BankVic - Car Loan
Secured | Fixed | New or used car
The BankVic Car Loan offers an advertised interest rate of 8.99% p.a. and a comparison interest rate of 9.12% p.a.. The BankVic Car Loan is a Fixed rate, Secured loan with a minimum borrowing range of $10,000 and a loan repayment term of between 1 and 5 years.
More BankVic Car Loan details can be found below or visit BankVic to learn more or apply.
A Secured loan with an advertised rate from 8.99% p.a. and comparison rate from 9.12% p.a.
Advertised Rate
8.99% p.a. Fixed
Comparison Rate
9.12% p.a.
Loan Term
1 to 5 years
Borrowing Range
$10,000 to $85,000
Interest
Rate Type
Fixed
Advertised Rate
8.99% p.a.
Fixed
Comparison Rate
9.12% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Car
Loan Terms
Loan Term
1 to 5
years
Borrowing Range
$10,000 to $85,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Fees
Establishment Fee
$90
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation for this product:
Objectives
- Access funds for purchasing a new or used car
- Repayments are set at a fixed rate for the period of the loan
- No cost to make unlimited additional repayments or repay the loan amount at any time
- Use overtime / penalty rates to increase borrowing power
Needs
- Repayments are set at a fixed rate for the period of the loan
- No cost to make unlimited additional repayments or repay the loan amount at any time
- Easy and convenient ways to make loan repayments
Financial situation
- Has sufficient disposable income to service the loan
- Regular income may include overtime and bonuses
Visit BankVic to view Target Market Determination Effective From: 2023-06-09.
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