On the hunt for the right loan to get you into the driver’s seat of your dream car? Well, with competitive fixed rates from 8.34% p.a. (9.87% p.a. comparison rate)* on loans between $10,000 and $99,000, the 2022 Mozo Experts Choice Award winning Secured Car Loan from Wisr could do just the trick.
Wisr offers tiered interest rates on their car loans, so the interest rate that you will get will be personalised to your credit rating. Interest rates start from as low as 8.34% p.a. (9.87% p.a. comparison rate)* but can go up to 16.74% p.a. (16.77% p.a. comparison) and are fixed for the duration of the loan term.
The Wisr Secured Car Loan has loan terms from 3 to 7 years on loan amounts between $10,000 and $99,000. There is a steep $605 upfront application fee, a $10 service fee each month, and $25 late payment fee should you ever miss a payment.
The loan comes with a bunch of top-notch features, like flexible weekly, fortnightly and monthly repayment options, so you can tailor your regular repayments to suit your budget or pay schedule. Plus, with the ability to make extra loan repayments, you’ll have the freedom to pay your loan off and become debt-free even quicker.
Keep in mind that this is a secured loan, so your new car will be used as a security asset against the loan should you ever default on the loan.
The Wisr Secured Car Loan could be a great option for most Aussies, however, with a super-low $10,000 minimum loan amount ($99,000 maximum) it could be well-suited to first-car buyers or other borrowers who wish to borrow smaller amounts of money. It could also be a great choice for borrowers with a good credit history as you could be rewarded with a better interest rate.
The Wisr Secured Car Loan does charge a $605 upfront application fee along with a $10 service fee each month, as well as a $25 late payment fee should you make a late payment. Also, keep in mind that while this loan does allow extra loan repayments, it doesn’t offer a redraw facility, so you won’t be able to redraw on any extra repayments you make should you need access to extra funds.
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Fixed |
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|
8.34% p.a.to 16.74% p.a. fixed |
|
|
9.87% p.a.to 16.77% p.a.based on $30,000 |
|
$605.00 |
|
|
$10.00 |
|
|
$25.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$10,000.00 |
|
|
$99,000.00 |
|
|
3 Years |
|
|
7 Years |
|
|
Vehicle |
|
- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
no |
|
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Establishment fees are $605 for refinance and dealer sale, $605 for private sale |
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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.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
9.14% p.a.to 11.19% p.a.
9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.
$8.00