| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| All Purpose Loan (Fixed, Unsecured) |
8.75% p.a. |
9.44% p.a.based on $10,000 |
$100.00 |
| All Purpose Loan (Variable, Unsecured) |
11.99% p.a. |
12.69% p.a.based on $10,000 |
$100.00 |
| Car Loan (Fixed, Secured) |
6.14% p.a. |
6.82% p.a.based on $10,000 |
$100.00 |
| Car Loan (Variable, Secured) |
8.99% p.a. |
9.68% p.a.based on $10,000 |
$100.00 |
As you may have seen in the table featuring UniBank’s loans above, all of its car financing options come with variable interest rates, meaning there’s a possibility of a future rate change. In return for your flexibility, a UniBank car loan will give you some nifty features to play with like a free redraw facility and won’t charge you for paying your loan out early.
It’s entirely up you, but secured loans wind up cheaper in the long run because you pay interest at a lower rate. Of course, by including your vehicle in the contract as collateral, UniBank can reclaim your car if you fold on your loan. Not so keen on that idea? Opt for the unsecured version dubbed the “All Purpose Loan” instead.
Yes, and your ride will qualify as security if it’s under 10 years old. Otherwise, you can choose the All Purpose Loan and select any car you like! Just keep in mind, you’ll only be offered the lowest rate loan if you purchase a shiny new set of wheels.
Select a secured car loan and you can potentially borrow $2k to $50k, or up to $80k with the unsecured loan option.
For sure. Choose from a weekly, fortnightly or monthly loan repayment frequency.
Secured loans can range from 1 to 8 years, while terms on unsecured loans are capped at 6.
If you want to cut down your debt, make additional loan repayments when you like at no extra cost. You’ll can also dip into those funds via a redraw facility when you need the extra cash.
You’ll wave goodbye to your loan sooner rather than later while not facing break costs.
Applying for a car loan with UniBank is easy! All you need to do is fill out an online form, give the customer service line a ring or visit one of its Western Australian branches. Have the following pieces of information ready to go when you do it:
Once UniBank has everything they need from you, you’ll be assessed and hear back from them in a couple of business days at most. Good luck!
Mozo users have rated UniBank car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
3 Reviews
Customer service was fantastic and very informative. Repayment options were flexible which was perfect for me, and the ability to pay-out anytime with no fees is so helpful. Have absolutely nothing negative to say about UniCredit.
Read full reviewCustomer service was fantastic and very informative. Repayment options were flexible which was perfect for me, and the ability to pay-out anytime with no fees is so helpful. Have absolutely nothing negative to say about UniCredit.
Very friendly efficient staff
Read full reviewVery friendly efficient staff
UniCredit has offered me highly personalised service over a period of approximately 8 years. In this time, I have had numerous loans all prepared by the same person in the same branch. Competitive interest and personal service makes this product stand out from the rest.
Read full reviewUniCredit has offered me highly personalised service over a period of approximately 8 years. In this time, I have had numerous loans all prepared by the same person in the same branch. Competitive interest and personal service makes this product stand out from the rest.