Enquire Online

We'll get back to you in 4 business hours!

  • This field is for validation purposes and should be left unchanged.

Win-Win For Employees and Employers

The benefits of a novated lease work for both employee and employer to create the best of both worlds.

As an employee, you can take advantage of pre-tax salary packaging and regular new or used vehicle upgrades. We’ve added in some money-saving benefits too, so you can increase your financial flexibility. As an employer, you won’t need to tie up cash flow in a depreciating asset, and could claim a portion or even the whole amount of GST as a tax deduction. Win-win!

Why Choose a Mortgage House Car Loan?

Take a month off

Need to pay insurance or update your rego? Easy. With the flexibility of our fail-safe redraw facility, when you’ve made enough extra repayments to cover your next month's payment, you can take a month off!

Borrow more

Borrow more than the price of the car to help cover expenses like insurance and on-road costs, so you or your employees can get on the road faster.

24-hour approvals

When you have all your documents and your application ready to go, we won’t hold you up - you may be eligible to secure a car purchase the same day as you apply.

Bundle and save even more

Our customers benefit from discounted low rates on bundle deals, and you can too. When you take out a novated lease, we can offer great discounts on our home loans if you're looking to refinance or purchase a new home.

Novated Lease FAQs

Am I eligible for a Novated Lease loan?

There can be different requirements if you want to apply for a car loan, depending on your circumstances. Our car loan is available to anyone with a home loan. If you can demonstrate that you’ve been regularly paying off a home loan with any lender, then you automatically satisfy the initial requirements needed for a Mortgage House personal car loan. Existing Mortgage House customers can also skip a lot of the paperwork required and enjoy a faster approval process.

What do I need when applying?

Already With Us?


  • Last pay slip if your salary is not paid directly into the loan or Offset Account
  • Invoice for car purchase


  • Last years tax returns for individuals and business
  • Invoice for car purchase


New To Mortgage House?


  • High resolution proof of identification
  • Proof of employment
  • Invoice for car purchase


  • Last 2 years tax returns for individuals and business
  • Latest annual tax assessment notices
  • Invoice for car purchase

How much can I borrow?

Car loans of up to $100,000 are available with no minimum loan size and a maximum loan term of 10 years.

What are the advantages of a Novated Lease?

A Novated Lease suitable for business owners and employees who enter into a salary packaging arrangement to help the employee fund the car from pre-tax income. The main benefit are the tax benefits that can be claimed because it reduces your taxable income. As an employer, you don’t need to provide a company car as the employee owns the vehicle and it also gives them a choice of vehicle

Am I eligible for Business Vehicle Finance?

We have two types of Business Vehicle Finance options available. The first one is a Car Hire Lease which is suitable for the self-employed who use their car for work a lot. The second option is a Novated Lease suitable for business owners and employees who enter into a salary packaging arrangement to help the employee fund the car from pre-tax income. The main benefit of both options are the tax benefits that can be claimed. You may be eligible for business vehicle finance if you fall in these categories.

What are the benefits of a car loan?

There are many benefits of taking on our Car Loan. The main benefit being that it gives you access to the funds you need to buy the car of your choice without having to wait. You can borrow up to $50,000 and have a set period to pay off your loan with regular repayments. You may even be able to enjoy tax benefits if you’re using your car of business purposes.

Can I pay off a car loan quicker?

Yes you can make unlimited extra payments directly into your loan and pay it down quickly and save on interest. This is also a good way to build up savings for a rainy day. You can access the extra payments using the redraw facility. Direct salary crediting into your loan offset account is another way to save money because that way you only pay interest on the difference between the balance in your offset account and your loan amount.

Is a car loan right for me?

Whether you’re looking to buy your first car or upgrade to a newer, more safer and economical model, you may not have ready cash to buy a car outright. That’s where a car loan may work for you. It allows you to own your car now and pay it off over a set period of time with regular repayments. We also have different car loan options for personal use and business use so you can choose the one that’s right for you.

What should I consider when applying for a car loan?

Think about the purpose of your car loan. Is it for your personal use, for business purposes or part of a salary packaging arrangement with your employer. This will help you determine if you require a car loan or a novated car loan. Review all your options before deciding on the loan that’s right for your needs.

Can I increase my Car Loan repayments?

Yes, our Car Loan gives you the flexibility to make unlimited extra payments above the minimum required repayments, without any penalties. In fact, it’s one of the easiest ways to pay off your loan sooner. When you’ve got spare cash or receive lump sum payments like a work bonus or tax refunds it may be a smart move to direct it towards your loan and pay it off sooner and save on interest payable.

What if I’m self-employed and am unable to provide payslips?

We understand that when you’re self-employed, meeting some of the asset and income criteria like producing payslips can be challenging. Depending on your circumstances, you can still apply for a Car Loan. If you have a good credit history and can demonstrate that you’re keeping up with repayments, a letter from your accountant may help you get around providing conventional proof of income. Speak to us to find out the options available.

Can I get a car loan if I have defaults?

Talk to us about why you’ve missed making payments and we can review your situation and be able to help. Generally, missing one or two payments won’t prevent you from getting a personal loan. It will likely keep you from qualifying for the lowest rate and terms though.

Benefits of Being a Mortgage House Customer

  • Quick and easy application process with less paperwork needed
  • Unlimited and free redraws of additional repayments
  • Variable and Fixed Rates with no penalties on fixed rate loans
  • Innovative online services designed to assist you

Thinking About a Home Loan?

Looking at refinancing your home loan to get a better deal? Our super-low home loan rates and money-saving features could lower your monthly repayments and give you more financial flexibility.


Our Home Loans Start From:

% p.a
Variable Rate
% p.a
Variable Rate

Things to Consider When Buying a Car

Which car suits your needs?

Do you want to get a brand-new or used car? Do you have a large family to accommodate? Buy the car that best suits your needs and your budget. Making a list of all the features you need in your car may help you decide. Do your research so you know what to expect in terms of value 
for money.

How much can you afford?

It’s a good idea to do the numbers and see how much you can spare each month to put towards a loan and car maintenance. This will help you determine a budget for your car purchase.

Get the right finance

Mortgage House can finance 100% of your car loan without a deposit. With competitive low interest rates and loan features that can help you pay off the loan faster, you could be in your new car and on the road sooner than you think.

Ongoing costs

Besides the general costs like petrol and CTP insurance, every make and model of car will have a different set of ongoing expenses. When choosing your car, consider the cost of maintenance such as servicing and tyre replacement.