| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Flexi Personal Loan (Fixed, Unsecured) |
12.49% p.a. |
12.78% p.a.based on $30,000 |
$195.00 |
| Low Rate Car Loan Special Offer (Fixed, Secured) |
6.49% p.a. |
6.86% p.a.based on $30,000 |
$195.00 |
| Low Rate Car or Personal Loan (Fixed, Secured) |
7.99% p.a. |
8.37% p.a.based on $30,000 |
$195.00 |
Beyond Bank likes to reward customers who choose to go green. If you apply for one of its secured car loan products, you may be eligible for a further rate reduction by discussing it with them.
Fixed rates stay put, while variable interest rates are subject to fluctuate as you pay off your loan, potentially working in or against your favour.
When it comes to Beyond Bank’s only variable rate loan on offer known as the “Flexi” personal loan, you cannot secure your car to it. In other words, if you opt for the variable rate, you’ll be charged interest at a higher rate.
That rate sitting beside the interest rate in the comparison table above? Well, it’s there to help you gage how much interest you’ll pay along with the common fees. It combines admin fees, sign up costs and the interest rate into one.
Yes. You’ll pay much less in interest if you buy a new or used set of wheels using a Beyond Bank secured car loan, as rates are low and competitive. Choosing a secured loan does require a little more effort, as you’ll need to sign some extra forms and pay a small fee*.
*Security fee not applicable to “No Fee Car Loans”.
No, they all have the same product features like redraw facilities and zero early loan repayment penalties. What makes the “No Fee Car Loan” and “Low Rate Car Loan”
different, is that you’re required to borrow at least $10k and $25k respectively.
It depends on how you’ve repaid debts in the past, as reflected in your credit history that Beyond Bank will obtain when you apply for your loan.
Different loan products have various loan amounts too:
Beyond Bank’s unsecured car loans range from $5k to $80k, whereas you can borrow up to a whopping $125k with a secured loan.
Either each week, fortnight or month. When you first take out the loan, you’ll elect a preferred repayment frequency.
Your contract will stipulate a loan term, which you and Beyond Bank agree on at the start. It can range from 1 - 7 years. Don’t want to be in debt for too long? It’s okay, you won’t be penalised in fees for finalising your loan early.
Yes you can, which essentially brings down the amount of interest you are charged.
Absolutely, every car loan detailed on this page offers a fee-free redraw facility, meaning you’ll have access to extra repayments.
If you’ve fallen for a handsome old car, it mustn’t be older than 6 years old to qualify for a secured loan, except for the “Special Low Rate Car Loan”, which excludes all used vehicles. Alternatively, a Beyond Bank unsecured car loan does not have any restrictions on the car you choose to buy.
No Beyond Bank car loan have such penalties.
It’s straightforward taking out a car loan these days, and Beyond Bank’s setup is no different. Sign the dotted line at a local branch, give its customer service line a ring, or do it all online.
Before you leave this page and apply, take note of the things you’ll need to supply Beyond Bank with:
Once you’ve submitted your application, the turnaround is quick. You should hear back from Beyond Bank in a few business days and be cruising around in no time!
Mozo users have rated Beyond Bank car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
34 Reviews
Super good really reliable never overlook the little guys like us as we are a low income family and this bank gave us a chance when many others didn't haven't looked back
Read full reviewSuper good really reliable never overlook the little guys like us as we are a low income family and this bank gave us a chance when many others didn't haven't looked back
I made an enquiry online about a car loan. A consultant called me days later but I missed the call, so the consultant left a number to call on. They never answered, despite days of calling back. Finally, I got through to the bank on their main phone number (after waiting on hold for 25 minutes). We went through all criteria for the loan and the consultant said all was good, until the computer rejected the application as unaffordable. The reason? The system would not accept that multiple people in a household contribute to rent, and instead considered me to be responsible for the entirety of the rent. This is archaic and ridiculous. All up, not worth the effort of waiting.
Read full reviewI made an enquiry online about a car loan. A consultant called me days later but I missed the call, so the consultant left a number to call on. They never answered, despite days of calling back. Finally, I got through to the bank on their main phone number (after waiting on hold for 25 minutes). We went through all criteria for the loan and the consultant said all was good, until the computer rejected the application as unaffordable. The reason? The system would not accept that multiple people in a household contribute to rent, and instead considered me to be responsible for the entirety of the rent. This is archaic and ridiculous. All up, not worth the effort of waiting.
Excellent car loan special offer rate with no hidden extras. Option to make extra payments and payout early with no penalties. Customer service from the word go was excellent. Great communication, friendly and willing to help in anyway. Would not hesitate to recommend.
Read full reviewExcellent car loan special offer rate with no hidden extras. Option to make extra payments and payout early with no penalties. Customer service from the word go was excellent. Great communication, friendly and willing to help in anyway. Would not hesitate to recommend.
Beyond Bank was very helpful - got back to me within the timeframe they said they would, offered competitive insurance rates and set up everything. I recommend them for all banking.
Read full reviewBeyond Bank was very helpful - got back to me within the timeframe they said they would, offered competitive insurance rates and set up everything. I recommend them for all banking.