Beyond Bank Car Loans
A flexible car loan that makes the road to getting your new car smoother.
The Beyond Bank Low Rate Car Loan has a number of features to help you manage your repayments. You'll receive a competitive rate, loan terms up to 7 years, as well as repayment options including a redraw facility and offset account.
You can also get pre-approved for a loan if you're still looking for a car.
3 things to know about the Beyond Bank car loan
- Car Budget account. You can use an offset account to reduce the amount of interest you pay.
- Free redraws. You can make additional repayments and then redraw on those payments without paying a fee.
- Get pre-approval for a loan. You can apply for a loan and be approved before you find the car you want to buy.
Interest Rate (p.a.)
Comparison Rate (p.a.)
Beyond Bank is one of the largest customer-owned banks in Australia. It has more than four billion dollars in assets under management, around 195,000 customers, and 49 branches. Before it started functioning as a bank, it was among the largest credit unions in the country. It operated as Community CPS Australia in South Australia and the ACT, as Companion Credit Union and Wagga Mutual Credit Union in New South Wales, as United Community Credit Union in Western Australia, and as Alliance One in regional northern South Australia.
This institution provides its customers a range of financial services and products, which comprise savings and transaction accounts, credit cards, home loans, personal loans, and car loans.
What's in this guide?
- What kind of car loans can you apply for?
- Features of the Beyond Bank low rate car loan
- Fees and charges
- Other car loan products offered by Beyond Bank
- Is your car eligible for a secured loan with Beyond Bank?
- How does Beyond Bank low rate car loan compare with other car loan providers
- How you can apply for the Beyond Bank low rate car loan
- Compare car loan providers
What kind of car loans can you apply for?
You can turn to Beyond Bank's Low Rate Car Loan "Special Offer" if you want to buy a new car or a car that is up to two years old. The minimum loan amount is $25,000, and you can borrow up to 100% of the car's value. An innovative offset account, a 'Car Budget Account', is available with this loan to help you reduce the interest you pay.
Features of the Beyond Bank low rate car 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. You'll get a competitive rate of 4.69% p.a. (comparison rate of 5.01% 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.
- Car Budget Account. You can use an offset account to help reduce the amount of interest you pay on your loan.
- Pre-approvals. You can be approved for a loan before you've found the car you want to buy.
- Redraw. You can make additional repayments and redraw on those repayments without penalty.
- Loan terms. Take on this car loan and repay it over a period of up to 7 years.
- Car eligibility. You can borrow a minimum of $25,000. The car you're looking to finance also needs to be new or less than two years old.
Fees and charges
- Establishment fee. This loan comes with an establishment fee of $175.
- Security documentation fee. You'll need to pay a security documentation fee of $25.
- PPSR fee. You'll be charged a fee of $35.
- There are no charges for making additional repayments, redrawing on those payments, or paying off your loan early.
Other car loan products offered by Beyond Bank
No Fee Car Loan
The minimum you can borrow through this secured loan is $10,000 and you can borrow up to 150% of the car's value. You can use this loan to buy a new car or one that is up to six years old. You can also use your existing car as security, and then use proceeds from the loan for just about any worthwhile purpose. Maximum loan term is 7 years.
Low Rate Car Loan
This loan allows you to borrow between $5,000 and up to 150% of the car's value, for a new car or one that is up to six years old. Maximum loan term is 7 years and environmental discounts are available.
Flexi Car Loan
You can borrow as little as $5,000 through this loan, and can repay the loan in up to 7 years. You get to choose between fixed and variable rates and you can also find environmental discounts to help you save.
This option enables businesses to facilitate motor vehicle leases for their employees, where employees remain liable for making lease payments. Employees benefit by making partial payments through pre-taxed income.
Is your car eligible for a secured loan with Beyond Bank?
As Beyond Bank offers a few secured loans it's important to check your car's eligibility before you apply. Here's a quick guide to whether your car is eligible:
- New cars or cars less than two years old are eligible for the Low Rate Car Loan Special Offer
- New cars or car that are less than six years old are eligible for the No Fee Car Loan or the Low Rate Car Loan
- New or used cars more than six years old can be eligible for a Low Rate Car Loan, No Fee Car Loan or the Flexi Car Loan
- You need to borrow a minimum of $5,000, or the minimum that is offered by the loan, up to 150% of the value of the vehicle
How does Beyond Bank low rate car loan compare with other car loan providers
From 4.69% p.a.
From 4.99% p.a.
From 4.67% p.a.
Comparison rate5.01% p.a.
Comparison rate5.34% p.a.
Comparison rate5.22% p.a.
Loan term1 to 7 years
Loan term1 to 7 years
Loan term3 to 5 years
Loan amount$25,000 to
Loan amount$2,000 to $75,000
Loan amount$5,000 to $100,000
Not what you're looking for?
How you can apply for the Beyond Bank low rate car 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 with no unpaid defaults or declarations of bankruptcy 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. 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.
Compare car loan providers
Car Loan OffersImportant Information*
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.
You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.