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New Car Loan
RateCity Says: Buy a car less than 2 years old, pay no ongoing fees. Fixed repayments mean simpler budgeting, with no penalty for early repayment.
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4.88
% p.a
Fixed
5.23
% p.a
$250
$2k to $75k
based on $30,000 loan amount for 5 years at 4.88%
On this page
4.88
% p.a
Fixed
5.23
% p.a
$250
$2k to $75k
based on $30,000 loan amount for 5 years at 4.88%
Calculate your repayments for this loan
Your estimated repayment
$564
based on $30,000 loan amount for 5 years at 4.88%
Quick car loan review
For New Car Loan
These are the benefits of this car loan.
- Interest rates ranked in the best 20%
- No ongoing fees
- No early exit penalty
- Can apply online
- Can apply in branch
These are the drawbacks of this car loan.
- Higher than average application fee
- Limited to new cars
- Monthly repayments only
Car loan overview
For New Car Loan
- Details
- Features
- Fees
- Permitted Loan Purposes
- Application method
Details
Total repayments $33,869 | Interest rate type Fixed |
Borrowing range $2k - $75k | Security type Secured |
Loan term 1 year to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Monthly |
Age of car 2 years |
Features
Extra repayments Yes | Redraw facility |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $250 | Ongoing Fee $0 |
Missed Payment Penalty $0 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Application method
Online | Phone |
Broker | In branch |
Target Market Determination
Visit IMB Bank to view Target Market Determination.
Other Restrictions
car age up to 2 years old