Car loans from hell How to avoid the traps
Whilst there are some great promotional deals on the market, there are some precautions you can take to avoid being stuck with the car loan from hell.
$5k to $100k
monthly over 5 years
Missed Payment Penalty
Redraw Activation Fee
Secured By Vehicle
Early Exit Penalty Fee
Available to 457 Visa Holders
$5k - $100k
Early exit penalty fee waived in the last 12 months of loan term
Car Loan is not for private car sales. Car age up to 4 years old.
Loans.com.au provides car loans for vehicles bought privately, through a dealership or an auction. Car loan applications are approved within 24 hours. Loan terms are either three, four or five years. Borrowers can choose to reduce their regular repayments by paying a one-off lump sum at the end of the loan. This ‘balloon payment’ typically totals 20-50 per cent of the loan value. Loans.com.au also offers home loans. It is an online-only non-bank lender, and is known for consistently offering interest rates that are below the market average.