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- New Car Loan
New Car Loan
- From $10k
- 0 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
9.79%
Comparison rate* p.a.
10.07%
New Car Loan
- From $10k
- 0 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
9.79%
Comparison rate* p.a.
10.07%
Calculate your repayments for this loan
$
Your estimated repayment
$634
based on 30000 loan amount for 5 years at 9.79%
Pros and Cons
For New 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
- Limited to new cars
- Cannot apply in branch
Bank First Rate Car Loan overview
For New Car Loan
Details
Total repayments
$38,059
Interest rate type
Variable
Borrowing range
$10k - $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
Discounted rate for car loan applications received by 30 June 2021 and funded by 31 July 2021
