Secured Car Loan
- $10k to $100k
- 3 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
8.99%
Comparison rate* p.a.
9.33%
Secured Car Loan
- $10k to $100k
- 3 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
8.99%
Comparison rate* p.a.
9.33%
RateCity says
"Secure this fixed rate car loan with a new or used vehicle, and enjoy flexible repayment options."
Calculate your repayments for this loan
$
Your estimated repayment
$934
based on 45000 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
$56,034
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).
