Beyond Bank logo

Beyond Bank No Fee Car or Personal Loan

Advertiser disclosure
Interest rate from
7.49% p.a.
Comparison rate from
7.49% p.a.based on $30,000
over 5 years
Upfront fee
$0

Mozo editorial review Beyond Bank No Fee Car or Personal Loan

Last updated: 2 February 2021.

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What's hot
  • No upfront or ongoing fees
  • No early repayment penalty
  • Extra repayments and redraws allowed
What's not
  • Minimum loan amount $10,000
Mozo snapshot

After a car or personal loan but don’t want to pay any fees? Meet the Beyond Bank No Fee Car or Personal Loan. Not only will you not spend a cent on upfront or ongoing fees on this loan, there are also no additional charges if you pay down the loan early. With a bunch of repayment schedule options and both extra repayments and a redraw facility, with this loan you can repay your debt in the way that suits you and your budget.

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Key features

Whether you're looking to buy a car, fund a wedding, renovate or consolidate your debt, the Beyond Bank No Fee Car or Personal Loan could be what you need. This loan comes with a fixed interest rate of 7.49% (7.49% comparison rate*) and allows customers to borrow $10,000 or more. Plus, borrowers can choose a term from 1 to 7 years. 

The real drawcard on this loan is that there are no fees. That’s right, absolutely no additional fees on top of your repayments. This means you won’t pay an application, service, late payment, exit or early repayment charge over the entire life of the loan. 

Also need flexibility when it comes to paying back the loan? Well, you may be pleased to know that Beyond Bank offers borrowers either a weekly, fortnightly or monthly repayment schedule. And on top of that, there’s the option to make free extra repayments and access a redraw facility whenever needed.

snapshot
Who is it good for

This loan could be the perfect choice for someone looking to borrow upwards of $10,000 for the purchase of a car (under 6 years old) or who has a vehicle to put against the loan as collateral.

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Any catches

It’s important to remember that this product is a secured loan, meaning you’ll have to put your car, or the car you intend to buy, up as collateral. The vehicle must be 6 years old or less. 


Also bear in mind that the minimum borrowing amount on this loan is $10,000, so if you are after a smaller loan the Beyond Bank Low Rate Car or Personal Loan may be better suited.

Details

Rates and fees information correct as at 12 May 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 7.49% p.a. fixed

  • 7.49% p.a.based on $30,000
    over 5 years

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits
  • $10,000.00

  • none

  • 1 Year

  • 7 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Maximum age of vehicle is 6 years.

  • 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.

Customer Reviews

How are Beyond Bank personal loans rated by the Mozo community?

Overall
8.3/10
Price
8.0/10
Features
7.2/10
Customer service
8.8/10
Convenience
8.5/10
Trust
8.5/10
Thumbnail icon for Beyond Bank

About Beyond Bank

Beyond Bank, formerly Community CPS, is one of Australia's largest customer owned banks. Based in South Australia, Beyond Bank operates more than 46 branches across the country. Beyond Bank offers a wide range of banking and financial products including home loans, credit cards, savings accounts, term deposits, bank and and business accounts, and personal loans. The winning combination of great products and local service has helped Beyond Bank win many industry awards, including Best Credit Union in the Mozo People's Choice Awards 2012.

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