Used Car Loan
- $1k to $100k
- 0 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
9.29%
Comparison rate* p.a.
9.67%
Used Car Loan
- $1k to $100k
- 0 to 7 years
- Variable Rate
- Secured
Interest rate p.a.
9.29%
Comparison rate* p.a.
9.67%
Calculate your repayments for this loan
$
Your estimated repayment
$627
based on 30000 loan amount for 5 years at 9.29%
Pros and Cons
For Used Car Loan
Benefits
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Approval is instant
Drawbacks
- Higher than average application fee
The Mac Rate Car Loan overview
For Used Car Loan
Details
Total repayments
$37,619
Interest rate type
Variable
Borrowing range
$1k - $100k
Security type
Secured
Loan term
0 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Age of car
up to 4 years
Target Market Determination
Visit The Mac 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
$55
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Car age up to 4 years old.
