About 360 Finance
360 Finance is an Australian broker, specialising in car finance. 360 Finance matches borrower needs with affordable rates from a variety of different lenders, whether you’re looking for a car loan for personal or business purposes, or a personal loan to purchase a motorbike, boat or caravan. 360 Finance operates online, and can be contacted via email or phone.
Features of a 360 Finance Car Loan
While 360 Finance can help you select a car loan from a variety of options, the Advantage Car Loan from 360 Finance is another quick and simple method to pay for a car. This secured car loan with a fixed below average interest rate can be used to finance a new or used car purchase. However, it’s important to remember that ongoing and upfront fees apply, along with penalty fees for missed repayments and for making an early exit from the loan.
Finance from an Advantage Car Loan from 360 Finance starts at $30,000, with the option available to make extra repayments and reduce your interest charges.
Customer service
- Customer service centre (phone)
- Online
Pros:
- Lower than average interest rate
- New or used car
- Can apply online
Cons:
- Application fee charged
- Ongoing monthly fee charged
- Can’t apply in branch
- Requires security
What RateCity says
The Advantage Car Loan from 360 Finance can be used for new or used car purchases. The interest rate is lower than the market average, even compared to other secured car loans. This fixed interest rate helps to keep your repayments stable and consistent for the full term of the loan, for simpler budgeting. In addition to the interest charges, you’ll need to account for the loan’s fees when preparing your budget. You can make extra repayments onto your car loan if you choose, which can help to reduce the amount of interest charged on your car loan. However, if you make enough extra repayments to pay off your car loan ahead of schedule, an early exit fee will apply.
Applying/eligibility
To apply for a car loan with 360 Finance, you’ll need to contact the company with your contact details and how much you want to borrow. You’ll need to be at least 18 years old, and have your current employment details available.
