LCU - New Wheels Car Loan
Secured | Variable | New cars up to 5 years old
The New Wheels Car Loan from LCU has a comparison interest rate from 9.79% p.a. and an advertised interest rate from 9.50% p.a.. It also has a repayment term between 1 and 10 years. The New Wheels Car Loan is a Variable rate, Secured loan with a borrowing range of $1,000.
More details about the LCU New Wheels Car Loan can be found below or visit LCU to learn more or apply.
A comparison rate of 9.79% p.a. and a loan type of Secured. There will also be an advertised rate of 9.50% p.a.
Advertised Rate
9.50% p.a. Variable
Comparison Rate
9.79% p.a.
Loan Term
1 to 10 years
Borrowing Range
$1,000
Interest
Rate Type
Variable
Advertised Rate
9.50% p.a.
Variable
Comparison Rate
9.79% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Loan Terms
Loan Term
1 to 10
years
Borrowing Range
$1,000
Repayment
Monthly, Weekly, Fortnightly
Features
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.
- 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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