Auto Loan Rates

As Low As 2.24% APR

Shopping for the best auto loans? Whether you are looking for the best car loan rates for a new or used vehicle, or you want to refinance an auto loan, we can help.

Get the lowest rate when you compare rates from multiple lenders, even if your credit isn’t perfect.

Reason to Choose us

We offer award-winning, low-rate car loans with no ongoing fees,saving our customers thousands of dollars.

Lowest Possible Prices

With a lower interest rate, you’ll save money and pay off your car loan faster. LoanOnDemand shops for the best car loan rate!

Hassle free

Online lenders offer borrowers access to online loan applications 24 hours a day, seven days a week.

Quick Approvals

Technology and automation provide online loan lenders with more efficient ways to process data and transactions quickly. If approved, funding can be as soon as the next business day.

Easy Loan Process

You can apply for an online auto loan from the privacy of your home, whenever is most convenient for you.

In the market for a new ride? LOAN ON DEMAND can put you in the driver’s seat. We have a loan that is right for you.

With a lower interest rate, you’ll save money and pay off your car loan faster. It pays to shop for the best car loan rate! The single most important thing you can do to save money on an auto loan is to shop for the best auto loan rate before you set foot in a dealership. By knowing what kind of rate you qualify for before you try to buy a vehicle, you accomplish three things:

  1. You’ll know what kind of car payment you can qualify for
  2. You can focus your negotiations with the dealer on the vehicle price rather than on the financing
  3. You won’t end up getting stuck in a higher cost loan than you can qualify for

As you shop around for financing on a new or used vehicle, keep in mind the following factors that will affect your payment:

Length of loan:

Many buyers are opting for car loans that are five years or longer. Experian notes that in the last quarter of 2012, the average car loan length was 65 months. That’s almost five and a half years! The advantage of a longer car loan is that your payments will be lower. The disadvantage is that you may be “upside down,” – you owe more than the vehicle is worth – for a longer period of time.


A larger down payment will reduce the amount you borrow and may make it easier to qualify for a better car loan rate. If you haven’t saved much for a down payment, you may be able to sell your current vehicle and use that money toward the down payment, or trade in your current vehicle to reduce the price of the car or truck you are buying. But if you are short on cash, don’t panic. Not all lenders will require a down payment.

Credit score:

Your credit score will be used to help determine the interest rate you’ll pay. But just because you have less than perfect credit, that doesn’t mean you can’t get a decent rate. The credit score that an auto lender uses may be somewhat different than the score you see if you get your own credit so don’t get too hung on up the number.

Refinance Auto Loans

Is your current auto loan rate higher than the rates you see in the loan rate comparison table above? If so, you may want to refinance your car loan. If you can get a lower rate, you’ll save money and you may be able to pay off your loan faster, too. Another option is to extend your loan term to make your payments more affordable. It’s easy. Just choose refinance from the options above and apply to see if you qualify for an auto loan refinance.

Bad Credit Auto Loans

If you have credit problems and need to buy a car or truck, you may be tempted to just use a Buy Here Pay Here (BHPH) car dealer that advertises it makes bad credit car loans. With one of these arrangements, the dealership arranges the financing and usually you make your payments to the dealer rather than a third-party lender like a bank or credit union.

Before you go this route, make sure you try to get preapproved for a car loan online or with a local financial institution. If you can get financing elsewhere then you’ll have more freedom to shop for the best deal on your car from a variety of sources, rather than limiting yourself to the cars available at that dealership. And when you do find a car or truck you like, you’ll be able to try to get the price down, rather than taking whatever they offer you.

Keep in mind that even if you are offered a high-rate auto loan online or through your bank or credit union, you can always ask the dealer to beat that rate – after you have negotiated the price for the vehicle you want.

Protect Your Credit When Auto Loan Shopping

Every time a lender checks your credit or requests your credit score, that fact will be noted on one or more of your credit reports as an “inquiry.” Your credit score can drop as a result. The good news is that most credit scoring models will ignore recent auto-related inquiries, and will count multiple inquiries from auto loan applications in a short period of time as one. To protect your credit, it’s best to shop for an auto loan in a focused period of time: two weeks or less is best to be safe.

-APR = Annual Percentage Rate. Rates based on credit worthiness and are subject to change without notice. Your actual rate and monthly payment may vary. Must be 18 years of age or older to apply. Loans subject to credit approval and could be subject to credit union membership.

* IMPORTANT NOTE FROM LOANONDEMAND: is not a lender. The above offers are provided by third-parties from whom receives compensation. will not call you about any loan application resulting from the above offers, and will not ask you over the phone, via email or otherwise for financial information or other sensitive personal data.

REMEMBER never to share any financial information or other sensitive personal data over the phone or via email without independently confirming the identity of the company calling first!

† Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). It is this compensation that enables to provide you with services like free access to your credit scores at no charge. strives to provide a wide array of offers for our members, but our offers do not represent all financial services companies or products.

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New Car Loan

LoanOnDemand offers a new car loan at fair interest rates and adjustable repayment terms. Fast,personalized service and absolute transparency in new car loans.

Used Car Loan

LoanOnDemand offers used car loans at fair interest rates and adjustable repayment terms. Get approved for a loan and then choose a car that fits your budget.

Loan Against Car

With no income documents required, getting a loan couldn’t get any easier. LoanOnDemand offers a car loan at basic interest rates and flexible EMI for repayment.

Other Loan

LoanOnDemand also grants different loans like Home loans, Personal loans, Business loans, Student loans, Title loans and Payday loans at a fair rate of interest and flexible EMI. For more details, you can browse through our loan products.

Frequently Ask Questions

Helping you understand our auto loan programs.

Yes. With auto refinance you could pay off your existing car note and replace it with a more affordable auto loan. Our auto refinancing options might reduce your current payment and could even give you cash back.


How would it feel to shop for your next car with an approval in hand before you arrive at the dealership? Once approved, your auto financing is already taken care of before you even step foot in a dealership.

Yes. You may choose to pay off your auto loan in full at any time. Please note that if you select this option and for any reason your payment does not clear will continue to accrue and the total amount due will increase.

Yes. We finance and service new and used auto loans for customers with all types of credit.  We’ve helped thousands of customers purchase quality cars, or refinance the ones they currently own.

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