Finance up to 100% of the cost of your car, no additional security needed
Looking for a new car loan? We’ll put you in the driver’s seat.
Looking for a new car can be fun, but no-one enjoys shopping around for finance. We make the process of getting motor vehicle finance fast and simple. Our team provides you with a range of loan options, and you can sign the documents electronically.
Let us look after the finance while you focus on finding the car that’s just right for your needs.
Benefits you’ll enjoy with a Medfin car loan.
We get your finances rolling while you take the wheel
We find the right financial solution for thousands of doctors, dentists, vets and allied health professionals each year. We find the right car loan so you can keep your eye on what’s ahead.
Talk to a Medfin specialist today and we’ll get you behind the wheel faster.
Frequently asked questions
When you buy a car for personal use, a Personal Car Loan is the best option.
However, if you’re claiming the car as a business expense, meaning you use it predominately for business, and you have an ABN, then Medfin’s Asset Finance may suit your needs better.
There are options available to you.
- Finance Lease: Medfin buys the car and you make lease payments. A Lease is for an agreed amount and term, with a residual amount due at the end.
- Commercial Hire Purchase: Medfin buys the car and you make loan repayments, purchasing it progressively from us. When you have made your final repayment, you own the car.
- Chattel Mortgage (Fixed rate): You buy the car with a loan from Medfin. We take a security over the car. When your last loan payment is made, Medfin releases the security.
- Term Loan (Variable rate): You buy the car with a loan from Medfin. We take a security over the car. When your last loan payment is made, Medfin releases the security.
This depends on the amount of finance you need, what you need it for, and your cash flow. Medfin makes it possible to borrow up to 100% of the purchase price of the vehicle.
When you’re ready to apply we’ll generally have an answer for you within 24hours (sometimes immediately). Once you have provided your Medfin Finance Specialist with the information we require to assess and prepare paperwork, you will need to obtain the invoice from your car dealer, and share it with your Medfin Finance Specialist. We can then email you the documents — the same day if you need. And when all conditions are met, we’ll pay the invoice when you’re ready to pick up your new car.
If you’re buying from a private seller, or seeking reimbursement for a vehicle you’ve already paid for, there are a few extra steps, so the process may take slightly longer.
Medfin rates, repayments and fees are always competitive. And because Medfin offers finance solutions exclusively to healthcare professionals, we understand current changes and challenges within your industry.
You’ll find our high quality, personal service, combined with competitive rates, saves you paperwork and time.
Read more about Medfin Personal Loan Target Market Determination.
Medfin is not a subscriber to the Banking Code of Practice. However, Medfin enters into Personal Loan Agreements as disclosed agent for National Australia Bank Limited ABN 12 004 044 937 Australian Credit Licence 230686 (‘NAB”) and NAB is a subscriber to the Banking Code.
This means that the Banking Code applies to Medfin’s relationship with personal loan customers in its capacity as agent for NAB.
To find out more about the Banking Code or to obtain a copy of the Banking Code, visit our Important Information page.
1. Finance Lease requires a residual payment at end of the finance term . 2. Other fees and charges may apply.
Variable rate only available for personal car loan and term loan products.
Business use loans require an ABN.
All facilities with Medfin and National Australia Bank Limited are subject to eligibility criteria, credit assessment and approval. Terms & conditions, fees & charges apply (available upon request).
Because we do not know your personal objectives, please consider whether these products and services are appropriate for your circumstances. Before acting on any of the information on this website, please seek independent financial and tax advice.