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Bank Australia Car Loans

Bank Australia low-rate car loans help you leave a clean credit footprint with affordable repayments that are easy to stick to. The car loan also offsets your car’s carbon emissions so you can maintain a friendly environmental footprint. If you want to sign up for this unique offer, use our Bank Australia car loans product table and calculator to choose the best deal for your pocket and needs.

Calculate your repayments

Our car loan offers a competitive interest rate and we even offset your car's carbon emissions for the life of the loan for new or used vehicle purchases up to seven years of age. The $150 establishment fee is waived for vehicles that meet an ANCAP rating of 5 star and/or a greenhouse rating of 7+.

Overview

Application / establishment fees$150

Minimum loan amount$1,000

Maximum loan amount$150,000

Minimum term6 months

Maximum term7 years

Car loan interest rates (base)6.45%

Car loan comparison rate6.66%

Monthly repayments (approx)$586

Total repayments (approx)$35,176

Total interest repayments (approx)$5,176

Rate typeFixed

Secured or unsecuredSecured

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Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone132 888

Data accurate as of13.09.2017

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Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $15,000-$100,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score.

Overview

Application / establishment fees$0

Minimum loan amount$15,000

Maximum loan amount$100,000

Minimum term1.5 years

Maximum term7 Years

Car loan interest rates (base)4.45%

Car loan comparison rate4.45%

Monthly repayments (approx)$558

Total repayments (approx)$33,516

Total interest repayments (approx)$3,516

Rate typeFixed

Secured or unsecuredYes

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Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Exit / early repayment feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 275 669

Data accurate as of21/02/2021

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)4.99%

Car loan comparison rate5.69%

Monthly repayments (approx)$566

Total repayments (approx)$33,960

Total interest repayments (approx)$3,960

Rate typeFixed

Secured or unsecuredSecured

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Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

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A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

Overview

Application / establishment fees$250

Minimum loan amount$2,001

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.35%

Car loan comparison rate5.65%

Monthly repayments (approx)$570

Total repayments (approx)$34,257

Total interest repayments (approx)$4,257

Rate typeFixed

Secured or unsecuredSecured

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Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$27

For used vehiclesYes

SponsoredYes

Telephone1300 990 115

Data accurate as of30/04/2021

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.24%

Car loan comparison rate6.94%

Monthly repayments (approx)$583

Total repayments (approx)$35,000

Total interest repayments (approx)$5,000

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. 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. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

Bank Australia car loans – Go green with this finance option

Bank Australia car loans stand out because of the “carbon offset” feature. After all, what could be better than driving your dream car while helping to save the environment? Yet this financial product has even more to offer, and if you read our guide, you might find extra reasons to apply.

Bank Australia secured car loans – Quick overview

  • Min amounts – From $1,000
  • Min and max terms – Between 1 and 7 years
  • Interest rate – From 6.45% p.a.
  • Interest rate type – Fixed rate
  • Comparison rate – 6.66% p.a
  • Security – Your vehicle secures the debt

Bank Australia car loan – Full breakdown

You can piece the following features together to decide whether Bank Australia car loans are a good fit for your financial situation and needs:

  • Carbon emission offset. When you get approval, Bank Australia purchases carbon offsets that’ll cover you for each year of your loan term.
  • Fixed repayments. An interest rate that never changes also offers protection from sudden increases. Therefore, you’ll know what you’re dealing with when making future financial plans.
  • Loan purpose. The funds can buy a car that’s new or used. Used vehicles should not be older than 7 years, and you can only choose a maximum term of 5 years compared to 7 years for new vehicles.
  • Repayment options. You have the flexibility to decide on weekly, fortnightly, or monthly repayments. Our Bank Australia car loan calculator is available if you want to work out your estimated monthly repayments.
  • Extra repayments. You can make unlimited repayments when you want to clear your debt quickly.
  • Fewer fees and charges. Besides an upfront fee, there are no admin, late or early repayment fees. However, some other fees may apply, and these will be specified in your loan offer.
  • Discounted LEV car loans. This option is designed for low emission vehicles such as the Nissan Leaf and Tesla. It comes with a 1% interest rate discount plus a fee waiver.

Applying to Bank Australia

To qualify, you must be:

  • 18 years or above
  • A permanent Australian resident or holder of a valid work visa
  • Employed or have a stable and regular income

You’ll also be asked to provide a valid ID and details about your income, employment, assets, expenses, and other debts.

Apply online by clicking “Go to Site” which takes you to the application page. Once you apply, Bank Australia typically responds within 2 or 4 business days.

More about Bank Australia and their financial products

Bank Australia is an environmentally friendly, and 100% customer owned bank. It offers an extensive product portfolio that includes personal loans and home loans. Bank Australia takes great pride in pushing for green initiatives while avoiding investments that support harmful industries such as fossil fuels, tobacco and weapons.

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