Important disclosure

Driva

Car Loan (Excellent Credit)

  • Via broker
  • $2k to $2m
  • 1 to 7 years
  • New or used car
Interest Rate

From

6.50%

p.a

up to 28%

Comparison Rate*

From

7.74%

p.a

RateCity says

“Choose between a new or used car with this car loan, and avoid ongoing fees.”

Tags
  • Via broker
  • $2k to $2m
  • 1 to 7 years
  • New or used car
Interest Rate

From

6.50%

p.a

up to 28%

Comparison Rate*

From

7.74%

p.a

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

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

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  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

9.74%

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Comparison Rate*

9.95%

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