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  4. Used Car Loan Fixed

Used Car Loan Fixed

  • From $5k
  • 5 years
  • Fixed Rate
  • Secured

Interest rate p.a.

10.79%

Comparison rate* p.a.

12.16%

Used Car Loan Fixed

  • From $5k
  • 5 years
  • Fixed Rate
  • Secured

Interest rate p.a.

10.79%

Comparison rate* p.a.

12.16%

Calculate your repayments for this loan

$

Your estimated repayment

$649

based on 30000 loan amount for 5 years at 10.79%

Pros and Cons

For Used Car Loan Fixed

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 Fixed

Details

Total repayments
Interest rate type

Fixed

Borrowing range

$5k - $100m

Security type

Secured

Loan term

5 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

up to 12 years

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