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Beyond Bank Car Loans

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Beyond Bank Low Rate Car Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Application Fee
$175
Interest Rate (p.a.)
6.49% (fixed)
Comparison Rate (p.a.)
6.86%
Max Loan Amount
$125,000

Summary

A flexible car loan that makes the road to getting your new car smoother.

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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.

Pros

  • Low fixed interest rate
  • No early repayment fees
  • Flexible loan terms up to 7 years

Cons

  • $175 establishment fee
  • Minimum loan amount of $5,000
  • Only for new cars or cars less than two years old

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Beyond Bank Low Rate Car Loan "Special Offer"
Interest Rate (p.a.) 6.49%
Comp. Rate (p.a.) 6.86%
Interest Rate Type Fixed
Min Loan Amount $5,000
Max Loan Amount $125,000

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?

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Beyond Bank Low Rate Car Loan "Special Offer"
Fixed1 - 7 Years $5,000 - $125,000
Interest Rate (p.a.)
6.49%
Comp. Rate (p.a.)
6.86%
Application Fee
$175
Monthly Fee
$0
Monthly Repayment
$618.25
More Info
You'll receive a fixed rate of 6.49% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
Beyond Bank Flexi Car Loan
Fixed1 - 7 Years $5,000 - $125,000
Interest Rate (p.a.)
12.49%
Comp. Rate (p.a.)
12.78%
Application Fee
$195
Monthly Fee
$0
Monthly Repayment
$675.5
Beyond Bank Low Rate Car Loan
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.99%
Comp. Rate (p.a.)
8.37%
Application Fee
$195
Monthly Fee
$5
Monthly Repayment
$637.74
You'll receive a fixed rate from 7.99% p.a.
Apply for Beyond Bank Car Loan and enjoy a great low fixed interest rate with no ongoing fees.
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Showing 3 of 3 results

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 $5,000, and you can borrow up to 100% of the car's value.

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 6.49% p.a. (comparison rate of 6.86% 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.
  • 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 $5,000. 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

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.

Flexi Car Loan

You can borrow as little as $5,000 and repay this loan with a fixed interest rate over a period of up to 7 years.

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 Low Rate Car Loan
  • New or used cars more than six years old can be eligible for the Flexi Car Loan
  • You need to borrow a minimum of $5,000, or the minimum offered by the loan. For the low rate car loan only, this can be up to 150% of the value of the vehicle.

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

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1 - 11 of 108
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Simplify New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
Credit Concierge New Car Loan
Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% 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.
Credit Concierge Used Car Loan
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
Go to siteMore Info
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Simplify Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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Elizabeth Finder

Lead Editor

Hi there, looking for more information? Ask us a question.

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Avatar

Monti

March 05, 2017

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


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Anndy Lou Finder

March 06, 2017

Hi Monti,


Thanks for your question.


You can read more details about applying for a joint secured car or personal loan on our website.


Cheers,

Anndy


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Andrew

October 26, 2016

Do you refinance a car loan?


Avatar

Anndy Lou Finder

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


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Jason Finder

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


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David

October 23, 2016

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


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Elizabeth Barry Finder

October 23, 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


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Ryan

September 14, 2016

How to loan a car for Uber business


Avatar

Elizabeth Barry Finder

September 14, 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


Avatar

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?.


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Avatar

Elizabeth Barry Finder

November 12, 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


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