Beyond Bank Low Rate Car Loan review: Fees and rates | finder.com.au

Beyond Bank Car Loans

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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.

$175

Application Fee

4.69% (fixed)

Interest Rate (p.a.)

5.01%

Comparison Rate (p.a.)

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Details

Product NameBeyond Bank Low Rate Car Loan "Special Offer"
Interest Rate (p.a.)4.69% (fixed)
Comparison Rate (p.a.)5.01%
Interest Rate TypeFixed
Min Loan Amount$25,000

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 kind of car loans can you apply for?

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Beyond Bank Low Rate Car Loan
4.69% (fixed)
5.01%
$25,000
1 to 7 years
$175
$0
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.
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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.

Novated Lease

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

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More Info

Interest rate

From 4.69% p.a.

Interest rate

From 4.99% p.a.

Interest rate

From 4.67% p.a.

Comparison rate

5.01% p.a.

Comparison rate

5.34% p.a.

Comparison rate

5.22% p.a.

Loan term

1 to 7 years

Loan term

1 to 7 years

Loan term

3 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?

Compare more car loan providers

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.

Eligibility

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.

Documentation

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

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
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 that's up to two years old.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 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.
Credit Concierge Car Loan
From 3.85% (fixed)
4.91%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 (Includes PPSR registration fee)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
MoneyForJam Car Loan
From 3.25% (fixed)
5.82%
$5,000
1 to 7 years
From $1 to $990
$25
You'll receive a fixed rate from 3.25% p.a. based on your risk profile
Borrow between $5,000 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers.
CUA Secured Fixed Car Loan
6.79% (fixed)
7.16%
$5,000
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Stratton Finance New Car Loan
From 4.05% (fixed)
5.63%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 4.05% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
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.
NRMA Used Car Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

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.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

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.

Logo for RACV New Car Loans
RACV New Car Loans

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.

Logo for NRMA New Car Loan
NRMA New Car Loan

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.

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21 Comments

    Default Gravatar
    StubaJay
    March 6, 2017

    Is there car loans available for myself and my hubby to purchase 2 new cars with 1 joint secured personal loan?

    Default Gravatar
    Andrew
    October 26, 2016

    Do you refinance a car loan?

      Avatarfinder Customer Care
      Dee
      October 26, 2016

      Hi Andrew,

      Thanks for your question.

      Please note that we are Finder, a financial comparison and information website, not Beyond Bank.

      Yes, Beyond Bank Low Rate Car Loan is available for refinancing purposes. You can also compare other car refinancing loans through our page.

      Cheers,
      Anndy

      Avatarfinder Customer Care
      Jason
      October 26, 2016

      Hi Andrew.

      Thanks for your inquiry.

      You have come through to finder.com.au, we are a financial comparison and general information service and not Beyond Bank. There is an option that you can select to indicate that you’re using this loan to pay off a current debt when you fill out your online application. As long as the car you’re refinancing fits the eligibility criteria, you can apply for this loan.

      Cheers,
      Jason

    Default Gravatar
    David
    October 23, 2016

    is there an age limit on the car you are borrowing against

      Avatarfinder Customer Care
      Elizabeth
      October 24, 2016

      Hi David,

      There is no specific age limit but the age of your car can affect the rate you’re offered. Cars over 6 years old may get you a different rate.

      Hope this helps,

      Elizabeth

    Default Gravatar
    Ryan
    September 15, 2016

    How to loan a car for Uber business

      Avatarfinder Customer Care
      Elizabeth
      September 15, 2016

      Hi Ryan,

      Please check our Uber car financing guide to find out how to get a car loan for an Uber car.

      Hope this helps,

      Elizabeth

    Default Gravatar
    Fiona
    November 12, 2015

    My daughter who is employed full time in a professional job with a university degree and no other debits is looking at borrowing $25,000 for a new $43000 car over 7 years but planning to pay back early.She has other assets of Approx $35,000 and one credit union knocked her back as she rents a house with 2 others. They all pay $190 a week and are all listed on the lease. If one leaves they have a sublet clause so they can get someone else into a room but the credit union accessed her as having to pay $570 a week rent and would not accept her rent as $190 – how would beyond bank access her?.

      Avatarfinder Customer Care
      Elizabeth
      November 13, 2015

      Hi Fiona,

      Thanks for your question.

      We can’t really comment on Beyond Bank’s application process – each lender assesses applications differently. Usually, when applying for a personal loan, you will need to list your current expenses, assets and other details relating to your financial situation including any debts and income. In saying that, unless you are applying with your own bank (and they can see your outgoings) they can’t verify the information unless you can provide documentation showing you only pay $190 each week.

      It would be best to get in touch with Beyond Bank and discuss her eligibility and application, but if she meets the minimum criteria for this loan (age, income, employment) she can consider applying.

      Thanks,

      Elizabeth

    Default Gravatar
    stacey
    November 9, 2015

    Hi
    I am self employed and have been since April 2015. Is it possible to apply for a loan or do I have to wait until I have been in the business for 12months?
    If I can apply what would you need for evidence of income?

      Avatarfinder Customer Care
      Elizabeth
      November 9, 2015

      Hi Stacey,

      Thanks for your question.

      Beyond Bank will ask for your previous employment details as you have not been in business for more than a year. In saying that, as long as you meet the minimum criteria, as listed on the page above, you are able to apply. If you have questions regarding your eligibility, you may want to get in contact with Beyond Bank directly.

      Thanks,

      Elizabeth

    Default Gravatar
    Jess
    May 25, 2015

    Do you offer the same interest rates if you consolidate car loans?

      Avatarfinder Customer Care
      Matt
      May 25, 2015

      Hi Jess,

      Thanks for your comment. You’ve left your comment on finder.com.au – To find out more about rates offered you’ll need to click the “go to site” button and get in touch directly with Beyond Bank

      Cheers
      Matt

    Default Gravatar
    Andrew
    May 21, 2015

    The car loan does not mention caravans. Can the loan be used to fund the purchase of a caravan?

      Avatarfinder Customer Care
      Elizabeth
      May 25, 2015

      Hi Andrew,

      Thanks for your question.

      This loan is not suitable for financing a Caravan, but you can consider Beyond Bank’s Flexi Loan for this purpose. You can also compare your other Caravan loan options on this page. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this has helped.

      Thanks,
      Elizabeth

    Default Gravatar
    wyl
    May 13, 2015

    do u do car refinancing

      Avatarfinder Customer Care
      Elizabeth
      May 14, 2015

      Hi Wyl,

      Thanks for your question.

      Just to clarify you’ve come through to finder.com.au, a comparison service and not Beyond bank. When you fill out your online application there is an option to select that you’re using this loan to pay off a current debt. As long as the car you’re refinancing fits the eligibility criteria, you can apply for this loan.

      I hope this has helped.

      Thanks,

      Elizabeth

      Default Gravatar
      Vanaan
      June 26, 2018

      Best consolidate loans atm.

      Avatarfinder Customer Care
      Jhez
      June 27, 2018

      Hello Vanaan,

      Thank you for your comment.

      If you would like to transfer a loan to a credit card, you may refer to the cards offered by Citi, Coles, Qantas Money, and Virgin Money. Please click the link above to compare your options. If you have other debts you wish consolidate as well, you can more debt consolidation options.

      Please click the name of the lender or card you prefer to learn more about the rates and requirements. When you are ready, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Regards,
      Jhezelyn

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