Compare our secured and unsecured car loan products

 

 

Secured Car Loan

Unsecured Car Loan

Interest rate range

7.99% p.a. – 11.99% p.a.*

(9.13% p.a. – 13.10% p.a. comparison rate^)

9.99% – 27.99%**

(9.99% p.a. – 27.99% p.a. comparison rate)

Interest type

Fixed rate

Fixed or Variable rates available

Fees

Est Fee: Dealership $449 / Private Purchase $600

Monthly Account Keeping Fees: $8.90

$0 upfront or ongoing monthly admin fees

Repayments & Terms

Weekly, Fortnightly or Monthly

Early repayments accepted

Loan terms between 1-7 years

Amount

$5,000 - $150,000

$5,000 - $50,000

Checks & Verifications

Credit check & ID verifications undertaken

Credit check, ID & Bank Statement verifications undertaken

Application Process

One-on-one with a Lending Specialist. Email required for verifications. Enquire now

Easy online application

Acceptable Loan Purposes

List of acceptable loan purposes for secured and unsecured loans >

Other

Security assets can be no more than 15yrs old at the end of the loan term

Possible to lend to business

Business loan purpose not accepted

Loan can be used for multiple purposes

 

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See what our customers are saying about us

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Read the review on Product review >

Popular questions...

There are two main car loan types - secured and unsecured. So what’s the difference?

Secured Loan - A secured loan is most often used to buy valuable possessions [assets] like cars (or other assets) and the asset is then used as security against the loan. That means if you fail to make repayments on a secured loan, the asset (the security) may be taken [repossessed] and sold with the proceeds of the sale used to cover the outstanding balance on the loan. With a secured loan, because the loan is ‘asset backed’, the interest rate may be  lower. Enquire now to find out more

Unsecured Loan - These loans are often taken out to cover the cost of smaller spending items like a home renovation or car – or to consolidate multiple smaller debts into one to help get finances back on track. With an unsecured loan the borrower isn’t providing any security for the loan. This means that the interest rate may be higher as there is no asset to be repossessed and sold in the event of a default. Apply online now

Still not sure? Read more here

We give you the flexibility to choose between a fixed or variable rate on your unsecured car loan (Only a fixed rate is available on our secured car loan).

Fixed interest Rate - A fixed interest rate gives you the comfort of knowing that your interest rate is ‘fixed’ and the certainty that your repayments will not change for the life of the loan. You will have the flexibility to make some additional repayments or pay out your loan ahead of the loan term, however fees may apply if you pay out early.

Variable interest Rate – With a variable interest rate loan, your loan rate and repayments may rise or fall as interest rates change. However, unlike a fixed rate loan, variable rate loans give you the flexibility to make extra repayments or repay your loan in full ahead of the loan term, without paying any additional fees.

We offer a range of products and solutions across a wide range of asset types including:

Unsecured Loans:

  • New or used motor vehicles
  • Motorcycle or scooter
  • Trailer
  • Vehicle expenses
  • Boat
  • Caravan
  • Household appliances
  • Home furnishing
  • Solar
  • Debt consolidation
  • Refinance (1 debt only)
  • Investment
  • Wedding
  • Education
  • Holiday
  • Home improvement
  • Tax debt
  • Medical expenses
  • Funeral

Note: We accept multiple loan purposes with each unsecured personal loan application.

Secured Loans:

  • Motor vehicles
  • Motorcycles
  • Yellow Goods
  • Material Handling Equipment
  • Mining Equipment
  • Prime Movers
  • Commercial Equipment
  • Computers & Office Equipment
  • Renewable Energy

To find out more, talk to us today on 13 73 77

We are Australia’s number 1 non-bank lender, as voted by the Australian Lending Awards 2018, and we live our mission every day: to help people succeed.

We specialise in working on each individual application so we can fully understand your real life situation and help find a suitable solution.

We were set up in 2001 because so many people needed home loans that banks weren’t prepared to offer. Since then we’ve helped over 200,000 Australians who don’t tick all the traditional boxes for home loans – and we also provide personal loans as well as professional equipment and car loans. Learn more about us here.

Ready to talk to us?

It's simple, just call one of our Lending Specialist on 13 73 77. They're here to help.

13 73 77

Enquire now for a quote on your car loan

Make an enquiry today and a Lending Specialist will contact you within 24-48 hours (Mon-Fri) to chat about your car loan options. Alternatively, to speak to someone immediately call now on 13 73 77.

Minimum finance amount is $5,000.

 

All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply. Personal information is collected, used and disclosed in accordance with Pepper’s Privacy Policy

Help at hand

For more of your questions answered visit our Help Centre.

*Interest rates range from a minimum of 7.99% p.a. (9.13% p.a. comparison rate) to a maximum of 11.99% p.a. (13.10% p.a. comparison rate). Rates are correct as at 18 June 2018 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances. All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.

^ All Comparison Rates are calculated based on a secured loan of $30,000 over a 5 year term. 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.

** Interest rates range from a minimum of 9.99% to a maximum of 27.99% p.a. Rates are correct as at 5 April 2019 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances. Indicative interest rates provided are calculated based selected credit situation, loan purpose, amount and term, type of interest and payment frequency. All applications are subject to Pepper’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.

† All Comparison Rates are calculated based on an unsecured loan of $30,000 over a 5 year term. 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.