QBANK - Car Loan
Secured | Variable | Vehicle up to 10 years old
The Car Loan from QBANK offers advertised interest rates from 9.24% p.a. and a borrowing range of between $1,000 and $150,000. The Car Loan is a Variable rate, Secured loan with comparison rates from 9.86% p.a. It also has repayment terms of between 1 and 7 years.
More QBANK Car Loan details can be found below or visit QBANK to learn more or apply.
A comparison rate of 9.86% p.a. and an advertised rate of 9.24% p.a. The loan type will be Secured.
Advertised Rate
9.24% p.a. Variable
Comparison Rate
9.86% p.a.
Loan Term
1 to 7 years
Borrowing Range
$1,000 to $150,000
Interest
Rate Type
Variable
Advertised Rate
9.24% p.a.
Variable
Comparison Rate
9.86% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$1,000 to $150,000
Repayment
Monthly, Weekly, Fortnightly
Fees
Establishment Fee
$195
one off
Loan Service Fee
$5
per month
Who is the product designed for?
Applicants in the target market for this product are likely to have the following objectives, needs and financial situation:
Objectives
- This product is suitable for those who are seeking:
- to purchase a vehicle of up to 10 years old for the Car Loan or up to 5 years old for the New Car Loan
- a secured loan between $1,000 and $150,000
- a loan of equal to or lesser value than the invoice price of the vehicle; and
- to repay the loan within 7 years
Needs
- This product offers a variable interest rate and is suitable for those who are seeking flexible repayment options.
Financial Situation
- To assess whether this product is affordable to the Member, QBANK will make reasonable enquiries about the Member's financial situation in accordance with QBANK’s credit assessment criteria.
Visit QBANK to view Target Market Determination Effective From: 2024-08-07.
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