How much are the repayments on a $30,000 car loan?

This depends on the interest rate and the fees that apply, along with the loan term. For example, with a 5% interest rate over 5 years, repayments would be about $566 per month. Use Finder's loan calculator to get a personalised estimate.

Which bank is best for car finance?

A good car loan in Australia is available from banks, non-banks and credit unions . You will generally pay more in interest rates for an unsecured car loan than a secured loan, as the secured loan is less risky for the lender. They know they can repossess the secured asset (your car) if you stop making payments, and they offer a lower interest rate as a reflection of this reduced risk. The best bank for you will depend on your specific situation.

Which bank offers the best car loan interest rate?

A great car loan interest rate in Australia is generally below 8%, with anything under 6% considered best in market in the current climate. Interest rates change regularly, and you will generally pay more for an unsecured car loan than a secured loan, as the secured loan is less risky for the lender. As rates change daily, the best loan on the market changes regularly.

What is the current interest rate for car loans in Australia?

Current car loan rates generally range between 6% and 16%, depending on your risk profile, repayment history, and the size and type of the loan. Interest rates may go as high as 19%.