Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$726
based on $35,000 loan amount for 5 years at 8.99%
Pros and cons
For Secured Car Loan
Benefits
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
- Suitable for both new or used car
Drawbacks
- Service fee charged
Bankwest Rate Car loan overview
For Secured Car Loan
Details
Total repayments $43,582 | Interest rate type Fixed |
Borrowing range $10k - $100k | Security type Secured |
Loan term 3 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Age of car up to 7 years | Target Market Determination Visit Bankwest 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 $0 | Ongoing Fee $5 Monthly |
Missed Payment Penalty $25 | Early Exit Penalty Fee Fee Applies |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
Government fees apply. 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).