Low Interest Car Loans

Looking to get behind the wheel of your dream car faster? You’ll find everything you need and more with a loan from Metro Finance.

Why go with Metro?

Take the stress out of financing your car with our competitive interest rates, tailored to your needs.

Looking to get a new car? A car loan from Metro Finance can get you one quicker. Metro is an award-winning Australian non-bank lender with a range of tailored finance products to suit your specific needs.

Best of all, our locally-based team and extensive broker network means you get friendly, knowledgeable customer service from real people, with fast approvals to get you on the road sooner.

In this article, we’ll take a look at the types of new car loans and finance options available to you at Metro to help you decide the best option for you.

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Fast

With Metro, you can expect a fast and streamlined loan application process, ensuring that you get the funds you need as quickly as possible.

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Trusted

With over 15 years of local experience and an Australia-based team dedicated to providing reliable secured personal car loans, Metro is the go-to choice for brokers and their clients who are looking to finance a new car.

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Value

We offer competitive fixed interest rates and no monthly fees, meaning that you will always get the best financial terms tailored to your specific needs.

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Results

Since launching we’ve helped over 120,000 customers and financed over $10 billion, all backed by our award-winning service. With terms up to 84 months and values up to $250,000, see why so many Aussies are with Metro.

Metro’s low interest
car loans

There are many benefits to choosing Metro for low interest car finance, but some of the key features our customers enjoy include:

  • Borrowing capacity up to $250,000
  • The choice of weekly, fortnightly, or monthly repayments
  • Flexible loan terms between 12 and 84 months
  • Balloon options at the end of the loan term
  • Competitive finance rates, tailored to your needs

Vehicles we can finance

Metro can provide low interest car loans on a range of new and used vehicles, including petrol, diesel, hybrid and electric-powered cars. 

Find out more about electric vehicle loans at Metro. 

Best of all, you’re not limited to where you can purchase your dream car from with finance available for cars bought from a dealership, a private seller or even as a great import.

Like to know more about a loan on a pre-owned vehicle? Click here.

Eligibility criteria

Getting low interest car finance with Metro couldn’t be simpler, but like all lending providers there are certain things we require when assessing a car loan application, such as: 

  • The maximum age of vehicle must not exceed 15 years at end of term
  • The type of licence you hold. Metro accepts applicants with a Learner, P1, P2, or full driver’s licence
  • Your employment status and history of employment
  • Your residency status. You must be an Australian citizen or permanent resident of Australia
  • You have a minimum Equifax score of 500
  • You are 18 years old or over


How you meet Metro’s eligibility criteria, with particular attention to your credit score, will likely affect the loan terms available to you, which includes the interest rate and loan period.  

To find out more, talk to a friendly Metro broker who will be able to guide you through the loan application process. 

Get started with a low interest car loan now

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Alternatively, chat to one our trusted brokers

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Your broker will take care of the rest

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Start financing your dream car!

Testimonials

Don’t just take our word for it. See what our satisfied customers and accredited brokers have to say about their experiences working with Metro.

FAQs

Are there any fees associated with getting a low interest car loan?

When deciding on any financial product it’s a good idea to do your homework. Start by chatting with your broker to get an understanding of some of the costs and fees associated with your preferred loan option. While every loan is unique to the applicant, some of the common feeds you may encounter include:

  • Broker origination fee – which might be charged to process and evaluate a new loan application.
  • Establishment fee – which could be charged to cover the administrative costs of setting up a loan and the loan documents.
  • Early repayment fee – this might come up if you pay your loan off earlier than originally agreed to and may include interest that would have been accrued if the loan had reached the full term.
  • Account keeping fee – which lenders sometimes charge to manage the day-to-day administration of your loan during the term period.

In most instances the vehicle itself is used as security against a low interest loan. Talk to your broker to understand the specific details of the loan and security options available to you.

Yes. Metro can offer novated leasing options for employees looking to finance a vehicle through salary sacrifice. 

To find out more, explore novated leasing with Metro.

Yes. Metro can offer a low interest car loan for business vehicles as part of our commercial car loans product.  

To find out more, explore our commercial car loans options for passenger vehicles.

At Metro, we pride ourselves on providing fast and reliable finance approval for our customers, with most applications taking between just 1-2 days. In some instances a loan approval may take longer if issues arise or if the application is incomplete. Fortunately, your broker will be able to guide you through everything to ensure a smooth and fast approvals process. 

Yes. As with any financial product it may impact your credit score, however in most instances by making loan payments on time it can actually boost it over time.

We understand that these things can happen from time to time, which is why our team is available to assist you if you miss a loan repayment due to financial hardship. Some loans may include a late payment fee, so it’s always best to check with your broker to make sure you understand the conditions of your loan when applying for one.

Commercial Finance

Competitive business loans for vehicles and equipment

Personal Finance

Flexible loan terms and competitive finance rates. ​

Novated Lease​

Salary packaged through an employer or salary packager. ​

Broker Portal

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