based on 236 Queensland Country Bank product reviews as rated by Mozo community

Queensland Country Bank car loans

Fancy picking a rural credit union to help you buy a new or used car? Consider one of 2022 Mozo Experts Choice Personal Loan Award winner Queensland Country Credit Union’s car loans which have fixed, competitive rates and nifty account features too. For more info, refer to our comparison table and FAQs below….

Queensland Country Bank offers the following car loans

Rates and fees verified as correct at 30 March 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Green Car Loan (Variable)

5.99% p.a.

6.28% p.a.based on $30,000
over 5 years

$150.00

New Car Loan (New or Demo Cars, Variable, Secured)

6.24% p.a.

6.84% p.a.based on $30,000
over 5 years

$120.00

New Car Loan (up to 3 years old, Variable, Secured)

7.24% p.a.

7.84% p.a.based on $30,000
over 5 years

$120.00

Secured Personal Loan (Variable)

11.45% p.a.

12.29% p.a.based on $30,000
over 5 years

$120.00

Unsecured Personal Loan (Variable)

14.20% p.a.

n/a

$120.00

Queensland Country Credit Union car loan FAQs

What’s the benefit of having a fixed rate loan?

Fixed rate loans have guaranteed interest rates, which means your budget won’t be impacted by fluctuations in the market. So if you like Queensland Country Credit Union’s competitive rates, then one of its car loans could be for you.

Like many fixed rate products out there, these loans don’t have a redraw facility to dip into extra repayments. On the plus side, you can pay off your debt early without being charged a penalty fee. Sound like your match? Read on to find out next whether you should opt for the secured or unsecured version...

Should I secure my car to the loan?

Secured loans have lower interest rates, so if you want to pay less in interest and don’t mind signing extra paperwork, then go for it! Keep in mind, it will cast a smaller net on the car you can buy though, as you’ll be looking at vehicles aged under 3 years only. If you’d rather own an older vehicle (with a price tag of up to $20k), pick the Queensland Country Credit Union unsecured loan instead.

How much can I borrow?

A few factors come into this, like what you earn and your history of handling credit. With Queensland Country Credit Union, secured loans can range from $1k to $50k. If you want to borrow more than that, have a chat with them and they may agree to lend you more, on a loan term of 5+ years. When it comes to unsecured car loans, you can only borrow up to $20k.

How often can I make repayments?

Weekly, fortnightly or monthly. Choose a frequency that will match your budget nicely.

How long can I take to pay off my loan?

From 1 to 7 years with a secured loan, and up to 5 if your loan is unsecured. Don’t let these numbers slow you down, as you can always repay your debt early without incurring a penalty fee.

So my repayments can be ahead of schedule?

That’s right, you can make as many extra repayments as you like! Just be careful not to bite off more than you can chew. After all, you won’t have access to the funds via a redraw facility.

So just to clarify...there are no break fees?

Yep, another nifty thing about Queensland Country Credit Union car loans, is that you don’t get penalised in fees for wiping off your debt earlier than required.

Where’s the redraw facility?

Good question...there isn’t one. If that’s a dealbreaker, we can help. Use our car loan hub and browse through up to 200 products in the market!

Can I use a Queensland Country Credit Union loan for a second-hand ride?

Absolutely, you can even finance a car under 3 years old using its new car loan. Older vehicles must be purchased with an unsecured loan instead.

What if I make a repayment late?

You may be charged a late payment fee. But the stakes are higher if you miss too many. You could tarnish your credit rep, default on the loan, and your car could even get repossessed (with secured loans). Avoid this happening by setting up direct payments from a bank account that gets topped up regularly, so you can “set and forget”. If it so happens that you begin to experience financial hardship while paying off your loan, let Queensland Country Credit Union know ASAP.

What’s the application process like?

Simple really. You can apply online, over the phone, or at a branch. To give you every chance of car loan approval, have the following things ready to supply Queensland Country Credit Union:

  • Recent payslips to prove your employment status and salary
  • Details of any assets and liabilities
  • Proof or ID (like a driver’s licence or passport)
  • Your residential address

Once you’ve applied, the turnaround should be quick. Sit tight, and within a couple of business days, your shiny new wheels could be the talk of your street!

How are Queensland Country Bank car loans rated?

Mozo users have rated Queensland Country Bank car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of car-loans
Queensland Country Bank car loans
Overall
Price
Features
Customer service
Convenience
Trust

5 Reviews

Recent Queensland Country Bank car loan reviews

Queensland Country Bank Car Loan
Overall 9/10
Awesome

They always make me feel special when I go in to see them about something special or trivial and they are always patient and understanding.

Read full review

They always make me feel special when I go in to see them about something special or trivial and they are always patient and understanding.

Price
8/10
Features
8/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Karen, Queensland, reviewed about 9 years ago
Queensland Country Bank Car Loan
Overall 10/10
Would recommend to everyone!!!

This bank has been so helpful, only bank to give my partner a chance with being so young and not having a permanent job.

Read full review

This bank has been so helpful, only bank to give my partner a chance with being so young and not having a permanent job.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Mozo community reviewer, Queensland, reviewed over 10 years ago
Queensland Country Bank Car Loan
Overall 6/10
Great

Great people.

Read full review

Great people.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
7/10
Less
Mozo community reviewer, Queensland, reviewed over 10 years ago
Queensland Country Bank Car Loan
Overall 10/10
Excellent sevvice and great customer service.

Great communication. Living in a rural town they were very good with sending information and explained everything to me in a away that I could understand. The rates were fair over the time of the loan.

Read full review

Great communication. Living in a rural town they were very good with sending information and explained everything to me in a away that I could understand. The rates were fair over the time of the loan.

Price
7/10
Features
5/10
Convenience
10/10
Trust
8/10
Less
Andrew, Queensland, reviewed about 11 years ago
See all car loan reviews
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