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- Car Loan (Vehicle < 5 Years)
Car Loan (Vehicle < 5 Years)
- $1k to $250k
- 1 to 7 years
- New or used car
- Variable Rate
Interest rate p.a.
6.90%
Comparison rate* p.a.
7.67%
Car Loan (Vehicle < 5 Years)
- $1k to $250k
- 1 to 7 years
- New or used car
- Variable Rate
Interest rate p.a.
6.90%
Comparison rate* p.a.
7.67%
Calculate your repayments for this loan
$
Your estimated repayment
$593
based on 30000 loan amount for 5 years at 6.90%
Pros and Cons
For Car Loan (Vehicle < 5 Years)
Benefits
- Lower than average rate
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Suitable for both new or used car
Drawbacks
- Service fee charged
- Cannot apply in branch
Defence Bank Rate Car Loan overview
For Car Loan (Vehicle < 5 Years)
Details
Total repayments
$35,557
Interest rate type
Variable
Borrowing range
$1k - $250k
Security type
Secured
Loan term
1 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
up to 5 years
Target Market Determination
Visit Defence Bank 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
$150
Ongoing Fee
$10 Monthly
Missed payment penalty
$0
Early exit penalty fee
$0
