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 target market of this product are customers who are likely to have the following objectives, financial situation and needs.
The product has been designed for :
- Consumers who are 18 years or more who meet the eligibility and credit assessment criteria for the Woolworths Team Bank secured variable rate used car loan product
- Are seeking a loan to purchase a used vehicle up to 7 years old
- Want the flexibility of making additional repayments and are able to provide security.
Objectives
- Seeking a used car loan with the flexibility to make extra repayments without incurring a fee and no fee for early repayment of the loan.
Financial situation
- Receiving a regular income and meets Woolworths Team Bank’s credit assessment requirements.
Needs
- Need funds to purchase a used car
Visit Woolworths Team Bank to view Target Market Determination Effective From: 2022-11-30.
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