The details shown below are for a fixed loan of at least $5,000
The details shown below are for a variable loan of at least $10,000
The details shown below are for a fixed loan of at least $10,000
The details shown below are for a variable loan of at least $10,000
Choose the version of this loan that suits you best
| Loan type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
|
|
Fixed | Discounted Green Car Loan (Fixed, Secured) | $5,000 | |
|
|
Variable | Discounted Green Car Loan (Variable, Secured) | $10,000 | |
|
|
Fixed | Green Car Loan (Fixed, Secured) | $10,000 | |
|
|
Variable | Green Car Loan (Variable, Secured) | $10,000 |
Loan: $5,000
Loan: $10,000
Loan: $10,000
Loan: $10,000
Going green for your next car? Well, Bank First’s Green Car Loan is designed to fund lower emissions vehicles. There is the option of a fixed or variable interest rate on this loan, both which start at 5.19% p.a. (5.56% p.a. comparison rate*). Customers have flexible repayment options, with extra repayments and redraws, plus Bank First charges no ongoing fees.
Whether it’s low emissions, a hybrid or a fully electric car, the Bank First Green Car Loan might be the loan you’ve been searching for.
There are two types of interest rates available on this product, fixed or variable. Designed for vehicles with a CO2 value of 180g/km or less, rates start at 5.19% p.a. (5.56% p.a. comparison rate*) on both the fixed and variable options. With this loan customers are able to borrow upwards of $10,000 (no maximum limit) and can pay it back over one to seven years.
There’s plenty of flexibility when it comes to making repayments. Bank First allows customers to choose from a weekly, fortnightly or monthly repayment plan, while offering the ability to make extra repayments and redraws whenever they like.
When it comes to fees there are no ongoing service charges attached to this loan. Plus, for those that opt for the variable rate there is no early repayment penalty for paying down the entire loan ahead of time. However, fixed loans can come with break costs. Also don’t forget to budget for a $195 upfront application fee.
Bank First’s Green Car Loan could be a good option for someone looking to buy an eco-friendly vehicle with a loan that gives plenty of choice. Whether you’re after variable or fixed loan, a range of loan terms, want to align your repayments with your pay or like the idea of extra repayments, with this loan it’s all up to you.
There is a minimum of $500 per redraw to be mindful of and remember, you can only redraw on your extra repayments not your regular ones.
Also watch out for the $20 late payment fee if you miss a regular repayment.
|
Fixed |
|
|
5.29% p.a. fixed |
|
|
5.56% p.a.based on $30,000 |
|
$195.00 |
|
|
$0.00 |
|
|
$20.00 |
|
|
n/a |
|
|
Break Cost Fee Applies |
|
$5,000.00 |
|
|
none |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Minimum Redraw of $500. Car must have C02 value of 180 g/km or less as rated by the Australian Government Green Vehicle Guide. |
|
|
none |
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.
|
Variable |
|
|
5.29% p.a.variable |
|
|
5.56% p.a.based on $30,000 |
|
$195.00 |
|
|
$0.00 |
|
|
$20.00 |
|
|
n/a |
|
|
$0.00 |
|
$10,000.00 |
|
|
none |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Minimum Redraw of $500. Car must have C02 value of 180 g/km or less as rated by the Australian Government Green Vehicle Guide. |
|
|
none |
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.
|
Fixed |
|
|
8.29% p.a. fixed |
|
|
8.57% p.a.based on $30,000 |
|
$195.00 |
|
|
$0.00 |
|
|
$20.00 |
|
|
n/a |
|
|
Break Cost Fee Applies |
|
$10,000.00 |
|
|
none |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Minimum Redraw of $500. Car must have C02 value of 180 g/km or less as rated by the Australian Government Green Vehicle Guide. |
|
|
none |
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.
|
Variable |
|
|
8.29% p.a.variable |
|
|
8.57% p.a.based on $30,000 |
|
$195.00 |
|
|
$0.00 |
|
|
$20.00 |
|
|
n/a |
|
|
$0.00 |
|
$10,000.00 |
|
|
none |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Minimum Redraw of $500. Car must have C02 value of 180 g/km or less as rated by the Australian Government Green Vehicle Guide. |
|
|
none |
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.
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
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Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
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Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.89% p.a.
6.39% p.a.to 8.49% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
5.95% p.a.to 17.45% p.a.
6.79% p.a.to 17.86% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
NOW Finance
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5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
loans.com.au
New Car Loan - Prime Special
6.09% p.a.
6.64% p.a.based on $30,000
over 5 years
Latitude
Car Loan
6.99% p.a.
8.24% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
4.49% p.a.to 13.59% p.a.
5.31% p.a.to 14.49% p.a.based on $30,000
over 5 years
Great Southern Bank
Secured Car Loan (Fixed)
6.79% p.a.
7.16% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.89% p.a.
6.39% p.a.to 8.49% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
5.95% p.a.to 17.45% p.a.
6.79% p.a.to 17.86% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
