An innovative car loan that makes the road to getting your new car smoother.
Beyond Bank brings you a car loan that is not only competitively priced, but has flexible features that make financing your new car easier to manage. They've upped the features on their low rate loan with this "Special Offer", where you'll enjoy a competitive rate, repayment options that include a redraw facility and offset account, and loan terms up to 7 year(s).
You can start the search for your new car loan easily with Beyond Bank's pre-approval, and know that when you get your car you'll be taking on a competitive financing option.
|Product Name||Beyond Bank Low Rate Car Loan "Special Offer"|
|Interest Rate (p.a.)||From 5.69% (fixed)|
|Comparison Rate (p.a.)||5.97%|
|Interest Rate Type||Fixed|
|Minimum Loan Term||1 year|
|Maximum Loan Term||7 years|
|Min Loan Amount||$25,000|
- Low fixed interest rate
- No early repayment fees
- Flexible loan terms up to 7 years
- Establishment fee of $175
- Minimum loan amount of $25000
- Only for new cars, or cars that are less than two years old
Features to consider on the "Special Offer" loan
Before clicking "Go to Site", it's important to consider all aspects of this loan. Here are a few features to take note of:
- Competitive rate. The "Special Offer" on this loan means you can enjoy a competitive rate of 5.69% p.a..
- No early repayment fees. If you're able to pay back your loan early, you'll be able to do so without incurring any early repayment fees.
- Offset account. One of the most innovative features of this loan is the Car Budget Account, where you can reduce the amount of interest you pay by offsetting how much you owe.
- Pre-approvals. Want to know how much you can borrow before you start shopping around? You can, with Beyond Bank's pre-approval.
- Redraw. You can make as many additional repayments as you want without penalty, and if you do need to take back some of those extra payments, you can through Beyond Bank's redraw facility.
- Loan terms. Take on this car loan and repay it over a period of up to 7 year(s).
- Establishment fee. This loan comes with an of $175
- Car eligibility. You need to be looking to borrow at least $25,000. The car you're looking to finance also needs to be new, or less than two years old.
How you can apply for this loan
If you're interested in applying for this loan, or finding out more about pre-approval, just click "Go to Site" to submit your details.
Are you eligible for the loan? Make sure you meet the criteria below:
- You're over the age of 18
- You are an Australian citizen or permanent resident
- Your credit history is in good standing and you agree to a credit check
- You have a regular net income of over $2,000 per month
The application process should only take about 15 minutes to complete, and if you're applying with another person (a joint application) it might take about 20 minutes. You'll need the following details to complete the online application:
- Details of where you work, including the address
- If you've been employed less than a year, your previous employment details
- Your address and previous address if you've been there less than 12 months
- Details regarding your income
- Your financial details, including assets and liabilities
- Your driver's licence number
Beyond Bank offers a competitive car loan option, but before submitting your application, remember to compare this offering with similar loans to make sure it's right for you.