Important disclosure

Police Bank

Driveaway Car Loan Fixed

Real Time Rating™

  • $5k to $120k
  • 1 to 7 years
  • New or used car
  • Fixed Rate
Interest Rate

6.99%

p.a

Comparison Rate*

7.13%

p.a

Real Time Rating™
Tags
  • $5k to $120k
  • 1 to 7 years
  • New or used car
  • Fixed Rate
Interest Rate

6.99%

p.a

Comparison Rate*

7.13%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$20

based on $1,000 loan amount for 5 years at 6.99%

Pros and cons

For Driveaway Car Loan Fixed

Benefits

  • Lower than average rate
  • No ongoing fees
  • Application fees ranked in the lowest 20%
  • No early exit penalty
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Suitable for both new or used car

Police Bank Rate Car loan overview

For Driveaway Car Loan Fixed

Details

Total repayments

Interest rate type

Fixed

Borrowing range

$5k - $120k

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 7 years

Target Market Determination

Visit Police Bank to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$98

Ongoing Fee

$0

Missed Payment Penalty

$10

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Other Restrictions

Car age up to 7 years old

Promoted car loans

Promoted

Lower Rate

Used Car Loan (Car < 10 Years)

Real Time Rating™
  • $1k to $80k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.70%

p.a

Comparison Rate*

11.35%

p.a

Promoted

Secured

Drive Away Car Loan

Real Time Rating™
  • $1k to $75k
  • 0 to 10 years
  • Variable Rate
  • Secured
Interest Rate

10.50%

p.a

Comparison Rate*

10.54%

p.a

Promoted

Generic

New Car Loan

Real Time Rating™
  • $1k to $150k
  • 1 to 7 years
  • Fixed Rate
  • Secured
Interest Rate

7.24%

p.a

Comparison Rate*

7.84%

p.a