Loans > Car loans

Car Loans

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

Interest rate

Repayment calculator

How to apply


Rates for

New cars

6.90% p.a

Rates for

Used Cars

7.90% p.a

If the car is less than 3 years old

8.90% p.a

If the car is older than 3 years


1 – 5 years


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 you might want to borrow 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.

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

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

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

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 – 6.90%

Used car (<3 years) – 7.90%

Used car (>3 years) – 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?


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. All interest rates subject to approval.

   Comparison rate schedule
   PDF • 301KB

   Print application form
   PDF • 1MB

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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

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