Northern Inland Credit Union - Used Car Loan
Secured | Fixed | Vehicles from 6 to 10 years old
The Northern Inland Credit Union Used Car Loan has a loan repayment term of between 1 and 5 years and a comparison rate starting from 9.82% p.a.. This loan will be Secured with a Fixed interest rate. The Used Car Loan has advertised interest rates starting from 8.99% p.a. as well as a borrowing range of between $5,000 and $100,000.
More Northern Inland Credit Union Used Car Loan details can be found below or visit Northern Inland Credit Union to learn more or apply.
An advertised rate of 8.99% p.a. and comparison rate of 9.82% p.a. The loan type will be Secured.
Advertised Rate
8.99% p.a. Fixed
Comparison Rate
9.82% p.a.
Loan Term
1 to 5 years
Borrowing Range
$5,000 to $100,000
Interest
Rate Type
Fixed
Advertised Rate
8.99% p.a.
Fixed
Comparison Rate
9.82% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle between 6-10 years old.
Loan Terms
Loan Term
1 to 5
years
Borrowing Range
$5,000 to $100,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$200
one off
Loan Service Fee
$8
per month
Who is the product designed for?
This product is suitable for retail clients who:
- Are seeking a loan for any worthwhile purpose including to make a purchase or to consolidate an existing debt
- 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
- Need the certainty of a fixed interest rate and fixed repayments for the term of the loan
- Do not need the option of being able to make additional repayments without penalty.
Visit Northern Inland Credit Union to view Target Market Determination Effective From: 2021-10-05.
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