Compare Horizon Credit Union Car Loans & Rates - Best Find

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Horizon Credit Union Car Loans

New Car Loan

A great fixed interest rate perfect for new motor vehicles. You'll be driving away in no time!

Overview

Minimum loan amount$5,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term5 years

Advertised rate6.29%

Comparison rate7.29%

Monthly repayments (approx)$310

Total repayments (approx)$11,164

Total interest repayments (approx)$1,164

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$150

Other Fees & Information

Monthly fee$0.0

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 vehiclesNo

SponsoredNo

Telephone1300 366 565

Data accurate as of02.04.2017

Comparison warning The comparison rate is calculated on a loan amount of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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Special Used Car loan

If you're looking to buy a car, Horizon can get you behind the wheel even sooner with a quick and easy car loan!

Overview

Minimum loan amount$5,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term10 years

Advertised rate7.29%

Comparison rate8.30%

Monthly repayments (approx)$314

Total repayments (approx)$11,331

Total interest repayments (approx)$1,331

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$150

Other Fees & Information

Monthly fee$0.0

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 vehiclesNo

SponsoredNo

Telephone1300 366 565

Data accurate as of02.04.2017

Comparison warning The comparison rate is calculated on a loan amount of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Hide info ˄

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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 Horizon Credit Union car loans

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

What car loan options are available?

Horizon Credit Union has 2 car loan products:

  • Horizon Credit Union New Car loan
  • Horizon Credit Union Special Used 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 Horizon Credit Union personal loans and Horizon Credit Union home loans.

Do you have a Horizon Credit Union 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 Horizon Credit Union directly.

How to apply for a Horizon Credit Union car loan?

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

Horizon Credit Union’s car loan eligibility criteria

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

Horizon Credit Union’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 $5,000 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 Horizon Credit Union 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 Horizon Credit Union car loan

There are many additional factors Horizon Credit Union 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 Horizon Credit Union car loan for?

Examples of common loan purposes Horizon Credit Union will lend for:

Additional Horizon Credit Union car loan information

Horizon Credit Union’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $5,000 and $80,000, over terms between 1 year and 5 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Horizon Credit Union allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Horizon Credit Union 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.

Security

Horizon Credit Union’s Car Loans require an asset (typically, the vehicle) as security.