BankVic Car Loans, Interest Rates & Fees - Best Find
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BankVic Car Loans

BestFind is a free, Australian-owned platform that allows you to compare personal loans from trusted Australian lenders, to consolidate debt or to finance worthwhile purchases. You can use the filter to narrow the options to meet your needs.

Compare Car Loans

Buy the type of car or vehicle you want with interest rates from 6.99% p.a. (comparison rate 7.12% p.a.)


Application / establishment fees$90

Minimum loan amount$10,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.99%

Car loan comparison rate7.12%

Monthly repayments (approx)$593

Total repayments (approx)$35,633

Total interest repayments (approx)$5,633

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


Telephone1300 100 266

Data accurate as of13.03.2017

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Comparison rate 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. Comparison rate has been calculated for a secured new or used car loan for an amount of $30,000 over a term of 5 years. All BankVic car loans are secured by a goods security agreement.

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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 BankVic car loans

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

What car loan options are available?

BankVic has 1 car loan product:

  • BankVic Fixed Secured Car 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 BankVic personal loansBankVic home loan and BankVic credit cards.

Do you have a BankVic 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 BankVic directly.

How to apply for a BankVic car loan?

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

BankVic’s car loan eligibility criteria

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

BankVic’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 $10,000 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 BankVic 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 BankVic car loan

There are many additional factors BankVic 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 a BankVic car loan for?

Examples of common loan purposes BankVic will lend for:

Additional BankVic car loan information

BankVic’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $10,000 and $80,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

BankVic allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

BankVic allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.


BankVic’s Fixed Secured Car Loan requires an asset (typically, the vehicle) as security.