Car loan

When you take a car loan with us, you’ll have peace-of-mind knowing that there are no hidden fees and that all costs relating to your loan are clearly explained to you upfront.

Overview

Benefits

You can enjoy the following benefits:

  • competitive  fixed rate loans
  • interest calculated daily and debited monthly in arrears
  • ability to make unlimited additional repayments
  • no penalties for early repayments
  • easy payment through direct credit or regular payments from your BankVic account
  • flexible repayment options – weekly, fortnightly or monthly.

Eligibility

To be eligible, you must:

  • be a BankVic member
  • be 18 years and over, and
  • meet our credit assessment criteria.

Features

Features of our car loan include:


Rates & fees

Rates

 Rate paComparison rate pa
New car 
6.99%7.12%
Used car8.99%9.12%
My first car17.99%8.12%
Safe used car27.99%8.12%

1 Only available to 18 - 25 year olds.
2 Safe used car: a car that   has achieved a four or five star rating, with either the Australasian   New Car Assessment Program (ANCAP) or Used Car Safety Ratings program (UCSR). Visit ancap.com.au or howsafeisyourcar.com.au to access individual  rating details. 
Rates effective 1 Jul 2016 and subject to change at any time.
Minimum loan amounts: New car $20,000; Used car $5,000; My first car $3,000. 
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate has been calculated for a secured new or used car loan for an amount of $30,000 over a term of 5 years. All BankVic car loans are secured by a goods security agreement.

Fees & charges

Refer to Fees & Charges (PDF) for information on current fees & charges.

Apply now

3 easy ways to apply

Before you apply...

We recommend that you read our Credit Guide (PDF).

BSB: 704 230

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