Key benefits of this loan

No monthly account fees
Low rate for cars, caravans or motorcycles up to seven years old
Flexible repayment frequency - pay weekly, fortnightly or monthly
No fees for additional repayments or early payout
Redraw facility against your extra loan repayments
Green Car Loan option

Product overview

To help give you the best deal on a car loan, we've got flexible and fair finance options for both new and used cars. We're here to help As a member-owned financial institution, our first priority is to help you. With competitive interest rates starting on loans from $20,000, no monthly fees and a fixed rate for the first five years, our Discounted Personal Loan (Car Loan) could let you drive away with a better deal. 

  • Competitive interest rates

    Chat to us to see what rate you qualify for

  • Available for new and used cars, caravans or motorcycles

    Up to 7 years old and loans over $20,000

  • No monthly account fees

    This means your repayments are 100% paying off your loan without worrying about monthly account fees

  • Flexible repayment frequency

    Pay weekly, fortnightly or monthly

  • Loan term up to 10 years

    Fixed rate for the first five years

  • No fees for additional repayments or early payout

    Enjoy flexibility with your loan

  • Redraw facility

    Against your extra loan repayments

  • Green Car Loan option

    A discounted interest rate for a green vehicle - electric cars, hybrid cars or hydrogen cars

  • Pre-approval valid for 90 days

    Apply online, by calling 13 11 82 or by visiting your nearest branch

Rates

Check out our Discounted Personal Loan (Car Loan) rate.
View personal loan rates
Discounted Personal Loan (Car Loan)
Loan size $20,000-$120,000
Apply online
Green Car Loan
Loan size $20,000-$120,000
Apply online

Do some quick maths

Calculate how much your loan repayments will be, how long it will take to pay back the loan and options for making extra repayments.
Personal loan calculator

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    What you need to know

    When you apply for a loan, please have the following information handy.

    • Income details

      Pay slips, child support, pensions, overtime, allowances, rental income, commissions etc

    • Expense details

      Utility bills, rent, board, maintenance, lease payments etc

    • Asset information

      Cash savings, value of motor vehicles, shares, bonds, property, furnishings etc

    • Any other loans or liabilities 

      Such as home loans, credit cards or other debt through buy now, pay later services

    • Residential and employment details

      For the last three years

    • Identification

      Australian driver's licence number and expiry

    • Any other loans or liabilities 

      Such as home loans, credit cards or other debt through buy now, pay later services

    • Residential and employment details

      For the last three years

    • Identification

      Australian driver's licence number and expiry

    • Income details

      Pay slips, child support, pensions, overtime, allowances, rental income, commissions etc

    • Expense details

      Utility bills, rent, board, maintenance, lease payments etc

    • Asset information

      Cash savings, value of motor vehicles, shares, bonds, property, furnishings etc

    • Any other loans or liabilities 

      Such as home loans, credit cards or other debt through buy now, pay later services

    • Residential and employment details

      For the last three years

    • Identification

      Australian driver's licence number and expiry

    • Income details

      Pay slips, child support, pensions, overtime, allowances, rental income, commissions etc

    • Expense details

      Utility bills, rent, board, maintenance, lease payments etc

    • Asset information

      Cash savings, value of motor vehicles, shares, bonds, property, furnishings etc

    Related articles

    Need some help? We've got you covered.

    Get in touch with us and we can help you get the answers you need.

    Important to know

    • Discounted Personal Loan (Car Loan) rate is subject to change at any time. Minimum loan amount $20,000; $250 Application Fee applies. Minimum loan term is 12 months and maximum loan term is 10 years. No penalties apply for paying out early. A Discounted Personal Loan (Car Loan) may be used to purchase or refinance a car, caravan or motorcycle up to 7 years old from year of manufacture (currently from 2018) and must be used as security. Other rates apply to other personal loan types. Examples: $20,000 borrowed for 5 years at 6.49% p.a. / 6.84% p.a. comparison rate has to be repaid back in 60 monthly instalments of $397 per month~. $20,000 borrowed for 3 years at 6.49% p.a. / 6.84% p.a. comparison rate has to be paid back in 36 monthly instalments of $621 per month~. ~The repayment amount is based on certain assumptions, should be regarded as indicative only, and is not a quote nor a pre-qualification for a personal loan.
    • Minimum redraw amount is $250. Redraws are only available if sufficient extra repayments have been made against the loan account.
    • Discounted Personal Loan (Green Car Loan) rate is subject to change at any time. Minimum loan amount $20,000; a $250 Application Fee applies. Minimum loan term is 12 months and maximum loan term is 10 years. No penalties apply for paying out early. A Green Car Loan may be used to purchase or refinance a green car up to 7 years old from year of manufacture (currently from 2018) and must be used as security. A green car is defined as either pure electric (EVs), plug-in hybrid electric (PHEVs), fuel cell electric vehicles (FCEVs), regenerative electric (non plug-in) (HEVs) or hydrogen. Other rates apply to other personal loan types. Examples: $20,000 borrowed for 5 years at 5.69% p.a. / 6.04% p.a. comparison rate has to be repaid back in 60 monthly instalments of $389 per month~. $20,000 borrowed for 3 years at 5.69% p.a. / 6.04% p.a. comparison rate has to be paid back in 36 monthly instalments of $614 per month~. ~The repayment amount is based on certain assumptions, should be regarded as indicative only, and is not a quote nor a pre-qualification for a personal loan.
    • Fixed for 5 years then reverts to a variable rate for remaining term up to a maximum of ten years.
    • The comparison rate is for a secured loan of $30,000 with monthly repayments for a term of five years. WARNING:This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
    • Any advice provided is general advice only and does not take into consideration your personal objectives, financial situation or needs ("your personal circumstances"). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement (PDS), other Disclosure Documents, and Target Market Determination (TMD). Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.
    • People’s Choice Credit Union, a trading name of Heritage and People’s Choice Ltd ABN 11 087 651 125 Australian Financial Services Licence 244310, acts under its own Australian Financial Services Licence and under an agreement with the insurer Insurance Australia Limited trading as CGU Insurance ABN 11 000 016 722, AFSL 227681.
    • Terms, conditions, fees, charges and lending criteria apply and are available on application.
    • Any advice provided is general advice only and does not take into consideration your personal objectives, financial situation or needs ("your personal circumstances"). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement (PDS), other Disclosure Documents, and Target Market Determination (TMD). Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.