Do you want to make buying a used car a little easier? Our used car loans can help with low rates, no ongoing fees, redraw facilities and a break cost for fixed rates.
Plus with flexible repayments you'll be able to tailor your loan to suit your needs. Our used car loan is the perfect way to get where you're going.
- The vehicle cannot be older than 12 years at the completion of the loan contract
- We accept additional repayments so you can pay off your loan faster, and you won’t be penalised for paying off your loan early3
- We offer 1-5 year Fixed Interest Rate options so you can avoid interest rate rises
- Our flexible Used Car Loans start at $5,000, with no maximum
- Interest calculated daily and charged monthly in arrears
- Choose weekly, fortnightly or monthly repayments, whatever suits you
- Take advantage of free Redraw with a $500 minimum
- The Break Cost Fee only applies during fixed rate period
- Secure a loan for up to 7 years
- When applying, ask about optional Loan Repayment Insurance4
Rates & Fees
Used Car Loan (L32) Interest Rates Rate Standard Used Car Loan Interest Rates Variable Interest Rate 9.79% p.a. Comparison Rate 1 10.83% p.a. Fixed Interest Rate 1-5 Years Yes, refer to Interest Rates Page Fees Application Fee 2 $0 Establishment Fee $150 Monthly Fee $0 Annual Fee $0
Principal and interest repayments.
We require a Goods Security Agreement on the motor vehicle for all Car Loans. Your motor vehicle must also be registered in the name of the borrower
Car Loan Interest Rates effective 31 October 2017. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
1. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.
2. Only payable if loan is funded.
3. No early repayment penalty is applicable on a variable rate. A break cost fee applies during periods of fixed interest.
4. This insurance product is issued by Insurance Australia Limited ABN 11 000 016 722, AFSL 227 681 trading as CGU Insurance. This is general information only and may not suit your particular circumstances. Before making decisions about insurance products you should consider the appropriateness of the information having regard to your circumstances and the Product Disclosure Statement available by calling 1800CGU CCI (1800 248 224)