A car loan allows you to borrow money to buy a car. In return for providing you with the loan, you agree to pay back the loan over the loan term, including interest and fees, which is between three to five years.

You may obtain a lower interest rate with a secured car loan as you will offer the vehicle you purchase as security for the loan. An unsecured personal loan will enable you to borrower money without offering your vehicle as security. The interest rate on an unsecured personal loan is generally higher than the interest rate on a secured car loan. One of the benefits of an unsecured personal loan to purchase a vehicle is that there are no restrictions on the age, type and condition of the vehicle you can purchase.

If you have a bad credit history, don't worry; we may be able to help you subject to our eligibility and credit criteria. We specialise in assisting borrowers with unique financial circumstances, such as bad credit scores, previously declined by another lender, and current or discharged bankrupts.

To be eligible for a car loan from EBP Money, you must

• Be 18 years and over
• Be an Australian citizen or permanent resident
• Be employed full-time, part-time or casual
• Earn an annual income of $45,000 net or more

Other credit and eligibility criteria and terms and conditions may apply.
To apply, complete and submit our online application form. It takes minutes.
We need your personal information, including the amount you want to borrow, your income and expenses. And we also need some documents, including your bank statements.
As part of our standard practice, we will access your credit report to help us understand your credit history. If your loan amount is approved, your money will be in your bank account the next business day^#

Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be personalised based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. We offer interest rates at the lower end of our range to customers with an excellent credit history.

We charge a one-off risk or establishment fee. This is based on your loan amount and your credit rating.

We also charge a monthly account service fee of $15. There are no fees for our tier-one borrowers with excellent credit scores. We will provide all your fees and charges in your loan contract.

Yes – You can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.

Tell us if your circumstances change and you cannot repay your loan as soon as possible. We are here to help.