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Secured Car Loan

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I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Has ongoing fees
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Bankwest Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$299
Early Exit Penalty Fee
Early Exit Penalty Fee
Fee Applies
Borrowing range
Borrowing range
$10k - $100k
Total Repayments
Total Repayments
$36,480
Missed Payment Penalty
Missed Payment Penalty
$25
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
$299
Early Exit Penalty Fee
Early Exit Penalty Fee
Fee Applies
Borrowing range
Borrowing range
$10k - $100k
Total Repayments
Total Repayments
$36,480
Missed Payment Penalty
Missed Payment Penalty
$25
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 Restrictions
Car value greater than $10000 or car age up to 7 years old. Early repayment fee applies if you close the loan within the first 2 years: $250 (within the first 12 mths) or $100 (13 to 24 months).

FAQs

There are multiple lenders who are willing to provide loans secured by guarantors.

If someone is willing to go guarantor for you and they meet the requirements set out by lenders, you can apply for guarantor finance online, over the phone, or in person.

Some banks also provide guarantor car loans, though because they’re larger banks, they may have higher interest rates than smaller lenders.

You may want to compare guarantor car loans at RateCity, and find a guarantor car loan ideal for your purposes.

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