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- New Car Loan
New Car Loan
- $2k to $75k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
6.57%
Comparison rate* p.a.
7.19%
New Car Loan
- $2k to $75k
- 1 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
6.57%
Comparison rate* p.a.
7.19%
RateCity says
"Buying a new car? Make a fast and simple online application today and enjoy no ongoing fees or early repayment fees."
Calculate your repayments for this loan
Your estimated repayment
$392
based on 20000 loan amount for 5 years at 6.57%
Pros and Cons
For New Car Loan
Benefits
- Lower than average rate
- No ongoing fees
- No early exit penalty
- Flexible repayment options
- Can apply online
- Fast time to funding
Drawbacks
- Higher than average application fee
- Limited to new cars
- Cannot apply in branch
OurMoneyMarket Rate Car Loan overview
For New Car Loan
Details
Total repayments
$35,278
Interest rate type
Fixed
Borrowing range
$2k - $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
Target Market Determination
Visit OurMoneyMarket Services Pty Ltd to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
Instant approval
Time to funding
24 hours
Fees
Upfront fee
$250
Ongoing Fee
$0
Missed payment penalty
$35
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Available loan amounts range from $2,001 to $75,000, for loan terms from 1 to 7 years. Comparison rate is based on a $30,000 fixed rate loan over a 5-year term to a borrower with excellent credit. WARNING: this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Establishment fee applies for most borrowers. Credit is subject to OurMoneyMarket's standard terms and conditions and lending criteria. The target market determination for this product is available at ourmoneymarket.com/TMD. OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 holds Australian Credit Licence No. 488228.
How to apply
If you'd like to apply for this product or just get more information, follow the application process on OurMoneyMarket.More details