Car Loan (New & Demo Cars)
- Last updated on 02 Jun 2020
Car Loan
A flexible car loan from $5,000 - $50,000 with personalised rates and rewards for strong credit customers.
From
5.19%
Fixed
6.02%
Car Loan
From
4.89%
Fixed
5.44%
$249
$10k to $100k
based on $30,000 loan amount for 5 years
Pros
- No early repayment fees
- Can apply online
Cons
- Application fee charged
- Limited to new cars
- Requires security to be held
- Cannot apply in branch
New Car | Missed Payment Penalty $25 |
Used Car | Redraw Activation Fee N/A |
Motorcycle | Repayment Type Fixed |
Boat | Loan Type Secured |
Upfront Fee $249 | Secured By Vehicle |
Early Exit Penalty Fee $0 | Available to 457 Visa Holders |
Borrowing range $10k - $100k | Redraw Facility |
Total repayments $33,878 | Extra Repayments |
Ongoing Fee $0 |
Upfront fees from $249
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Launched in Australia in 2014, RateSetter is a peer-to-peer lending platform where investors willing to lend are matched with borrowers looking for loans. The service has more than 20,000 investors onboard.
The company started in London in 2009, and has since facilitated $5 billion worth of loans globally.
RateSetter is an online-only operation, which means it doesn’t have branches. You can apply for loans online, however they also have a customer service line if you need customer support.
