abal banking car loans

abal banking
abal banking's overall rating for car loans

(as rated by the Mozo community)

7.5 / 10

based on 4 reviews

Arab Bank Australia, like the name suggests, specialises in Middle Eastern and Northern African banking through its association with Arab Bank. With a rep for providing customers competitive home loans in Australia since 1986, this lender now offers credit for car buying too. Use this page to help you decide whether one of the car loans described below could help you get in a new or preloved vehicle sooner....

abal banking offers the following car loans

Product Interest rate from Comparison rate from* Upfront fee

11.30% p.a.

12.13% p.a.based on $30,000
over 5 years


12.90% p.a.

13.72% p.a.based on $30,000
over 5 years


14.00% p.a.

14.81% p.a.based on $30,000
over 5 years


15.60% p.a.

16.41% p.a.based on $30,000
over 5 years


*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Arab Bank Australia car loan FAQs

Should I go for a fixed or variable interest rate?

Good question, as it really depends on how you intend to use your loan and if you are happy with the rate attached. For instance, say you want to lock your interest rate in for the entire loan term, then you would select the fixed rate option as you’ll know exactly what your repayments will look like. But if you don’t mind the possibility of a future rate change up or down, go for a variable rate car loan. That way, if you decide to repay your debt early, you won’t get stung by a penalty fee.

Should I secure my car to the loan?

If you can secure your car to the loan, you’ll receive a lower interest rate. Arab Bank can also accept property as security, so be sure to check out your options with them if you’re after a secured loan to buy a preloved car. Prefer a no fuss loan with less paperwork? Go for an unsecured loan and pay a little more interest in return.

How much can I borrow?

Every loan applicant has different financial circumstances, so it’s hard to give a definitive answer. But if you’re eligible, the price tag of your car can range from $5k to $50k. Looking for more credit than that? Return to our car loans hub and browse through other options in the market.

How frequently will I need to make repayments?

It’s up to you, with a choice between weekly, fortnightly or monthly repayment dates.

How long can I take to pay off my loan?

Loan terms are written up to last from 1 - 5 years.

Which Arab Bank Australia car loans allow for extra repayments?

You can make additional repayments on any of the loans described on this page. Just remember, there isn’t a redraw facility so make each one wisely!

What’s the application process like?

There are a few Arab Bank branches around the country, but you can also call its customer service line or apply for a car loan online. To speed up the time it takes, gather up the following personal info to supply them with:

Once you’ve hit “send” on the official site or handed them your form, you’ll likely hear back from the bank within a few business days.

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