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Carbon Offset Car Loan

SpecialOffset your car’s carbon emissions for the life of the loan 
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Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Carbon Offset Car Loan Pros and Cons

Pros:
  • No ongoing fees
  • No early exit penalty
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons:
  • Application fee charged
  • Requires security to be held
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Bank Australia Carbon Offset Car Loan Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$150
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Borrowing range
Borrowing range
$1k - $100m
Total Repayments
Total Repayments
$35,160
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$150
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Borrowing range
Borrowing range
$1k - $100m
Total Repayments
Total Repayments
$35,160
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Other Benefits
Application fee is waived if vehicle has a 5 star ANCAP rating or 7+ star greenhouse rating
Other Restrictions
car age up to 7 years old
  • Special Offset your car’s carbon emissions for the life of the loan

Bank Australia offers customers a competitive car loan rate, with appealing features such as the ability to make extra repayments without penalty. They are a 100% customer owned, responsible bank. If you’re looking to make a positive environmental impact, Bank Australia will offset your car’s carbon emissions for the life of the loan.

FAQs

There are four different ways you can get a car loan. You can go straight to a lender. You can get a finance broker to organise a car loan for you. You can get ‘dealer finance’ – which is when the car dealer organises a car loan for you. Or you can organise your own car loan through a comparison website, like RateCity.

Whichever method you choose, you will need to provide proof of identification, proof of income and proof of savings. So you may be asked for any combination of passport, driver’s licence, bank statements, payslips, tax returns and utility bills. You might also be asked to provide proof of insurance.

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