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- Car Loan
Car Loan
- $5k to $80k
- 0 to 7 years
- New or used car
- Variable Rate
Interest rate p.a.
6.95%
Comparison rate* p.a.
7.26%
Car Loan
- $5k to $80k
- 0 to 7 years
- New or used car
- Variable Rate
Interest rate p.a.
6.95%
Comparison rate* p.a.
7.26%
Calculate your repayments for this loan
$
Your estimated repayment
$593
based on 30000 loan amount for 5 years at 6.95%
Pros and Cons
For Car Loan
Benefits
- Lower than average rate
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Suitable for both new or used car
Drawbacks
- Higher than average application fee
Geelong Bank Rate Car Loan overview
For Car Loan
Details
Total repayments
$35,600
Interest rate type
Variable
Borrowing range
$5k - $80k
Security type
Secured
Loan term
0 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 Geelong 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
$220
Ongoing Fee
$0
Missed payment penalty
$30
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Must be a Geelong Bank member to take out loan. Personal loan rate applies if vehicles are >5 years old.
