Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$649
based on $30,000 loan amount for 5 years at 10.79%
Pros and cons
For Used Car Loan
Benefits
- No ongoing fees
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
Drawbacks
- Cannot apply in branch
Bank First Rate Car loan overview
For Used Car Loan
Details
Total repayments $38,948 | Interest rate type Variable |
Borrowing range $5k - $100m | Security type Secured |
Loan term 0 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Age of car | Target Market Determination Visit Bank First - Victoria Teachers Limited 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 $195 | Ongoing Fee $0 |
Missed Payment Penalty $20 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
Promotional interest rates available for car loan applications received by 30 June 2021 and funded by 31 July 2021.