Important disclosure

The Capricornian Car Loans

According to the Capricornian, their auto loans are also suitable for a major motor vehicle purchase. Well, nothing says major purchase like your dream car, caravan, or boat. Hitting the open road or open waters starts by comparing The Capricornian car loans and finding the best repayment amount below.

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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

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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

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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

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

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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

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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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?

The Capricornian car loans – Apply for flexible auto finance

The Capricornian is a customer-owned financial institution and the only one of its kind in Central Queensland. It began its life as a small parish credit union in Rockhampton in 1959. At one point, the financial institution went by the name Capricornia Credit Union Ltd before switching to The Capricornian Ltd.

At the time of writing, this lender offers products such as credit cards, home loans, personal loans, and auto loans. In this guide, BestFind brings The Capricornian car loans into the spotlight for your benefit should you decide to apply.

The Capricornian car loans in a nutshell

A car loan from The Capricornian comes with benefits such as a competitive rate. You also get flexible loan amounts of between $5,000 and $75,000. You get a loan term of up to 7 years if you opt for a new car loan, while other auto loans only go up to 5 years.

The Capricornian auto loans are suitable for new or used vehicles, boats, or caravans. But keep in mind you’ll be taking out a secured car loan, so your purchase is used to guarantee the borrowed funds.

A closer look at The Capricornian car loans: Benefits and features

Here are more important details that further define how a The Capricornian auto loan might work out for you:

  • You can make repayments monthly, fortnightly, or weekly.
  • There are no penalties or fees for extra repayments or early payout. That means you can make additional loan repayments on top of your minimum repayments to avoid more interest costs. If you wish to estimate your monthly repayments, use our The Capricornian car loan calculator to find what works for your budget.
  • When you’ve made extra repayments, it’s possible to withdraw them again. You can access any funds available in the redraw facility online and via mobile banking for free.
  • There are no fixed rates – only variable rates are available. Your interest rate depends on the information you provide and the lender’s assessment.

Fees and charges

The Capricornian is a “mutual.” Its setup differs from banks since it doesn’t boost profits for the benefit of external shareholders. Instead, The Capricornian fee structure is fairer since it’s based only on cost recovery.

This can be seen by the fact that the Capricornian does not charge monthly fees. However, you have to pay a $250 establishment fee which is included in the initial loan amount.

What you need to apply

Generally, the eligibility criteria for The Capricornian car loans is what you would expect from other Aussie lenders:

  • Be at least 18 years of age
  • Be a permanent Australian resident
  • Have a regular income
  • Have a sufficient credit score

However, you must also become a member before approval. Other qualification requirements include the following:

  • Your driver’s licence and passport details.
  • Details about your income, employment, living expenses, assets, debts, and commitments.
  • Quote or invoice from your selected car yard.
  • Casual employees need to provide tax assessments and payslips.
  • Self-employed people need to provide tax returns, financial statements, and BAS statements.
  • If you want to refinance, you need to provide account statements or transaction history.

How to apply for a loan from The Capricornian

You can apply for a The Capricornian car loan using BestFind’s comparison table above. Click “Go to Site” to access this lender’s website so you can fill in their online application form. Here are a few important details about the application process:

  • You can opt for a joint application – adding a co-borrower improves your chances of approval.
  • The Capricornian says if you provide all required information, their basic products can take as little as an hour to get approved. Generally, you’ll get an answer within 24 hours.
  • Given that your details and circumstances remain the same, you have two months to accept your offer from the day of approval.

If you need to borrow for any other purpose, check out our The Capricornian personal loan guide.

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