Car Loans and Personal Loans

Car loans and personal loans finance a vehicle purchase, an unexpected expense, a renovation, or debt consolidation — and the right structure matters as much as the rate. Limitless Finance compares car and personal loans across a wide panel of lenders to find a solution that suits your situation, not just the first approval that comes back. We serve clients across NSW and Australia-wide.

Car finance — more than just a rate

Car finance — more than just a rate Most people focus on the interest rate when comparing car loans, but rate isn’t the whole story. Fees, loan terms, balloon payments and the finance structure you choose all affect the true cost of borrowing. We look at the full picture so you aren’t caught off guard later.
Secured car loan
Secured car loan The vehicle is used as security, which typically means a lower interest rate and more favourable terms. This is the standard structure for personal car purchases and the most straightforward way to finance a vehicle.
Chattel mortgage (business use)
Chattel mortgage (business use) If the vehicle is primarily for business use, a chattel mortgage may let you claim the GST on the purchase price and offer potential tax deductions on interest and depreciation. Ownership sits with you from the start. The tax treatment depends on your circumstances, so we’d suggest confirming the details with your accountant.
Novated lease
Novated lease A three-way arrangement between you, your employer and a finance company, where repayments come from your pre-tax salary. This can be tax-effective for employees whose employers offer the benefit.
Balloon payment structures
Balloon payment structures Some car loans reduce monthly repayments by deferring a lump sum (the balloon) to the end of the term. This can suit some borrowers but needs to be planned for carefully, since the balloon still has to be paid or refinanced when the loan ends.

Vehicle finance for every purchase and purpose

Financing new, used and private-sale vehicles

Financing new, used and private-sale vehicles We can finance new vehicles, used vehicles through dealerships and, in many cases, private-sale purchases. Each comes with slightly different lender requirements — older or high-kilometre cars may have restrictions on loan terms or LVR. We let you know what applies to the vehicle you’re looking at.

Business vehicle finance

Business vehicle finance For business owners, vehicle finance deserves careful structuring. The right setup can improve cash flow, support a more efficient tax position and keep business and personal finances cleanly separated. We work alongside your accountant to make sure the structure aligns with how your business operates.

When a personal loan makes sense

When a personal loan makes sense A personal loan is a practical solution when you need funds quickly, don’t want to touch your home equity, or the purpose doesn’t fit neatly into another lending category. We help you find the right structure at a competitive rate.

What to watch out for

Not all personal loans are equal. Some carry high establishment fees, early-repayment penalties or monthly account-keeping charges that inflate the true cost. We compare the comparison rate — not just the headline rate — across lenders so you see the full picture.

What do you need for a car or personal loan?

Proof of identity

Proof of identity (driver licence, passport)

Proof of income

Recent payslips, tax returns or business financials

Details of any existing loans

current balances, limits and repayments This is a polish suggestion only — no change required to publish.

For car loans

Make, model, year, kilometres and price; dealer invoice or private-sale contract if identified

For personal loans

The purpose of the loan and the amount required
Frequently Asked Questions
Have Questions About Finance Or Lending?
Whether you are buying, refinancing, investing, or exploring loan options for the first time, we are here to help you understand the process and make your next step clearer.
What is the difference between a secured and unsecured personal loan?
A secured loan is backed by an asset and usually offers a lower rate and higher limits. An unsecured loan needs no security, is quicker to arrange and more flexible, but typically carries a higher rate.
Is a chattel mortgage or novated lease better for a work vehicle? A chattel mortgage tends to suit business owners and the self-employed and may allow GST and depreciation benefits, while a novated lease suits employees whose employer offers salary packaging from pre-tax income. The best option depends on your employment and tax situation, so it’s worth confirming the details with your accountant.
Compare the comparison rate. It includes most fees and gives a truer picture of the loan’s real cost than the advertised headline rate alone.
Most people think their options are limited. Most people are wrong.
Book a consultation with us, to see how we can stretch the limits to suit your financial needs.