Woolworths Team Bank - Used Car Loan
Secured | Variable | Cars up to 7 years old
The Woolworths Team Bank Used Car Loan has a loan repayment term of between 1 and 6 years and a comparison rate starting from 8.84% p.a.. This loan will be Secured with a Variable interest rate. This loan has establishment fees starting from $250. The Used Car Loan has advertised interest rates starting from 8.49% p.a. as well as a borrowing range of between $2,000 and $60,000.
More Woolworths Team Bank Used Car Loan details can be found below or visit Woolworths Team Bank to learn more or apply.
A loan with a loan type of Secured with an advertised rate of 8.49% p.a. and comparison rate of 8.84% p.a.
Advertised Rate
8.49% p.a. Variable
Comparison Rate
8.84% p.a.
Loan Term
1 to 6 years
Borrowing Range
$2,000 to $60,000
Interest
Rate Type
Variable
Advertised Rate
8.49% p.a.
Variable
Comparison Rate
8.84% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle
Loan Terms
Loan Term
1 to 6
years
Borrowing Range
$2,000 to $60,000
Repayment
Monthly, Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Fees
Establishment Fee
$250
one off
Early Repayment Fee
$0
per event
Who is the product designed for?
The product has been designed for retail consumers who:
- Are seeking a loan to purchase a new or used vehicle.
- Are aged 18 years or more and meet the credit assessment criteria for the product and has access to sufficient income to meet the following repayments:
- Principal amounts due
- Interest amounts due
- Loan set up costs
- Must offer the vehicle as security for the loan, and security interest is noted on the Personal Property Securities Register (PPSR).
- Need the flexibility to make additional repayments.
Visit Woolworths Team Bank to view Target Market Determination Effective From: 2024-11-30.
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