Important disclosure
New Car Loan
Interest Rate
7.69%
p.a
Comparison Rate*
7.90%
p.a
7.69%
p.a
7.90%
p.a
Calculate your repayments for this loan
Your estimated repayment
$604
based on $30,000 loan amount for 5 years at 7.69%
Pros and cons
For New Car Loan
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
- Limited to new cars
- Cannot apply in branch
Gateway Bank Rate Car loan overview
For New Car Loan
Details
Total repayments $36,231 | Interest rate type Variable |
Borrowing range $3k - $75k | 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 1 years | 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 |
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