Car Loans up to $20,000
Sunshine Coast based and helping Australians with finance for 17 years. Whether you’re buying a new or used car, ute or 4WD, or need repairs to keep your current vehicle on the road, Loan Barn looks at your individual circumstances — not just a number on a screen. Need more than $20,000? Talk to us. Applications outside our standard loan range may be considered case by case. Apply online — it takes around 5 minutes
Car finance that looks at your situation
Not everyone fits neatly into a bank’s lending criteria. You might be self-employed, have had some credit problems in the past, or simply have circumstances that need a closer look. At Loan Barn, applications are individually assessed. We look at your income, expenses, affordability and overall financial situation when considering your application. So even if you’ve been declined elsewhere, you may still be able to apply with us.
How much can I borrow?
Need a few thousand dollars for essential car repairs? Looking at purchasing your next vehicle? Loan Barn offers car loans up to $20,000, subject to assessment and lending criteria. If you need more than $20,000, talk to our team. Higher amounts may be considered case by case depending on your circumstances. The amount you can borrow will depend on factors including your income, expenses, existing commitments and ability to comfortably meet the repayments.
What can a car loan be used for?
Car finance may be available for:
- New cars
- Used cars
- Utes
- 4WDs
- Vehicles purchased through a car dealer
- Vehicles purchased privately
- Car repairs and mechanical work Not sure whether we can help with what you need? Call our team on 07 5313 4083.
Who can apply?
We understand that everyone’s financial situation is different. You may still be able to apply if you:
- Have previously been declined by a bank or another lender
- Have had credit problems in the past
- Are self-employed
- Don’t have the usual income paperwork
- Receive eligible Centrelink or pension income
- Want a lender to look at your individual circumstances All applications are subject to eligibility, affordability and responsible lending assessments.
How our car loan process works
1. Apply online
Complete our online application. It takes around five minutes and gives us the information we need to start assessing your situation. We’ll look at affordability first. If your application appears suitable to proceed, a credit check may form part of completing the assessment.
2. Complete your assessment
We’ll verify your identity and review the information required for your application. You’ll generally need:
- 100 points of identification
- Your most recent 90 days of bank statements Depending on your circumstances, we may ask for additional information.
3. Settlement
Once your loan has been formally approved and all requirements have been completed, we’ll arrange settlement. When you’re purchasing a vehicle, payment is generally made directly to the car dealer or private seller. Then it’s time to get moving.
Car Loan FAQs
I’ve been declined by a bank. Can I still apply?
Yes. Being declined elsewhere doesn’t automatically mean you can’t apply with Loan Barn. We assess applications individually and consider your overall financial circumstances, income, expenses and affordability. Approval isn’t guaranteed and normal lending criteria apply.
I have bad credit. Can I apply for a car loan?
You can still apply. Past credit problems don’t necessarily tell the whole story. We’ll consider your current circumstances as part of the assessment. A credit check may be required before a loan can be approved.
I’m self-employed. Can I apply?
Yes. We understand self-employed income doesn’t always fit traditional employment paperwork. We’ll review your financial information and may request additional documents depending on your circumstances.
Can I buy a car privately?
Yes, subject to the vehicle and loan meeting our lending requirements. If approved, we’ll explain what’s required to complete settlement with the private seller.
Can I finance a used car?
Yes. We consider finance for both new and used vehicles, subject to our lending criteria and assessment.
Can I borrow money for car repairs?
Yes, car repairs may be considered. If an unexpected mechanical bill is keeping your vehicle off the road, talk to us about your options.
How quickly will I know?
We aim to assess applications as quickly as possible. If you apply during business hours and we have all the information we need, we’ll aim to provide an outcome the same day. Some applications may take longer if we need additional information.
What do I need to apply?
You’ll generally need 100 points of identification and your most recent 90 days of bank statements. Additional documents may be required depending on your circumstances.
Will applying affect my credit score?
We look at affordability as part of the application process. If your application progresses, a credit enquiry may form part of completing the assessment and may appear on your credit file.
Do you give the car purchase money directly to me?
For vehicle purchases, settlement is generally made directly to the car dealer or private seller once the loan has been formally approved and all settlement requirements have been met.
Why choose Loan Barn?
We’re not a big bank or an automated approval machine. We’re a Sunshine Coast based lending team that has been helping Australians with finance for 17 years. We believe your current financial situation deserves to be properly considered.
- Individual assessment
- Real people reviewing your application
- New and used vehicle finance
- Private-sale purchases considered
- Self-employed applicants welcome to apply
- Previous credit problems considered
- Car repair finance available
- Loans up to $20,000
- Higher amounts may be considered case by case
Ready to get moving?
Whether you’ve found the car you want, need to replace your current vehicle or simply need to get your car back on the road, start by telling us about your situation. Apply online — it takes around 5 minutes Prefer to talk first? Call 07 5313 4083 or email loans@loanbarn.com.au
Loan Barn Pty Ltd — Australian Credit Licence 384030 All applications are subject to eligibility, lending criteria, affordability assessment and responsible lending obligations. Fees, charges and lending terms apply.