Car Loans

Flexible car loan solutions, expert advice and car-buying specialists all in one place.

I'm interested in an electric car

We're the first Australian banking group with a specialized electric vehicle buying service that helps you transition to an electric car easily.

I'm financing a new car

Our team is here to help with the search for your new car, organizing your test drives and trading in your old car.

I'm financing a used car

We'll discuss your budget and talk you through your secured car loan options, so you can buy with confidence.

On most car sale sites you can choose to search for cars from dealers or by private sale. Many car buyers believe they can get a better deal at a private car sale than through a dealer, however there is more to consider than just the price.

I'm financing a car for my business

Let us help save your business time on the purchase of a new car and manage your cash flow with a car loan.


Discover your rate

Visit our rates page to learn more. 

Fewer steps, more help

Our dedicated car-buying and finance specialists will help find your car, offer flexible finance solutions and negotiate the car price for you.

Personal service

We'll discuss your budget and talk you through your finance options so you can buy with confidence.

The home of electric vehicles


We’re proud to be the first Australian banking group to offer a specialized electric car-buying service that can help you make the transition to an electric vehicle.

Exisiting Customers

Manage your Account Online

  • With Your Lease, you can access and manage your car loan account details online anytime, anywhere.
  • Log into Your Lease to get your payout figure, manage upcoming payments, request documents and update your details.
  • Alternatively, you can make an account inquiry online.


Upgrading or Refinancing

Existing Customer? Consider an Upgrade or Refinance

  • Don't want to pay out your contract all at once? You may be able to refinance your existing loan with us and keep your current repayment schedule if your final payment exceeds $5,000.
  • Or, if you're looking to upgrade, we'll help you finalize your existing loan and assist you into your new car2.
Car Buying Service

Don't like Negotiating? We can do it for you

  • Take the stress out of negotiating with UMB Vehicle Select our complimentary service to help you buy a car.
  • Our experienced team of car buying specialists can negotiate on your behalf, book test drives and get your trade-in valued. Depending on where you live, we may even be able to deliver your new car, fueled up and ready to go.

You could save thousands on your next vehicle purchase. Ask UMB Vehicle Select.

How to apply

Give us a call on 1800 100 152 to speak with a finance specialist or make an inquiry via the button below.

Apply if you

  • are 18 years old or over,
  • are a permanent resident of Australia

What's next?

  • After you submit your online enquiry, we'll be in touch to provide an indicative quote and we can proceed with your application over the phone.
  • As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated finance specialist.

Frequently Asked Questions

How can i apply for an My Union Masters loan?

To apply for a My Union Masters Car Loan for personal use:

  1. Go to UMB Car Loans
  2. Select Talk to us
  3. Fill out your details and a specialist with contact you within one business day.

As part of the application process, we’ll need to ask for additional information about you and your financial situation.

If you prefer to speak with a car loan specialist, call us on 1800 100 152, 9am to 5pm (Sydney time) Monday to Friday.

Please read our car loan terms and conditions and ask your introducer or a UMB car loan specialist for more information before applying.

Do you offer Car Loans for Used Cars

Yes. We offer loans for new and used cars, SUVs, utes and vans.

For more information, speak to your introducer or contact us on 1800 100 152, 9am to 5pm (Sydney time) Monday to Friday or email

What documents can i request for my Car Loan?

The following documents may be available for your contract depending on your loan type. To help secure your information, we may need to password protect the document. We’ll provide your password to you over the phone or send it to you via SMS.


Payout Letter

This letter includes the payout figure at the time of request to finalise your loan. It includes the amount owed, contract expiry date and payment details. Please note paying out a loan early may incur additional fees and charges.
If you have a YourLease account, log in to get your payout letter.

Consumer Loan statement

A statement includes all transactions made on your Consumer Loan contract, including the breakdown of principal, interest and any fee components. Statements are available for Consumer Loans only.

Interest Amortisation Schedule

This document will provide a payment schedule for the loan term, showing both the principal and interest component of each payment. The interest Amortisation Schedule is only available for Chattel Mortgage and Commercial Hire Purchase.

Contract Summary Letter

This letter provides an overview of your current account status. This includes account information, payment schedule, loan balance and payout figure.

Payment History

A statement reflecting all previous transactions made on your loan account. This document does not provide a breakdown of principal and interest components.

If you have a YourLease account, log in to get your payment history.

Statement of Transactions

A statement of transactions displays all payments made on your contract since its commencement date. This is only available for certain Finance Leases (e.g. those that are not currently under a novation agreement or externally managed).

Copy of contractA copy of your original contract.
Residual value /
Balloon letter
A letter specifying the residual value or balloon amount payable on your contract, the payment due date and payment details.
Payout Breakdown Letter

Consumer Loan

A document that will show the breakdown and calculation of your current payout figure on a Consumer Loan. These components will include your Principal Balance, Accrued Interest and an Early termination fee if applicable.

Commercial Loan

A document that will show the calculation of your current payout figure on a commercial loan. The payout figure is calculated as the present value of the sum of the following plus GST where applicable. The early termination rate/discount rate (as per the contract) is used to calculate the present value.

  • Any and all amounts in arrears (if any); plus
  • The present value of the remaining instalments which haven’t yet become due under the contract; plus
  • The present value of the residual value or balloon; plus
  • Any fees and charges payable on termination.
Letter of Authority form

Complete this form if you want to authorise a third party to act on your behalf in relation to your car loan. Once completed, please send it to

A third party may be authorised for Full Authority, Payout Only or Payment information. A description of each level of access is outlined below:

Full Authority
Full authority will grant access to all personal and account information and allow the authorised person to negotiate and agree on your behalf. Furthermore, the authorised party will be allowed to incur fees on your behalf.

Payout only
This will allow the party to obtain payout information only which includes: residual value amount, balloon payment or payout due dates and amounts only.

Payment info

This will allow the authorised party to obtain information relating to the frequency, due dates, amounts of repayments and end of finance payments.

Direct debit formComplete this form  if you want to update your direct debit details. If you’ve entered your contract through Esanda, please complete the Esanda form . Once completed, please send it to

New clients

Monday to Friday 9am – 5pm (Sydney time)

Existing clients

Monday to Friday 8am – 7pm (Sydney time)

Help and support

Visit our online Help Centre.

Additional information

This information has been prepared by My Union MastersBank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Lending criteria, fees and T&Cs apply.

Government Guarantee: The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including My Union Masters Bank, of up to $250,000. In September 2011 the Australian Government announced a number of changes to the Financial Claims Scheme (Government Guarantee). From 1 February 2012, a guarantee cap of $250,000 per account holder per institution will apply, subject to the continued advice of financial regulators that this remains appropriate. Further information about the Government Guarantee can be obtained from the APRA website at

Apple, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Android, Google Pay, Google Chrome and the Google Logo are trademarks of Google LLC.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Our internet banking platform has won a Mozo Experts Choice Award in the Internet Banking category for 2019/2020.