Geelong Bank - Used Car Loan
Secured | Variable
The Geelong Bank Used Car Loan offers a Variable rate, Secured loan with a borrowing range of between $5,000 and $80,000 and a loan repayment term of between 1 and 7 years. The Used Car Loan has comparison interest rates from 11.27% p.a. and advertised interest rates from 10.95% p.a.
More Geelong Bank Used Car Loan details can be found below or visit Geelong Bank to learn more or apply.
The loan type will be Secured with a comparison rate of 11.27% p.a. and an advertised rate of 10.95% p.a.
Advertised Rate
10.95% p.a. Variable
Comparison Rate
11.27% p.a.
Loan Term
1 to 7 years
Borrowing Range
$5,000 to $80,000
Interest
Rate Type
Variable
Advertised Rate
10.95% p.a.
Variable
Comparison Rate
11.27% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$5,000 to $80,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$220
one off
Early Repayment 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 buy a used car.
- are aged 18 years or more and meet the credit assessment criteria for the product
- are able and willing to offer acceptable security for the loan so as to secure a lower interest rate
Visit Geelong Bank to view Target Market Determination Effective From: 2022-10-05.
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