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Community First Bank New Car Loan - Variable

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Application Fee
$249
Interest Rate (p.a.)
From 6.29% (variable)
Comparison Rate (p.a.)
7.34%

Summary

Buy a new car, motorbike, caravan or boat and benefit from a competitive variable rate.

This loan from Community First offers a competitive rate and low monthly fee to help keep your repayments manageable. If you’re buying a new car, motorbike, boat or caravan valued at over $10,000, this may be an option to consider. Find out more about the loan below.

In this guide

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  • Details
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Details

Product details

Product Name Community First Bank New Car Loan - Variable
Interest Rate (p.a.) 6.29%
Comp. Rate (p.a.) 7.34%
Interest Rate Type Variable
Min Loan Amount $10,000

Main points to consider with the Community First New Car Loan

This loan comes with a competitive variable rate of 6.29% p.a. and an ongoing monthly fee of $10. It can only be used to finance new car purchases and loan amounts are available from $10,000. Loan terms can extend up to 7 years.

Features on offer with this loan

If you're looking for a convenient way to finance your car, consider the following features Community First offers with this loan:

  • Loan amounts. Apply for any amount between $10,000.
  • Choice of loan term. You can choose loan terms to suit your needs and budget. Loan terms between 1 to 7 years are available.
  • Eligible vehicles. You need to be purchasing a brand new car, a demonstrator vehicle, a new registrable motorbike, new caravan or a new boat.
  • Competitive rate. You'll enjoy a variable rate, currently 6.29% p.a., with this loan.
  • Low ongoing fees. This loan comes with a monthly fee of $10. Keep in mind an establishment fee of $249 also applies, PPSR included.

How you can apply for the Community First's New Car Loan

If this sounds like the right loan for you, you can get your application started by clicking "Go to Site". Make sure you meet the following criteria before you start your application.

You must:

  • Be over the age of 18
  • Have a regular income
  • Be an Australian citizen, permanent resident or be on an approved working visa
  • Have not had any defaults in the last five years
  • Have been in your current job longer than three months

Keep the following information on hand so you can complete your application:

  • Personal details such as your name, current and previous address, phone number and email address
  • Details of your income, employment, assets and debts

After you submit your application, a representative from Community First will contact you within 24 to 48 hours to discuss the next steps.

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
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
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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
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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
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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
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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.)
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
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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%
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Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
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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.
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