My first car loan

Buying your car is an exciting experience. Make the experience even sweeter with a car loan with a great rate.

Overview

Get rewarded for being a safe driver!

If you buy a safe used car which has a 4 or 5 star rating1, we'll reward you with a discounted interest rate.

Benefits

You can enjoy the following benefits:

  • competitive interest rates
  • loans from $3,000.

Eligibility

To be eligible, you must:

  • be a BankVic member
  • be aged between 18 – 25 years
  • meet our lending assessment criteria applying to all credit applications and
  • be buying your first car.

Features

Features of My first car loan include:

  • flexible repayment options fixed interest rate term options of 1 – 5 years.


Rates & fees

Rates

 
 Rate paComparison rate pa
Safe used car17.99%8.12%
My first car7.99%8.12%
New car 
6.99%7.12%
Used car8.99%9.12%

All BankVic car loans are secured by a goods mortgage. Rates effective 1 Jul 2016 and subject to change at any time.
Comparison Rates: WARNING: These comparison rates are 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. Fees and charges apply. Information on Terms & Conditions, fees & charges and interest rates are available upon application or request.  Comparison rates have been calculated for a secured used car loan for an amount of $30,000 over a term 5 years.

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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