Rates and fees verified as correct at 27 November, 2020. Other information correct at the time of writing. Advertiser disclosure.
|Product||Interest rate from||Comparison rate from||Upfront fee|
|New Car Loan (up to 3 years old, Variable, Secured)|| |
5.59% p.a.based on $30,000
|Secured Personal Loan (Variable)|| |
10.68% p.a.based on $30,000
|Unsecured Personal Loan (Variable)|| |
15.87% p.a.based on $10,000
WARNING: 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. 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.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
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...
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.
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.
Weekly, fortnightly or monthly. Choose a frequency that will match your budget nicely.
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.
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.
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.
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!
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.
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.
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:
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!
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.
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.
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.
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.