Northern Inland Credit Union - Used Car Loan
Secured | Variable | Vehicles from 6 to 10 years old
The Northern Inland Credit Union Used Car Loan offers an advertised interest rate from 9.99% p.a. and a comparison interest rate from 10.82% p.a.. The Northern Inland Credit Union Used Car Loan is a Variable rate, Secured loan with a borrowing range of between $5,000 and $100,000 and a loan repayment term of between 1 and 7 years.
More Northern Inland Credit Union Used Car Loan details can be found below or visit Northern Inland Credit Union to learn more or apply.
A Secured loan with an advertised rate from 9.99% p.a. and comparison rate from 10.82% p.a.
Advertised Rate
9.99% p.a. Variable
Comparison Rate
10.82% p.a.
Loan Term
1 to 7 years
Borrowing Range
$5,000 to $100,000
Interest
Rate Type
Variable
Advertised Rate
9.99% p.a.
Variable
Comparison Rate
10.82% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Vehicle between 6-10 years old.
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$5,000 to $100,000
Repayment
Fortnightly, Weekly, Monthly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$200
one off
Loan Service Fee
$8
per month
Who is the product designed for?
This product is suitable for retail clients who:
- Are seeking a loan for any worthwhile purpose including to make a purchase or to consolidate an existing debt
- 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 so as to secure a lower interest rate
- Need the flexibility to make additional repayments and a contractual right to redraw advance repayments as required.
Visit Northern Inland Credit Union to view Target Market Determination Effective From: 2021-10-05.
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