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Smart Start Car Loan (6 Months Intro)

First Option Credit Union

Borrowing Amount
You must enter a value less than $10k
Loan term
Advertised Rate8.25%variable
Comparison Rate7.21%
Monthly Repayment$612
Loan amount$2k to $10k
Pros
  • No application fees
  • No ongoing fees
  • No early exit penalty
  • Can apply online
Cons
  • Requires security to be held
  • Cannot apply in branch

Suitable For

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

Loan Fees

Upfront Fee
Upfront Fee$0
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 Fee$10

Loan Profile

Repayment Type
Repayment TypeVariable
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 Restrictionsonly for 18 to 24 year olds
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