Car loan

Are you looking for a financing partner you can trust?
At Mortgage Street, we prioritise our brokers & clients’ satisfaction and work tirelessly to provide you with the best options and support.
Competitive rates and terms

Mortgage Street offers fair and competitive financing options to fit your specific needs and budget.

Expertise and experience

Our team has extensive knowledge in the industry and can guide you through the process of securing a car loan.

Wide range of options

We have access to a variety of financing options, allowing us to tailor a solution that best fits your unique circumstances.

Personalised service

Our team will work with you one-on-one to understand your needs and financial situation, and provide you with personalised recommendations for your car loan.

Fast turnaround times

Our process is designed to be as efficient as possible, allowing for fast turnaround times on loan approvals, so you can get your new vehicle as soon as possible.

First-time buyer car loan
Near-new car loan
Electric vehicle financing
Business auto loan
Bad credit car loans

Broker Support

Monday to Friday 9am – 5pm (Sydney time)

Frequently Asked Questions

Frequently asked questions

When comparing car loans, it’s important to consider both the interest rate and the comparison rate. The interest rate represents the cost of borrowing money, while the comparison rate includes additional fees and charges associated with the loan. By considering both rates, borrowers can make a more informed decision about the overall cost of the loan and compare different options effectively.

Break costs, also known as early repayment or breakage fees, are charges incurred when a borrower pays off a fixed rate car loan before the agreed-upon loan term ends. These costs are designed to compensate the lender for the interest income they would have received had the loan been repaid as originally scheduled. Break costs can vary depending on factors such as the remaining loan balance, the interest rate differential, and the time remaining on the loan term.

When your client pays out their car loan, it means that your client has fully repaid the outstanding balance of the loan. Once the loan is paid off, your client becomes the sole owner of the vehicle, and Mortgage Street releases their lien on the car. It is essential to obtain a release or discharge of lien document from Mortgage Street as proof that the loan has been satisfied, which allows your client to establish clear ownership of the vehicle.

A secured car loan is a type of loan that is secured by the vehicle being financed. In this arrangement, Mortgage Street holds a security interest or lien on the car until the loan is fully repaid. If the borrower defaults on the loan, Mortgage Street has the right to repossess the vehicle and sell it to recover the outstanding debt. Secured car loans often offer lower interest rates compared to unsecured loans because the collateral reduces the lender’s risk.

Getting a car loan with bad credit can be challenging, but it is not impossible. Mortgage Street specialises in providing loans to individuals with poor credit. However, these loans often come with higher interest rates and stricter terms. It’s important for your client to consider improving their credit score if possible, and be prepared to provide additional documentation or a larger down payment to increase their chances of approval.

The repayments for a car loan can be made on a weekly, fortnightly, or monthly basis, depending on the agreement between your clients and Mortgage Street. The frequency of the repayments is determined during the loan application process and remains consistent throughout the loan term. Your clients can choose the repayment frequency that aligns with their financial situation and preferences.


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