Bankwest - Secured Car Loan

The objectives, needs and financial situation of customers in the target market are:

Objectives and needs

• Require a loan for personal purposes including, but not limited to:
  • Purchase of a vehicle (e.g. car, motorcycle, motorhome)
  • Debt consolidation or
  • Travel
• Require a loan for a fixed amount and term.
• Require certainty of a fixed interest rate and repayments.
• Require an interest rate that is usually lower when compared to Bankwest’s Unsecured Basic Personal Loan.
• The ability to make additional repayments.
• Access to redraw surplus funds.

Financial Situation

• Meet Bankwest’s credit assessment criteria which includes demonstrating the capacity to make the required repayments without substantial hardship; and
• Can service a loan amount typically between $10,000 and $100,000.