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OurMoneyMarket

Car Loan

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announcement

RateCity Says: Buying a new or second-hand car? Apply online today and enjoy no ongoing or early repayment fees.

Interest rate

From

5.35

% p.a

Fixed

Comparison Rate*

5.65

% p.a

Upfront Fee

$250

Loan amount

$2k to $75k

Real Time Rating™

3.20

/ 5
Repayment

based on $30,000 loan amount for 5 years at 5.35%

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Interest rate

From

5.35

% p.a

Fixed

Comparison Rate*

5.65

% p.a

Upfront Fee

$250

Loan amount

$2k to $75k

Real Time Rating™

3.20

/ 5
Repayment

based on $30,000 loan amount for 5 years at 5.35%

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Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$571

based on $30,000 loan amount for 5 years at 5.35%

Quick car loan review

For Car Loan

These are the benefits of this car loan.

  • Lower than average rate
  • No ongoing fees
  • No early exit penalty
  • Flexible repayment options
  • Can apply online
  • Suitable for both new or used car
  • Fast time to funding

These are the drawbacks of this car loan.

  • Higher than average application fee
  • Cannot apply in branch

Car loan overview

For Car Loan

TMD

Details

Total repayments

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

Weekly, Fortnightly, Monthly

Age of car

Features

Extra repayments

Yes

Redraw facility

Instant approval

Time to funding

24 hours

Fees

Upfront Fee

$250

Ongoing Fee

$0

Missed Payment Penalty

$25

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Application method

Phone

Broker

In branch

Target Market Determination

Visit OurMoneyMarket to view Target Market Determination.

Other Benefits

Dealership or Private Sale Acceptable. Age of Vehicle: Happy to accept all ages, though if greater than 7 years the interest rate will be greater than standard pricing. Income Assessment: 100% Illion Bank Statement.

Other Restrictions

Available loan amounts range from $2,001 to $75,000, for loan terms from 1 to 7 years. Comparison rate is based on a $30,000 fixed rate loan over a 5-year term to a borrower with excellent credit. WARNING: this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Establishment fee applies for most borrowers. Credit is subject to OurMoneyMarket's standard terms and conditions and lending criteria. OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 holds Australian Credit Licence No. 488228.

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