Important disclosure

Bank First - Victoria Teachers Limited

Used Car Loan

Real Time Rating™

  • From $5k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.79%

p.a

Comparison Rate*

12.15%

p.a

Real Time Rating™
Tags
  • From $5k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.79%

p.a

Comparison Rate*

12.15%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$649

based on $30,000 loan amount for 5 years at 10.79%

Pros and cons

For Used 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

  • Cannot apply in branch

Bank First Rate Car loan overview

For Used Car Loan

Details

Total repayments

Interest rate type

Variable

Borrowing range

$5k - $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

Promotional interest rates available for car loan applications received by 30 June 2021 and funded by 31 July 2021.

Promoted car loans

Promoted

Lower Rate

Car Loan (Car > 5 Years)

Real Time Rating™
  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

9.74%

p.a

Comparison Rate*

9.95%

p.a

Promoted

Secured

Used Car Loan (Car < 10 Years)

Real Time Rating™
  • $1k to $80k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.70%

p.a

Comparison Rate*

11.35%

p.a

Promoted

Generic

New Car Loan

  • Via broker
  • $10k to $250k
  • 1 to 7 years
  • Fixed Rate
Interest Rate

From

6.52%

p.a

up to 18%

Comparison Rate*

From

6.95%

p.a