Important disclosure
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