Your Car Loan

Ready to upgrade and jump into the car of your dreams? We are here to support your needs and dreams with our Zenpay Car Loan.

Some things to be mindful of:

The minimum loan amount for a car loan is $5,000, with the maximum depending on your circumstances and current financial situation. As always, a full assessment will be required. We support car loans for both new and used cars. The car can be up to 15 years old. If your car doesn’t meet this requirement, then one of our Personal Loan products could help get you on the road.

To make your life a little simpler, all our loans feature fixed interest rates, so repayment amounts stay the same throughout the life of the loan. Having this certainty makes budgeting easier and more manageable. Just keep in mind, that interest is calculated daily and charged to your account monthly.

The good news is, in most cases, you can expect to receive a decision on your loan application in 1-2 business days. Once your loan is approved and signed, your funds are disbursed to purchase your asset.

So, am I eligible?

At a minimum, you will need to:

• be currently employed and have a regular income,
• be an Australian Permanent Resident,
• be at least 18 years of age.
• be able to demonstrate a good credit history for the last 5 years
• be free from bankruptcy for the last 7 years

Other credit and approval criteria will apply depending on your situation.