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Bank First - New Car Loan

Secured | Variable

The Bank First New Car Loan offers an advertised interest rate from 9.79% p.a. and a comparison interest rate from 10.07% p.a.. The Bank First New Car Loan is a Variable rate, Secured loan with a minimum borrowing range of $10,000 and a loan repayment term of between 1 and 7 years.

More Bank First New Car Loan details can be found below or visit Bank First to learn more or apply.

Compare Car LoansProduct Image For Bank First - New Car Loan - Secured | Variable
A Secured loan with an advertised rate of 9.79% p.a. and comparison rate of 10.07% p.a.
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Advertised Rate

9.79% p.a. Variable

Comparison Rate

10.07% p.a.

Loan Term

1 to 7 years

Borrowing Range

$10,000
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Interest

Rate Type
Variable
Advertised Rate
9.79% p.a.
Variable
Comparison Rate
10.07% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily

Loan Security

Loan Security
Secured
Secured By
Goods security agreement on the motor vehicle.

Loan Terms

Loan Term
1 to 7
years
Borrowing Range
$10,000
Repayment
Monthly, Weekly, Fortnightly

Features

Extra Repayments Allowed
Yes
Redraw Available
Yes

Fees

Establishment Fee
$195
one off
Loan Service Fee
$0
per month
Late Payment Fee
$20
per event

Who is the product designed for?

The retail clients for whom this product has been designed are individuals who:

  • Are seeking a loan for the purchase of a new motor vehicle that is less than 12 months old
  • Are aged 18 years or more and meet the credit assessment criteria for the product
  • Are able and willing to offer acceptable security for the loan
  • Require the flexibility to make additional repayments and an ability to redraw advance repayments as required

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