No Deposit Car Loans

Yes, obtaining a car loan without a deposit is common practice in Australia for both personal and commercial borrowers. Known as a 100% Loan-to-Value Ratio (LVR) loan, this finance structure allows you to borrow the complete purchase price of the vehicle without putting forward any upfront cash.

Because the lender assumes higher risk when funding the total vehicle cost, they place closer scrutiny on your serviceability and credit file. Demonstrating steady income, a stable employment history, and low ongoing living expenses or existing debt commitments will substantially improve your chances of unconditional approval and help secure a lower comparison rate.

Depending on the lender, you can often bundle additional upfront expenses—such as registration, stamp duty, dealer delivery charges, and first-year comprehensive insurance—into the total financed amount. Keep in mind that borrowing 100% of the asset's value will result in higher monthly repayments and greater total interest charges over the term than if you contributed equity upfront.

A Lonix broker can compare options across a broad panel of Australian bank and non-bank lenders to identify suitable no-deposit finance products and correctly structure your application to suit your financial circumstances.