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.
|Product Name||Beyond Bank Low Rate Car Loan "Special Offer"|
|Interest Rate (p.a.)||5.69% (fixed)|
|Comparison Rate (p.a.)||5.97%|
|Interest Rate Type||Fixed|
|Min Loan Amount||$25,000|
- Low fixed interest rate
- No early repayment fees
- Flexible loan terms up to 7 years
- $175 establishment fee
- Minimum loan amount of $25,000
- Only for new cars or cars less than two years old
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 5.69% p.a. (comparison rate of 5.97% 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.
You will not be charged a fee for making additional repayments, redrawing on those payments, or paying off your loan early.
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 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.