad credit rating?

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

Borrow everything you need

Borrow up to 100% of the vehicle purchase price


No penalty for extra payments

Pay off your loan sooner with extra payments 

No unwanted surprises

A fixed interest rate means you always know your repayments

Next stop, new wheels

Apply online in minutes

You must be over 18 years old, be an Australian resident and, if you’re a new member, suitable identification.

Get approved in 24 hours

We will review your application and notify you by email when your application is successful. 

Manage your loan online

Use the APS member login to view the progress of your loan.

APS Benefits member review

“Great to deal with. I don’t have the best credit history and Tony was happy to help when banks won’t.”


APS Benefits member review
Customer testimonial

“Always exceptional customer service. They make the loan application process, or any changes you need to make, so easy and effortless.”


APS Benefits members
Customer testimonial

“Wonderful compared all the other lenders, APS are the best. They help you through the good and when life throws you the curve balls – tough times.”


APS Benefits members

We're here to help

Write to us


1300 131 809
9:00am to 5:00pm


Send us an email at

Drop in

440 William Street, West Melbourne VIC 3003, Australia 


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 & 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 – 7.9%

Used car (<3 years) – 8.9%

Used car (>3 years) – 9.9%

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?


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.


Comparison Rate Warning

Nominal & Comparison rates are identical. Top up fees are excluded from the comparison rate. The Everyday Loans interest rate is for an unsecured loan. The Special Purpose and Vehicle/Vessel Loans interest rates are for a secured loan. See a complete Comparison Rate Schedule. All interest rates subject to approval.

Car loan application form

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road trip car loan

Why choose a car loan?

No monthly fees, no application fees and no penalty for early repayment, plus you can receive up to 100% of the value of the vehicle

More loans

Personal Loan APS Benefits

Personal loans

Fast approval for up to $15,000 with top up facilities

Special Purpose Loan

Special Purpose

Up to $60,000 for larger expenses. Home equity required.

home loans APS

Home loans

Get a loan at a competitive rate even when the banks say no

Welcome to the new APS Benefits website

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