When looking for financing for your car loan, the main thing you should be looking at is interest rate. loans.com.au New Car Loan has a low fixed interest rate of 5.44% (comparison rate) which is good for any car loan.
Every car requires its’ own personalised loan amount, that’s why the loans.com.au New Car Loan allows borrowing between $5,000 and $100,000.
The weekly, fortnightly and monthly options let you customise your repayments to fit your cash flow schedule. The loan also allows you to choose between the variable 3 - 5 year loan terms. So you can tailor you repayments to whatever’s preferable to you and your budget.
Who it's good for:
Anyone looking for a low rate when financing their new or up to 4 year old car has reason to look into loans.com.au New Car Loan.
If you are interested in repaying your loan in its last year, then you’ll be able to do so with no extra costs. But if you want to do it any earlier, you’ll be hit with a $700 early repayment fee. So before deciding to take out the loan, make sure you choose the loan term that best suits your budget.
Also, the $400 upfront application fee is fairly high, but this is largely offset by its lack of ongoing fees and low interest rate.