Interest rates for a car loan vary depending on many factors, including if the car is for business or personal use, income and credit score. Use CarClarity’s loan calculator to quickly estimate your personalised loan repayments in 60 seconds.
Yes! With CarClarity getting a car loan is now 100% online. Simply fill out one application and get matched to 30+ lenders. We do all the checks and negotiate the best price for you. Learn more about how it works.
While deposits are not mandatory to get a car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.
A balloon payment is a lump sum paid at the end of the loan after your regular repayments have been made. A balloon payment reduces your regular payment amounts in exchange for owing the lender a lump sum at the end of the loan.