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Car Loan (New)

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I want to borrow

Loan Term

years

Repayment Frequency

Car Loan Pros and Cons

Pros:
  • Features a low rate
  • No ongoing fees
  • No early exit penalty
  • Can apply online
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons:
  • Application fee charged
  • Requires security to be held
  • Cannot apply in branch

loans.com.au Car Loan Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$400
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Borrowing range
Borrowing range
$5k - $100k
Total Repayments
Total Repayments
$33,960
Missed Payment Penalty
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$400
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Borrowing range
Borrowing range
$5k - $100k
Total Repayments
Total Repayments
$33,960
Missed Payment Penalty
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Other Benefits
Early exit penalty fee waived in the last 12 months of loan term
Other Restrictions
Car Loan is not for private car sales.

FAQs

There are four different ways you can get a car loan. You can go straight to a lender. You can get a finance broker to organise a car loan for you. You can get ‘dealer finance’ – which is when the car dealer organises a car loan for you. Or you can organise your own car loan through a comparison website, like RateCity.

Whichever method you choose, you will need to provide proof of identification, proof of income and proof of savings. So you may be asked for any combination of passport, driver’s licence, bank statements, payslips, tax returns and utility bills. You might also be asked to provide proof of insurance.

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