Your perfect loan
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Instant & personalised
No impact on credit score
No hidden fees - how we get paid
We navigate, you Driva!
Think of us as your navigator, for a seamless car-buying journey.
1. Smart match
We match your unique profile to the best pre-qualified rates
2. Choose loan
Choose your preferred lender, with 100% rate and fee transparency
3. We do the checks
Your application gets checked against 1,000+ lender policies before it's shared with a lender to protect your credit score
4. Loan approved!
The fun part. Review final loan documents and get on the road!
Lending Partners
Compare multiple lenders with Driva
Find my rate options
This won't affect your credit score
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read review
Starting APR: 4.96%
Starting comparison rate: 6.63%
Read more
Interest rate: 3.94%
Comparison rate: 5.05%*
Read review
Interest rate: 3.95%
Comparison rate: 5.10%*
Read review
Interest rate: 4.34%
Comparison rate: 5.50%*
Read review
Interest rate: 4.47%
Comparison rate: 5.28%*
Read review
Interest rate: 4.50%
Comparison rate: 5.57%*
Read review
Interest rate: 4.69%
Comparison rate: 6.55%*
Read review
Interest rate: 4.70%
Comparison rate: 6.80%*
Read review
Interest rate: 5.49%
Comparison rate: 6.86%*
Read review
Interest rate: 5.75%
Comparison rate: 6.55%*
Read review
Interest rate: 6.70%
Comparison rate: 7.44%*
Read review
Interest rate: 7.25%
Comparison rate: 8.95%*
Read review
Interest rate: 7.50%
Comparison rate: 9.10%*
Read review
Interest rate: 7.64%
Comparison rate: 10.24%*
Read review
Interest rate: 7.65%
Comparison rate: 9.53%*
Read review
Interest rate: 7.99%
Comparison rate: 10.46%*
Read review
Interest rate: 9.90%
Comparison rate: 10.47%*
Read review
Interest rate: 9.90%
Comparison rate: 10.47%*
Read review
Interest rate: 19.00%
Comparison rate: 23.45%*
Read review
Interest rate: 19.95%
Comparison rate: 26.64%*
Read review
Don't take our word for it
We always recommend a second opinion. Check out our customer reviews
So how does it work?
Learn more
Common car loan questions
01
Which lenders do you work with?

We work with over 20 different car loan lenders to give you confidence that the options you’re seeing are a good fit for the vehicle you’re thinking about and your personal situation.

Not all car loan lenders were born equal, which means some have slower response times, bigger fees, worse support functions and higher rates than others. But we’ve hand-picked those that we work with to support our vision of a seamless customer experience, an effortless online application process and the lowest rates.

02
Can I pay out my loan early?

You can always pay out your existing car loan, but some lenders may charge you what's called an early termination fee in addition to the outstanding loan amount to do this.

Using Driva's online loan matching tool, you can find out which of your eligible lender options will penalise you for making an early repayment on your loan.

While we consider monthly repayments (inclusive of all fees) as the most important factor to consider when assessing your Driva quotes, it is also important to consider early termination fees if you intend to pay out your loan early. In some cases, it may be worth choosing a lender with a slightly higher monthly repayment to avoid early termination fees and charges if you want the flexibility of reducing your interest and paying off your loan early.

03
How long does the process take?

The entire process, from getting an online finance quote to your chosen seller receiving funds in their bank account can be done as quickly as within 24 hours. That said, actual turnaround times will vary fairly significantly depending on your chosen lender.

Our short and simple online application only takes 2 minutes to fill out, and you can see your loan options from within your Driva Dashboard instantly.

Once you’ve picked your lender and provided a few other details (like income, employment and expenses), we will work with your chosen lender to lodge your application. This is usually done within 3 business hours, but we might require some additional information or have a few extra questions for you before we can finalise your application and lodge it with your chosen lender.

Approval can then take anywhere from a couple of hours to 48 hours. The Driva team is closely aligned with our lending partners to make this as fast a process as possible, and in some cases, we even have guaranteed turn around times in place so that you can be on the road in your new car in no time.

04
What is a comparison rate?

When shopping around for car finance, you can use a comparison rate to help work out the true cost of a loan. This is because it accounts for all of the fees and charges a lender is paid for originating car loans.

Driva clearly specifies the comparison rate of every quote we provide to you so you can quickly see which car loans will cost you less. Our tip is to rely on either the comparison rate or monthly repayment figure instead of the quoted annual percentage rate or interest rate, as these can be very misleading!

For example, some lenders might lead with an exceptionally low interest rate to appeal to new customers looking for the best deal. But these same lenders often have high establishment, monthly or termination fees associated with their car loans which then lead to a significantly higher comparison rate.

It's important to take caution when relying on online resources like a car loan calculator, which might not accurately account for all fees associated with a particular new or used car loan. This might lead to a rate comparison made on an interest rate, instead of a comparison rate, and overall a poorer outcome for the consumer.

Learn: car finance terminology explained

05
What is a secured car loan?

A secured car loan means that the car that is being purchased is used as collateral in the event of a loan default. It gives lenders additional comfort that they will be able to recoup the money lent, and as a result, generally will be accompanied by lower interest rates.

Most secured car loans require a vehicle to be 12 years or under, which means if you're buying a car older than this you'll have to opt for an unsecured personal loan.

06
How much can I borrow with a car loan?

Loan amounts for any type of finance will vary from customer to customer, depending on their personal situation. Things like living expenses, income sources, living situation and past credit rating will all contribute to your maximum loan amount.

Adjusting your loan term (e.g. from 5 years to 7 years) can also help with your maximum borrowing amount, and Driva's smart platform and expert team will give you the advice you need to find out the maximum amount of finance you could be approved for.  

07
Do you do commercial car loans?

Whether you're buying a new car through your business, or want to take out a personal loan for a used car, are self-employed or a contractor, Driva has a car loan solution to suit your needs.

In fact in some cases, Driva's commercial car loan lenders are able to offer lower rates than if you were to acquire a car through a personal loan.