Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$59
based on $3,000 loan amount for 5 years at 6.99%
Pros and cons
For Secured New Car Loan
Benefits
- Lower than average rate
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
Drawbacks
- Limited to new cars
Bank of us Rate Car loan overview
For Secured New Car Loan
Details
Total repayments | Interest rate type Variable |
Borrowing range $3k - $80k | Security type Secured |
Loan term 0.5 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Age of car up to 2 years | Target Market Determination Visit Bank of us 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 $200 | Ongoing Fee $0 |
Missed Payment Penalty $40 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
car age up to 2 years old