Bank Australia - Used Car Loan
Secured | Fixed | Cars up to 7 years old
The Bank Australia Used Car Loan has an advertised interest rate from 8.95% p.a. with a loan type of Secured. The comparison rates start from 9.16% p.a. and the borrowing range will start from $1,000, with a loan repayment term of between 1 and 5 years. This loan has establishment fee of $150. The Used Car Loan will be a Fixed rate loan.
More information about the Bank Australia Used Car Loan can be found below or visit Bank Australia to learn more or apply.
A loan with a loan type of Secured with an advertised rate of 8.95% p.a. and comparison rate of 9.16% p.a.
Advertised Rate
8.95% p.a. Fixed
Comparison Rate
9.16% p.a.
Loan Term
1 to 5 years
Borrowing Range
$1,000 to $100,000
Interest
Rate Type
Fixed
Advertised Rate
8.95% p.a.
Fixed
Comparison Rate
9.16% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
1 to 5
years
Borrowing Range
$1,000 to $100,000
Repayment
Monthly, Fortnightly, Weekly
Features
Extra Repayments Allowed
Yes
Fees
Establishment Fee
$150
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Late Payment Fee
$0
per event
Who is the product designed for?
The retail clients for whom this product has been designed are individuals who:
- Are seeking a loan to:
- Purchase a new or used vehicle up to 7 years of age.
- Purchase a new or used motorbike (road registered) up to 7 years of age.
- Refinance where original loan purpose was for purchase.
- Are aged 18 years or more and meet the credit assessment criteria for the product.
- Are able and willing to offer the vehicle as security for the loan, and security interest noted on the Personal Property Securities Register (PPSR).
- Need the certainty of a fixed interest rate and fixed repayments for the term of the loan.
- Need the flexibility to make additional repayments.
- Want to take advantage of a lower rate for low emissions and electric vehicles.
Visit Bank Australia to view Target Market Determination Effective From: 2024-11-20.
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
Savrr.com is a trading name of Fair Comparison Ltd. The ‘compare’ pages of this website are provided by Fair Comparison Ltd to compare a range of online trading platforms and products. Fair Comparison Ltd may receive a fee if users click through, apply and/or successfully apply for an online trading account or product.
Fair Comparison provides information relating to online trading platforms. We are not providers of loan, credit, or any other financial products nor are we an investment broker. While we aim to provide information about a variety of platforms or products, we do not provide information about all platforms or products available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific platforms or products. Should you choose to apply for a platform or product which is listed, you will deal directly with the platform or its broker/representative. We aim to provide useful and up-to-date information, but you should always carefully check information with the platform provider prior to opening an account or making a financial decision. If you are unsure, you should seek clarification from the platform or independent financial advice.