Car Registration Loans | Fast Loan Outcomes up to $10,000

Nifty Loans offers car registration loans up to $10,000, 100% online. This gives you the ability to pay this large expense with manageable instalments, rather than one lump-sum payment.

Car registration causing you frustration?

The cost to register your car each year continues to rise, often getting into hundreds if not thousands of dollars. If you cannot manage this cost up-front, Nifty Loans offers car registration loans from $2,500 to $10,000.

Nifty Loans is a 100% online lender that specialises in speedy loans with 60-minute* loan outcomes often delivered (if applied within business hours). Upon approval, Nifty can offer instant transfers** to customers with NPP-enabled bank accounts.

What are car registration loans Australia?

A car registration loan can be used to cover the cost of registering your car for either half or the entire year. Nifty Loans offers car rego loans from $2,500 to $10,000 with flexible repayment terms. Our loan options fall into two categories: medium loans and large loans.

Medium loans are unsecured or secured personal loans that range from $2,500 to $4,600 and can be repaid between 9 to 24 months. Large secured loans range from $5,000 to $10,000 and can be repaid over 9 to 24 months. For more information about our loan offerings, visit our costs page.

Eligibility requirements

Before we can approve you for your quick cash loan, make sure you are eligible:

  • You are at least 18 years old
  • You are an Australian citizen or an Australian permanent resident
  • You have had a consistent income in your bank account for the last 90 days
  • You have an active mobile number and email address
  • You have internet banking set up
Supporting documentation

To ensure your loan can be processed as fast as possible, have all of these documents handy when you apply:

  • 100 points of ID
  • Your basic personal information (full name, D.O.B, address etc.)
  • The reason for your loan
  • Your online banking details (to access copies of your bank statements)
  • Your myGov details (if you receive Centrelink benefits)
Can I get a car registration loan with bad credit?

Nifty Loans is an online lender. This means that, unlike traditional lenders, we can be more lenient in our credit requirements. We will conduct a thorough financial analysis, including a credit check and assessment of your bank statements, to ensure that a personal loan is affordable for you. If we determine that you can manage your loan, we may be able to offer you a bad credit personal loan.

While we may be able to offer you a loan with bad credit, every application is subject to a thorough assessment. We adhere to the responsible lending guidelines set by ASIC and will never lend an applicant money if we believe they cannot afford to repay their loan.

FAQs

How much can I borrow with my car registration loan?

You can borrow for any amount from $2,500 to $10,000 to cover your car registration expense. We will assess your affordability and offer you a loan amount to suit you.

How do I repay my loan?

We will set up a direct debit in line with your pay cycle. In this way, as soon as you are paid, your loan repayment will be deducted from your bank account. When your loan has been repaid, we will stop your loan payments.

Can I repay my loan early?

We do not charge early exit fees on our personal loans. If you can repay your loan early, you are free to do so with no additional costs added to your loan. This could save you money on interest or monthly fees.

How are car registration costs calculated?

Vehicle registration is usually made up of 3 components:

  • Vehicle Registration Fee: This provides essential funding for transport infrastructure and maintenance.
  • Traffic Improvement Fee: This is a non-refundable fee collected by the Department of Transport and Main Roads for the construction and maintenance of the state’s road network.
  • Insurance: Each state has its own version of basic level, third-party insurance. If a person causes injury to someone else in a motor vehicle accident, this insurance protects the vehicle owners and drivers from being held financially responsible. This doesn’t cover the cost of damage to the other person’s car or property.

Queensland, South Australia, and Tasmania currently charge according to the number of cylinders a vehicle has. The larger the number of cylinders, the higher the fee. These are grouped into main cylinder groups, 2, 4, 6, and 8.

Victoria charges a flat fee for all light vehicles, although the fee is determined by the location the vehicle is kept, i.e. metropolitan area, outer metro and rural. The further out from the city, the lower the fee. This is because the city is considered a high-risk area whereas a rural area is considered low risk.

New South Wales, Western Australia and the Australian Capital Territory’s fees are based on the individual vehicle’s tare weight.

The Northern Territory bases their registration fees on engine capacity.

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