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- Fixed Car Loan (New)
Fixed Car Loan (New)
- From $1k
- 0 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
7.95%
Comparison rate* p.a.
8.16%
Fixed Car Loan (New)
- From $1k
- 0 to 7 years
- Fixed Rate
- Secured
Interest rate p.a.
7.95%
Comparison rate* p.a.
8.16%
Calculate your repayments for this loan
$
Your estimated repayment
$405
based on 20000 loan amount for 5 years at 7.95%
Pros and Cons
For Fixed Car Loan (New)
Benefits
- No ongoing fees
- Lower than average application fees
- No early exit penalty
- Flexible repayment options
- Can apply online
- Can apply in branch
Drawbacks
- Limited to new cars
Bank Australia Rate Car Loan overview
For Fixed Car Loan (New)
Details
Total repayments
$36,454
Interest rate type
Fixed
Borrowing range
$1k - $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
up to 5 years
Target Market Determination
Visit Bank Australia Limited to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
Instant approval
Time to funding
N/A
Fees
Upfront fee
$150
Ongoing Fee
$0
Missed payment penalty
$15
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Bank Australia may provide a Low Emission Vehicle pricing benefit if the car is Pure Electric, Plug In Hybrid Electric, Regenerative Hybrid or the internal combustion engine produces less than 125 g / km Tailpipe C02 (g/km)
