Compare Arab Bank Car Loans | Interest Rates & Fees - BestFind

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Arab Bank Car Loans

Secured Personal Loan

An Arab Bank Australia Personal Loan is a great way to purchase the car you want or need now, if you currently don't have the savings or cash to make your purchase.

Overview

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term0 years

Maximum term5 years

Advertised rate11.30%

Comparison rate12.73%

Monthly repayments (approx)$335

Total repayments (approx)$12,083

Total interest repayments (approx)$2,083

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$200

Other Fees & Information

Monthly fee$8.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$250

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1800 64 64 84

Data accurate as of13.03.2017

Comparison warning The comparison rate is based on a loan amount of $30,000 and is calculated over a term of 5 years based on monthly repayments. This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

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Unsecured Personal Loan

An Arab Bank Australia Personal Loan is a great way to purchase the car you want or need now, if you currently don't have the savings or cash to make your purchase.

Overview

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term0 years

Maximum term5 years

Advertised rate14.00%

Comparison rate15.46%

Monthly repayments (approx)$348

Total repayments (approx)$12,560

Total interest repayments (approx)$2,560

Rate typeFixed

Secured or unsecuredUnsecured

Security required No

Application / establishment fees$200

Other Fees & Information

Monthly fee$8.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1800 64 64 84

Data accurate as of13.03.2017

Comparison warning The comparison rate is based on a loan amount of $30,000 and is calculated over a term of 5 years based on monthly repayments. This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

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Compare 100s of car loans

Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review Arab Bank car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing Arab Bank car loans, there are other key facts to consider and understand, other than just Arab Bank’s interest rates.

What car loan options are available?

Arab Bank has 1 car loan products:

  • Arab Bank Secured Personal loan
  • Arab Bank Unsecured Personal loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Arab Bank home loans.

Do you have an Arab Bank car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Arab Bank directly.

How to apply for an Arab Bank car loan?

If you’d like to apply online for an Arab Bank car loan, just scroll up and click on “Learn more” to be taken to Arab Bank’s secure online application form. Before you apply, be sure to learn about Arab Bank’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

Arab Bank’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the Arab Bank’s lending criteria. Below is high-level overview of Arab Bank’s criteria:

Arab Bank’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $2,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the Arab Bank branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Arab Bank car loan

There are many additional factors Arab Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use an Arab Bank car loan for?

Examples of common loan purposes Arab Bank will lend for:

Additional Arab Bank car loan information

Arab Bank’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $2,000 and $80,000, over terms between 0 year and 5 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Arab Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Arab Bank allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

Arab Bank’s Secured Personal Loan requires an asset (typically, the vehicle) as security. For an unsecured car loan, consider Arab Bank’s Unsecured Personal Loans.