Liberty Financial Car Loan Review

Liberty Financial covers a broad spectrum of both consumer and business customers, offering secured loans with fixed interest rates starting as low as 6.49% for top tier customers and as high as 22.99% for credit-impaired customers.

Best for

Older vehicles, which can be up to 20 years old at the end of the loan

Consumer or commercial customers with impaired credit, such as past defaults or bankruptcy agreements

Draw backs

Higher rates for medium to strong credit customers, looking for newer vehicles

Co-applicants a requirement for most customers, unless strong credit profile

Liberty Financial overview

Liberty Financial is an Australian non-bank lender that was formed in 1997 offering a broad spectrum of lending products, including home loans, car loans, businesses loans, SMSF products and other personal loans.

The company covers a broad range of customer types and has favourable credit policies for customers with paid defaults or for older vehicles.

Liberty primarily uses third parties to acquire customers, including mortgage brokers and asset finance brokers (like Driva).

Liberty Financial has over 1,000 reviews on Product Review and a decent customer service rating of 4.2/5. This means the Liberty team is well established and frequently recommended by customers across Australia.

How to apply for a Liberty Loan

To apply for a car loan with Liberty, you’ll need a minimum Veda 1.1 credit score of 300, earn over $20,000 per annum and have had at least 6 months of full-time employment.

While getting a loan with Liberty is a good option for customers with impaired credit, you’ll also need to demonstrate that you’ve made all your recent repayments on existing loans on time (at least for the last 6 months).

See if you qualify for a Liberty loan in minutes

Find my rates
Fixed rates from:

9.15% per annum (10.69% comparison rate)

Loan amounts:

$5,000 - $100,000

Loan terms:

2 - 7 years

Loan types:

Consumer and commercial loans

Min. credit score:


Min. income:

$20,000 per annum (before tax)


Yes (generally a requirement)

  • Monthly: $7-15 depending on risk and term
  • Early termination charges: Variable, but usually around ~$800
  • Brokerage: Up to $1,450

*Updated 15/04/24

Big no-no's (automatic declines)

If you’ve got a recent personal loan (within the last 90 days)

If you’ve recently used Deferit

If you’ve made use of the Government’s Early Super Access Scheme

If you’ve taken a payment holiday from any of your existing facilities (within the last 90 days)

Driva tip: Using the Driva platform you can find out whether you meet Liberty's lending criteria quickly and easily. We vet your application against all credit policies to ensure you're very likely to be approved before sharing your information.

Other hot tips

Early termination charges apply and can be expensive (~$800+) depending on when you look to pay the loan out

Borders will have expensive rates with Liberty - no matter what your credit score is. This is because Liberty has a strong preference for customers who are property backed

Liberty Financial - Frequently Asked Questions