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Loans My Car Loans Car Loan Comparison Table
Text Loans My Car Loans Car Loan Comparison Table
Car Loan Comparison Table
Written by dwhitmarsh
|
Key Features |
My New Car Loan |
My Used Car Loan |
|---|---|---|
| Interest rate |
Your choice of a fixed or variable rate
View our interest rates |
|
| Minimum amount | $5,000 | $5,000 |
| Maximum amount | $50,000 | $50,000 |
| Loan period | Up to 5 years – fixed rates Up to 7 years – variable rates |
Up to 5 years – fixed rates Up to 7 years – variable rates |
| Repayments | Monthly / Fortnightly / Weekly | Monthly / Fortnightly / Weekly |
| Interest charges | Calculated daily, Charged monthly | Calculated daily, Charged monthly |
| Application Fee | $150 | $150 |
| Early repayment without penalty | Yes | Yes |
| Redraw facility | Yes, $5 each for redraw $500 or under, Free for redraws over $501 (not available on fixed rate loans) |
Yes, $5 each for redraw $500 or under, Free for redraws over $501 (not available on fixed rate loans) |
| Loan repayment insurance available | Yes | Yes |
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