Important disclosure
New Car Loan Fixed
Interest Rate
5.99%
p.a
Fixed
Comparison Rate*
6.20%
p.a
Fixed
5.99%
p.a
Fixed
6.20%
p.a
Fixed
Calculate your repayments for this loan
Your estimated repayment
$580
based on $30,000 loan amount for 5 years at 5.99%
Pros and cons
For New Car Loan Fixed
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
Drawbacks
- Limited to new cars
Horizon Bank Rate Car loan overview
For New Car Loan Fixed
Details
Total repayments $34,791 | Interest rate type Fixed |
Borrowing range $5k - $100m | Security type Secured |
Loan term 0 to 5 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Age of car | Target Market Determination Visit Horizon 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 $150 | Ongoing Fee $0 |
Missed Payment Penalty $30 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
After fixed rate of 5.99%, variable rate of 6.29% applies
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