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BankVic Car Loans

Are you all revved up about applying for a BankVic car loan? Skip straight to it by comparing options and repayment estimates below. Once done, you can get the application process moving with a single click right from there.

Calculate repayments

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

Overview

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

GO TO BankVic

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

Telephone1300 100 266

Data accurate as of13.03.2017

GO TO BankVic

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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. ^Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan.

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

GO TO Now Finance

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$35

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

GO TO Now Finance

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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

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 vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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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

GO TO OurMoneyMarket

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

GO TO OurMoneyMarket

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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?

BankVic car loans – Get credit options that suit your needs

Every financial institution has a story, and BankVic’s story starts in 1974 when it was established to service Victoria Police members and their families. The Victorian-based, member-owned bank has since extended its services and wide range of products to members of the health, emergency, and public services sector.

When it comes to numbers, BankVic has over 113,000 members and 2 billion in assets. If you’re a member or thinking about joining to apply for a BankVic car loan, here are the details that will help you make the best decision for your situation.

BankVic car loans in a nutshell

Disclaimer: Like most Aussie lenders, BankVic has consolidated its car loans with its personal loans. Therefore, you’ll find BankVic car loans are considered part of this lender’s personal loan product.

BankVic offers secured and unsecured credit to help you buy a car. As is to be expected, the secured loan option comes with a lower rate, though both products share several features. Overall, BankVic’s car loans are best for customers looking for payment flexibility and more than one option to choose from.

What types of loan products does BankVic offer?

  • BankVic’s fixed rate secured loan. Because you’ll be using your car as security, you get a lower rate than the unsecured option. This product also comes with a minimum loan amount of $10,000 and a fixed rate, so your repayments won’t change over the life of the loan.
  • BankVic’s unsecured variable rate personal loan. This option is more flexible since it allows you to borrow a minimum of $500 without using your car as security. A variable rate means your repayments may fluctuate.

BankVic also offers an overdraft facility for short-term financial needs as well as credit cards and home loans. If you need to borrow for something else, you can check out BankVic personal loans. Use our BankVic car loan calculator instead if you need to find affordable repayments before applying.

Common features

  • There’s a $90 application fee which is lower than what most lenders offer. At the time of writing, BankVic does not charge a monthly service fee.
  • You can make weekly, fortnightly, or monthly repayments.
  • BankVic gives you the ability to make additional repayments without incurring an early repayment penalty.
  • Payment fees and charges such as dishonour fees and direct debit stopped payment fees may also apply.

How to apply for a BankVic car loan

Ready for an online car loan application that only takes up to 5 minutes of your time? Click “Go to Site” in the table above and immediately switch over to BankVic’s website. Once you land on the application page, fill in the relevant details and submit. BanVic will be in touch, asking for the following supporting documentation:

  • Payslips for the last two months;
  • Bank statements for the last 3 months;
  • Most recent statements for any existing credit accounts.

But you have to be a member to apply for a car loan. If you’re not, joining requires you to provide details about your driver’s licence and passport. Eligibility criteria for all applicants include the following:

  • Be an Australian resident who’s at least 18 years of age;
  • Must not have declared bankruptcy, insolvency, or have defaults and judgements in the last 5 years;
  • Meet BankVic’s credit assessment criteria.

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