Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$587
based on $30,000 loan amount for 5 years at 6.50%
Pros and cons
For Low Rate Car Loan
Benefits
- Lower than average rate
- No ongoing fees
- Flexible repayment options
- Can apply online
- Suitable for both new or used car
- Fast time to funding
- Approval is instant
Drawbacks
- Higher than average application fee
- Cannot apply in branch
Driva Rate Car loan overview
For Low Rate Car Loan
Details
Total repayments $35,219 | Interest rate type Fixed |
Borrowing range $2k - $2m | Security type Secured |
Loan term 1 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Monthly, Fortnightly, Weekly |
Age of car | Target Market Determination Visit Driva to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility |
Instant approval | Time to funding 24 hours |
Fees
Upfront Fee $350 | Ongoing Fee $0 |
Missed Payment Penalty $0 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |