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  4. Car Loan (Car > 5 Years)

Car Loan (Car > 5 Years)

  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured

Interest rate p.a.

9.74%

Comparison rate* p.a.

9.95%

Car Loan (Car > 5 Years)

  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured

Interest rate p.a.

9.74%

Comparison rate* p.a.

9.95%

Calculate your repayments for this loan

$

Your estimated repayment

$634

based on 30000 loan amount for 5 years at 9.74%

Pros and Cons

For Car Loan (Car > 5 Years)

Benefits

  • No ongoing fees
  • Application fees ranked in the lowest 20%
  • No early exit penalty
  • Unlimited extra repayments
  • Flexible repayment options
  • Can apply online

Drawbacks

  • Cannot apply in branch

Gateway Bank Rate Car Loan overview

For Car Loan (Car > 5 Years)

Details

Total repayments
Interest rate type

Variable

Borrowing range

$3k - $50k

Security type

Secured

Loan term

1 to 5 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

Target Market Determination

Visit Gateway Bank Ltd 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

$149

Ongoing Fee

$0

Missed payment penalty

$0

Early exit penalty fee

$0

Permitted Loan Purposes

New car

Used car

Motorcycle

Boat