[Home](/) > [Loans](/loan/) > [Car Loan](/secured-loans) > [$20,000](/secured-loans/20000) > 7 years

# Car Loan

Fixed-rate vehicle loan secured against a car or motorbike via PPSR registration. Lower rates than unsecured lending, with no early repayment penalties.

## Interest rates

| Credit profile | Interest rate | Comparison rate |
|---|---|---|
| Excellent | 5.66% p.a. | 5.66% p.a. |
| Good | 11.99% p.a. | 12.83% p.a. |
| Average | 18.79% p.a. | 19.69% p.a. |

## Estimated repayments

Loan: $20,000, Term: 84 months, Rate: 5.66% p.a.

- Weekly: $74.31
- Fortnightly: $148.61
- Monthly: $297.23

## Loan details

- Amount: $2,000 – $100,000
- Terms: 3 years, 5 years or 7 years
- Early repayment fee: $0

## Security requirement

Vehicle must be registered as security on the Personal Property Securities Register (PPSR). Comprehensive motor vehicle insurance required with minimum cover of $10,000 or full vehicle value, with Harmoney listed as interested party.

**Important:** Loan converts to unsecured at a higher interest rate. Vehicle must be registered within 60 days.

## What our customers say

4.8 out of 5 from 20,986 reviews
ShopperApproved (18,693) · Google (1,925) · ProductReview (368)

> "Fast efficient service"
>
> — Mario M., Yesterday (Google), 5/5 stars

> "Amazing experience. Friendly staff, quick turnaround times, easy and smooth application submission process. Couldn't recommend more highly"
>
> — Lisa W., 6 days ago (Google), 5/5 stars

> "Very good and very happy with the results and God bless"
>
> — Baptista L., 1 week ago (Google), 5/5 stars

> "I had a fantastic experience with Harmony. The entire finance process was easy, straightforward and completely hassle-free. I received an awesome interest rate for my car, was approved within minutes, and the funds were in my account overnight. I couldn’t be happier with the service and would highly recommend Harmony to anyone looking for fast and affordable finance."
>
> — Bob B., 1 week ago (Google), 5/5 stars

## Disclaimers

Harmoney Australia Pty Ltd ABN 12 604 342 823 holds an Australian Credit Licence (Number 474726) and an Australian Financial Services Licence (Number 474726). Harmoney Services Australia Pty Ltd (ABN 49 608 364 272) provides rate estimates and other services as an agent for Harmoney Australia Pty Ltd. Harmoney Australia Pty Ltd and Harmoney Services Australia Pty Ltd are fully owned subsidiaries of Harmoney Corp Limited (ASX:HMY).

Important information: This calculator provides an estimate only and is not a credit proposal, quote, or pre-contractual statement. The monthly repayment amount shown is calculated using the standard amortisation formula based on the example loan amount, interest rate, and term entered. The weekly amount shown is the monthly repayment divided by 4, and the fortnightly amount shown is the monthly repayment divided by 2; this assumes 48 weekly payments or 24 fortnightly payments per year, not 52 or 26. A borrower repaying on an actual weekly or fortnightly schedule will pay a lower amount for each payment than the amount shown. Actual repayment amounts will depend on the borrower's individual credit assessment, including the applicable interest rate, fees, loan amount, and term. The interest rates shown range from 5.76% to 24.03% p.a. and are subject to change. An establishment fee of $275 (loans up to and including $4,999) or $575 (loans of $5,000 and over) may apply. The comparison rate is calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. This calculator does not take into account your personal financial circumstances. Before applying, consider whether this product is appropriate for you.

1. Subject to approval. Harmoney offers fixed-rate unsecured personal loans at 5.76% p.a. to 24.03% p.a. (comparison rate 5.76% p.a. to 24.98% p.a.) and fixed-rate secured vehicle loans at 5.66% p.a. to 20.79% p.a. (comparison rate 5.66% p.a. to 21.71% p.a.). The rate offered to you depends on your individual credit assessment under Harmoney's credit scorecard. You must meet Harmoney's credit criteria and responsible lending requirements to be approved. Fees, charges, terms and conditions apply.
2. Harmoney personal loans are available on 3 years, 5 years or 7 years fixed-rate terms. The interest rate and comparison rate applicable to your loan depend on the loan type, loan amount, term selected, and your individual credit assessment.
3. Comparison rates: Our unsecured comparison rate of 5.76% p.a. and secured comparison rate of 5.66% p.a. are based on a personal loan of $30,000 over 5 years, for users with exceptional credit quality. WARNING: Comparison rates only apply to the example given. Different amounts and terms may result in different comparison rates. Costs, fees, charges (including government charges like stamp duty), and cost savings are not included in the comparison rate but may influence the cost of the loan.
4. An establishment fee of $275 applies to all loans up to $4,999 and $575 to loans of $5,000 and over. Some applicants with strong credit profiles may be eligible for a $0 establishment fee. There are no monthly fees and no early repayment fees.
5. Example loan. For users with exceptional credit quality, for an unsecured loan of $20,000 borrowed for 36 months with a fixed interest rate of 5.76% p.a. (comparison rate 5.76% p.a.) the total amount you would need to repay would be $21,826 (made up of $20,000 in principal, $1,826 in interest and $0 in establishment fees).
6. Fastest recorded quote: 74 seconds from application started to quote offered, since 1 January 2026. This is the fastest time on record, not a typical experience; individual quote times vary.
7. Funding speed: 95% of approved loans were funded within 24 hours in 2025, measured from application completion to funding. Individual funding times vary.
8. Subject to approval. Harmoney's interest rates are offered based on the individual borrower's credit assessment according to Harmoney's credit scorecard. In order to be approved you must meet Harmoney's credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.