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My First Car Loan

BankVic

Borrowing Amount
Loan term
Advertised Rate7.99%fixed
Comparison Rate8.12%
Monthly Repayment$608
Loan amount$3k to $100k
Pros
  • No ongoing fees
  • No early exit penalty
  • Can apply online
  • Can apply in branch
Cons
  • Application fee charged
  • Requires security to be held

Suitable For

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat

Loan Fees

Upfront Fee
Upfront Fee$90
Ongoing Fee
Ongoing Fee$0
Early Exit Penalty Fee
Early Exit Penalty Fee$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation FeeN/A

Loan Profile

Repayment Type
Repayment TypeFixed
Loan Type
Loan TypeSecured
Secured by vehicle
Secured by vehicle
View Repayment Schedule

Features Flexibilities

Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Other Benefits
Other Benefits
Other Restrictions
Other Restrictionsmust be aged between 18 and 25 years.
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