loans.com.au - Used Car Loan
Secured | Variable | Vehicle age <5 Years, Dealership or Private sale
The Used Car Loan from loans.com.au has a comparison interest rate from 8.50% p.a. and an advertised interest rate from 7.39% p.a. The early repayment fee with this loan will be $700. The Used Car Loan also has a Variable rate, and is a Secured loan with a borrowing range of between $5,000 and $150,000. It also has a repayment term between 3 and 7 years.
More details about the loans.com.au Used Car Loan can be found below or visit loans.com.au to learn more or apply.
An advertised rate of 7.39% p.a. and comparison rate of 8.50% p.a. The loan type will be Secured.
Advertised Rate
7.39% p.a. Variable
Comparison Rate
8.50% p.a.
Loan Term
3 to 7 years
Borrowing Range
$5,000 to $150,000
Interest
Rate Type
Variable
Advertised Rate
7.39% p.a.
Variable
Comparison Rate
8.50% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
3 to 7
years
Borrowing Range
$5,000 to $150,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$500
one off
Loan Service Fee
$8
per month
Early Repayment Fee
$700
per event
Who is the product designed for?
The retail clients for whom this product has been designed are individuals who:
- Consumers who want a car loan to purchase a used car or refinance their current car loan
- Consumers who want a choice of a variable principal and interest repayments
- Consumers who want the option of 3 to 7 years loan terms
- Consumers who want to save money with a low interest rate
Visit loans.com.au to view Target Market Determination Effective From: 2023-10-03.
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