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- Car Loan
Car Loan
- $15k to $100k
- 1 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
10.99%
Comparison rate* p.a.
11.24%
Car Loan
- $15k to $100k
- 1 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
10.99%
Comparison rate* p.a.
11.24%
Calculate your repayments for this loan
$
Your estimated repayment
$435
based on 20000 loan amount for 5 years at 10.99%
Pros and Cons
For Car Loan
Benefits
- No ongoing fees
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Redraw facility
- Flexible repayment options
- Can apply online
- Suitable for both new or used car
Drawbacks
- Cannot apply in branch
First Option Bank Rate Car Loan overview
For Car Loan
Details
Total repayments
$39,127
Interest rate type
Fixed
Borrowing range
$15k - $100k
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 7 years
Target Market Determination
Visit First Option Credit Union Limited to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $10
Instant approval
Time to funding
N/A
Fees
Upfront fee
$175
Ongoing Fee
$0
Missed payment penalty
$0
Early exit penalty fee
$0
