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Car Loan
RateCity Says: Buying a new or second-hand car? Apply online today and enjoy no ongoing or early repayment fees.
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From
5.35
% p.a
Fixed
5.65
% p.a
$250
$2k to $75k
based on $30,000 loan amount for 5 years at 5.35%
On this page
From
5.35
% p.a
Fixed
5.65
% p.a
$250
$2k to $75k
based on $30,000 loan amount for 5 years at 5.35%
Calculate your repayments for this loan
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
- Details
- Features
- Fees
- Permitted Loan Purposes
- Application method
Details
Total repayments $34,258 | 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
Online | 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.