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Secured Loan

Bankwest

Borrowing Amount
Loan term
Advertised Rate7.99%fixed
Comparison Rate8.76%
Monthly Repayment$608
Loan amount$10k to $100k
Pros
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons
  • Monthly fee charged
  • 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$299
Ongoing Fee
Ongoing Fee$5

monthly

Early Exit Penalty Fee
Early Exit Penalty FeeFee Applies
Missed Payment Penalty
Missed Payment Penalty$25
Redraw Activation Fee
Redraw Activation FeeN/A

Loan Profile

Repayment Type
Repayment TypeFixed
Loan Type
Loan TypeSecured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
View Repayment Schedule

Features Flexibilities

Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Other Benefits
Other Benefits
Other Restrictions
Other Restrictionscar value greater than $10000 or car age up to 7 years old
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