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Broli Finance Car Loan
Get access to a range of lenders with the Broli Finance car loan
If you need a car loan, Broli Finance gives you access to 30 lenders to help find the finance option that's right for you. You can use the loan for a new or used vehicle, or to refinance an existing vehicle and can be approved in an hour. It also provides commercial car loan to fund a vehicle purchase for your business. Find out if it's right for you below.
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Details
| Product Name | Broli Finance Consumer Car Loan |
|---|---|
| Interest Rate (p.a.) | From 4.45% (fixed) |
| Comparison Rate (p.a.) | 5% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max Loan Amount | $150,000 |
What's in this guide?
Main points to consider with the Broli Finance car loan
Broli Finance consumer car loan
You can choose either a secured or unsecured loan and can use the loan to finance a car, motorbike, caravan or boat. You can borrow from $5,000 to $150,000 on a secured loan, or borrow up to $50,000 on an unsecured loan.
Rates start from 4.45% p.a. with a comparison rate of 5% p.a. on a secured loan, but will vary depending on the lender that is used. You can get a loan term of 1 year -to- 7 years for a secured loan, or 1 year -to- 5 years for an unsecured loan.
Broli Finance commercial car loan
You can borrow up to $300,000 on a secured loan for a term of 1 year to 7 years. The loan can be used for new or used vehicles, including cars, boats, motorbikes and caravans.
Once you make an inquiry, Broli will assign you a personal finance expert to help you through the approval and buying process.
Features of a Broli Finance car loan
- Competitive fixed rates. Rates start from 4.45% p.a. for a secured loan, with a comparison rate of 5% p.a.
- Secured or unsecured. You can choose to use the vehicle as security against the loan, or opt for an unsecured loan.
- Flexible loan amounts. You can borrow from $5,000 to $150,000 on a secured loan or up to $50,000 on an unsecured loan for a consumer car loan. For a commercial car loan, you can borrow between $10,000 and $300,000 on a secured loan.
- Access to multiple lenders. Broli uses over 30 lenders and 80 products to help find a loan that suit your needs.
- Fast approval. Loans can be approved in as little as one hour.
- Flexible loan terms. You can repay the loan over 1 year -to- 7 years with a secured loan or from 1 year to 5 years for an unsecured loan.
- Free vehicle history checks and valuations. Once you have been approved for a loan, Broli will provide free vehicle checks to help you find a suitable car.
- Flexible repayment options. You can make payments on a weekly, fortnightly or monthly basis. For a commercial car loan, payments can be arranged to match the cash flow of your business.
- Balloon payment option for commercial car loan. You can choose to reduce your repayments and instead make a final lump sum payment at the end of the loan term.
How much does the loan cost?
You will need to pay the following fees as part of the loan:
- Establishment fee. You will pay a $375 application fee.
- Monthly fee. You will also pay an ongoing service fee of $5 as part of the loan.
- Late repayment fee. You might also need to pay a missed payment fee if you fail to make a repayment on time.
How does Broli Finance Car Loan compare with other car loan providers
 |  |  |
| More Info | ||
Interest rate From 4.45% p.a. | Interest rate From 4.99% p.a. | Interest rate From 4.67% p.a. |
Comparison rate 5% 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 $5,000 to $150,000 | Loan amount $2,000 to $75,000 | Loan amount $5,000 to $100,000 |
Not what you're looking for? | ||
Other commercial car loan options
Broli Finance also offers the following vehicle finance options:
Chattel mortgage
This is a business car loan that gives you immediate ownership of the vehicle, which is then paid off over a set term. You can claim the GST of the purchase and deduct the interest from your taxable revenue.
Novated lease
Your employee can lease a car using their pre-tax income to help save on tax. Your business arranges for lease payments to be taken directly from their income.
Commercial hire purchase
The lender will purchase a vehicle on behalf of your business, which is then leased for a set term. You then take ownership of the vehicle at the end of the loan term, provided you have completed your repayments.
How to apply for a Broli Finance car loan
You can begin your application by clicking "Go To Site" above.
Eligibility
You will need to meet the following criteria to be eligible for a loan:
- Be 18 or older
- Be a permanent resident of Australia
- Be currently employed
Documentation
You can apply by phone or online, and will also need to provide the following information as part of your initial inquiry:
- Name and contact details
- Business name and details (when buying a vehicle for your business)
- Loan amount required
If you're looking to finance a new or used vehicle, Broli Finance can help find you a loan from over 30 lenders.
You should always compare a number of car loan options before deciding on the one that is right for you.
