Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$29
based on $1,500 loan amount for 5 years at 6.49%
Pros and cons
For Car Loan - Fixed
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
Heritage Bank Rate Car loan overview
For Car Loan - Fixed
Details
Total repayments | Interest rate type Fixed |
Borrowing range $5k - $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 Heritage Bank, a trading name of Heritage and People’s Choice Limited 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 $250 | Ongoing Fee $0 |
Missed Payment Penalty $30 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |