Rating based on 46 reviews

People's Choice Car Loan

  • Car loans starting from $2,000
  • Low-interest starting from 5.64%
  • Repayment up to 7 years

In-page navigation

People's Choice homepage
Author People's Choice. Screenshot of People's Choice website.
[Accessed May 2, 2023]

People's Choice - Stress-free loan process

If you are looking to purchase a new or used vehicle, why not consider a secured personal loan from People’s Choice Credit Union, their quick loans are flexible and the process is stress-free!

Opting for a secured personal loan from People's Choice can offer you a competitive and flexible way to finance your vehicle. It can be very complicated when purchasing any kind of vehicle be it a car, a boat or even a motorbike and the process is not always easy.

Pre-approval benefits

You can benefit from their pre-approval option, it is a quick process and you will know exactly how much you can spend. There are discounts when you purchase a new car, there are no on-going fees and that helps keep your repayments low. Contact them and find out what car loans are on offer and see if any of Peoples Choice Financing options will suit your needs.

Discounted personal loan

Loans starting from $10,000, offer low, competitive rates of 7.99 % annually. You are able to secure your personal loan using a selection of assets with a lock-in rate for the first five years. It is possible for you to repay the loan early without paying a penalty, you are also able to make additional repayments plus there is a redraw facility and pre-approval is also available.

They have competitive rates

Not only does the People's Choice Credit Union offer vehicle loans but also secured personal loans are available that can be used to finance a range of vehicle purchases.

With the car loan and secured loan, you can also decide on an unsecured personal loan from People’s Choice, they offer a competitive rate and there are no on-going fees to assist you in financing a range of personal purchases.

Car loans

The choice is yours, use this loan to purchase a new or used car, a special rate of 5.64 % annually, and applies to new cars over $20,000. For any other vehicles, a standard fixed rate of 7.99 % annually applies. They offer pre-approval of this loan with no monthly fees, no penalties for early repayments plus there is a redraw facility for any additional repayment that you make.

Secured personal loan

You could lock in a competitive rate of 7.99 % annually if you borrow between $10,000 and $100,000.  The long or short-term loan is secured with one of your assets, like your vehicle or a term deposit, you can then use the loan funds for any personal purpose. This may also include the purchase of a vehicle. There are no monthly fees and pre-approval is available. A long-term loan can extend up to a period of 10 years.

People's Choice – Car loan

  • Loan Type Car loans
  • Interest Rate 5.647.99% p/a
  • Loan Amount from $2,000
  • Repayment 1 year to 7 years

Benefits of People's Choice

  • Choose between a range of loan options
  • Get online pre-approval for car loans
  • Low interest rates

Car loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This car loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

People's Choice - with them you get fast pre-approval times

Selected lenders are very limited as to what you can use as security, but they let you use a new or used car to secure the car loan, or any other vehicle in its discounted personal loan or secured personal loan.

Fast pre-approval

Their car loan pre-approvals are valid for a period of 60 days. The pre-approval lets you know how much you have to spend when you go shopping for a car, this will give you the upper hand when negotiating for a price of a private sale or you could go shopping online. There is a rate lock fee of 0.15 per cent applicable.

Discounted rates

Select a Discounted Personal Loan so that you can take advantage of their competitive rate of 7.99per cent annually, perhaps you're purchasing a new car for over $20,000, if so, you may be eligible for a special rate of 5.64 per cent annually, with the Car Loan.

Flexible repayments

You have a choice of how you would prefer to schedule your repayment by weekly, monthly or every fortnight.

Redraw facility

Any extra repayments you make can be recovered using the redraw facility. The minimum redraw amount is $250, remember that a fee does apply if you redraw in-branch. Also, you are only permitted to redraw if you've made sufficient additional repayments.

What other products does People's Choice offer?

There are several personal and business banking products on offer with the People’s Choice Credit Union.

Transaction and savings accounts

There are several account options to choose from if you’re under the age of 25, an Everyday Account, an Active Account a Zip Account which gives you access a quick loan and there is also a Club 55 account for seniors. They bid savings and Investments accounts that also include a Bonus Saver and a Young Saver Account.

Home loans

They offer several home loan options that you can select this includes a variety home and investment loan package, fixed-rate home and investment loan, a basic variable home and investment loan or you could choose a standard variable home and investment loan.

Credit card

Consider the People’s Choice Visa credit card, they offer 62 days interest-free as well as a competitive rate of 2.99 per cent for the balance transfer, plus cash advances and purchases.


They offer a range of Personal Insurance for you to choose from such as: Home and Contents Insurance, Car Insurance, Travel Insurance, Landlords Residential Property Insurance, Mortgage Repayments Insurance, Motorcycle Insurance, Caravan Insurance, Boat Insurance and financial planning. You can count on the financial planning services of the People's Choice Credit Union. Should you be looking for advice on your financial future?

Foreign currency

Get ready for your overseas trip because People's Choice Credit Union offer products such as a Cash Passport, foreign cash, international currency drafts or transfers.

You'll need the following information on hand to complete your application:

  • Identification - Full names as well as license number an expiry.
  • Income - You will be required to provide payslips; you will also need to provide any extra income, such as child support, pension, overtime, allowances, rental income, and commission, etc.
  • Expenses - Provide proof of your rent, loan repayments, board, utility bills, and credit and store cards.
  • Assets -List your cash savings, shares, bonds, property and furnishings and the value of your motor vehicle.
  • Residential and employment details

It is essential that these details are for the last three years.

It is not necessary for you to be a People’s Choice member to apply for a loan, but you would need to become a member before the loan application can be finalised.

man holding thumbs up

People's Choice is a trusted & reliable provider of car loans

In our review, People's Choice adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ People's Choice is a registered credit provider in Australia: ACL 244310

Customer Reviews & Testimonials

What a way to surprise my husband, your delivery service knocked his socks off. Thank you for your service that is above and beyond excellent.

— Adelaide —

Could not be more satisfied with everything from the purchasing process to choosing my make and model. Everything I wanted sign sealed and delivered with a bow.

— Hobart —

Seamless online system. Very impressed.

— Melbourne —

Knowing in advance how much I was able to spend helped a great a deal with shopping around.

— Sydney —

People's Choice Contact

Contact Number


  • not available


Physical Address

Postal Address

  • People's Choice Credit Union, GPO Box 1942, Adelaide, SA, 5000, Australia

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:30 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed