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- Horizon Bank
- New Car Loan Fixed
New Car Loan Fixed
- 2024 Award Winner
- From $5k
- 0 to 5 years
- Fixed Rate
- Secured
Interest rate p.a.
6.39%
Comparison rate* p.a.
6.61%
New Car Loan Fixed
- 2024 Award Winner
- From $5k
- 0 to 5 years
- Fixed Rate
- Secured
Interest rate p.a.
6.39%
Comparison rate* p.a.
6.61%
Calculate your repayments for this loan
$
Your estimated repayment
$390
based on 20000 loan amount for 5 years at 6.39%
Pros and Cons
For New Car Loan Fixed
Benefits
- Lower than average rate
- No ongoing fees
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Winner of Best New Car Loans, RateCity Gold Awards 2024
Drawbacks
- Limited to new cars
Horizon Bank Rate Car Loan overview
For New Car Loan Fixed
Details
Total repayments
$35,126
Interest rate type
Fixed
Borrowing range
$5k - $100m
Security type
Secured
Loan term
0 to 5 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
Target Market Determination
Visit Horizon Bank 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
$150
Ongoing Fee
$0
Missed payment penalty
$30
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
After fixed rate of 5.99%, variable rate of 6.29% applies
