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- Secured Car Loan
Secured Car Loan
- $4k to $100k
- 1 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
6.99%
up to 13.49%
Comparison rate* p.a.
8.40%
Secured Car Loan
- $4k to $100k
- 1 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
6.99%
up to 13.49%
Comparison rate* p.a.
8.40%
Calculate your repayments for this loan
$
Your estimated repayment
$594
based on 30000 loan amount for 5 years at 6.99%
Pros and Cons
For Secured Car Loan
Benefits
- Lower than average rate
- No early exit penalty
- Flexible repayment options
- Can apply online
- Can apply in branch
- Suitable for both new or used car
Drawbacks
- Service fee charged
- Higher than average application fee
- Extra repayments limited $1000
Commonwealth Bank Rate Car Loan overview
For Secured Car Loan
Details
Total repayments
$35,634
Interest rate type
Fixed
Borrowing range
$4k - $100k
Security type
Secured
Loan term
1 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
up to 5 years
Target Market Determination
Visit Commonwealth Bank of Australia to view Target Market Determination.
Features
Extra repayments
Yes - limited to $1,000 per year
Redraw facility
Instant approval
Time to funding
N/A
Fees
Upfront fee
$250
Ongoing Fee
$15 Monthly
Missed payment penalty
$20
Early exit penalty fee
Fee Applies
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Early exit fees may apply.
