LCU - Drive Away Car Loan
Secured | Variable | Cars over 5 years old
The Drive Away Car Loan offers a borrowing range of between $1,000 and $75,000 as well as advertised interest rates from 10.50% p.a.. It also has repayment terms of between 1 and 10 years. The LCU Drive Away Car Loan is a Variable rate, Secured loan with comparison rates from 10.79% p.a..
More LCU Drive Away Car Loan details can be found below or visit LCU to learn more or apply.
An advertised rate of 10.50% p.a. and comparison rate of 10.79% p.a. The loan type will be Secured.
Advertised Rate
10.50% p.a. Variable
Comparison Rate
10.79% p.a.
Borrowing Range
$1,000 to $75,000
Establishment Fee
$200 one off
Interest
Rate Type
Variable
Advertised Rate
10.50% p.a.
Variable
Comparison Rate
10.79% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
1 to 10
years
Borrowing Range
$1,000 to $75,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$200
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
This product is suitable for retail clients who:
- Require a loan when they are looking to purchase a new motor vehicle including a boat, caravan or motorbike off the lot.
- Are 18 years of age or more and can meet the credit assessment criteria for the product.
- Are willing to offer a registered security over the loan (or other acceptable security) as security for the loan.
Visit LCU to view Target Market Determination Effective From: 2024-05-01.
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