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- Secured New Car Loan
Secured New Car Loan
- $3k to $80k
- 0.5 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
6.99%
Comparison rate* p.a.
7.27%
Secured New Car Loan
- $3k to $80k
- 0.5 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
6.99%
Comparison rate* p.a.
7.27%
Calculate your repayments for this loan
$
Your estimated repayment
$59
based on 3000 loan amount for 5 years at 6.99%
Pros and Cons
For Secured New Car Loan
Benefits
- Lower than average rate
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
Drawbacks
- Limited to new cars
Bank of us Rate Car Loan overview
For Secured New Car Loan
Details
Total repayments
Interest rate type
Variable
Borrowing range
$3k - $80k
Security type
Secured
Loan term
0.5 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
up to 2 years
Target Market Determination
Visit Bank of us to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $0
Instant approval
Time to funding
N/A
Fees
Upfront fee
$200
Ongoing Fee
$0
Missed payment penalty
$40
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
car age up to 2 years old
