Broli Finance Car Loan

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 6.29% p.a. with a comparison rate of 6.98% 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 6.29% p.a. for a secured loan, with a comparison rate of 6.98% 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.

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