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$250
Application Fee
From 6.99% (fixed)
Interest Rate (p.a.)
8.05%
Comparison Rate (p.a.)
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Product Name | Commonwealth Bank Secured Car Loan |
---|---|
Interest Rate (p.a.) | From 6.99% (fixed) |
Comparison Rate (p.a.) | 8.05% |
Interest Rate Type | Fixed |
Min Loan Amount | $10,000 |
This is a secured loan, so you will need to put the value of your car up against the loan for security in case you are ever unable to make your repayments. The Secured Car Loan from Commonwealth Bank has a fixed interest rate and a fixed repayment schedule so that you can know when and how much your repayments will be. You are able to choose if you’d like to make your repayments weekly, fortnightly or monthly and you are able to make additional repayments up to $1,000 annually. This loan can only be used for buying a new car or a used car that is less than five years old. If you are looking to use some of the funds for other purposes, Commonwealth Bank also offers an Unsecured Fixed Rate Personal Loan to meet your needs.
Ensure that this car loan is one that will work best for what you need, and once you're ready to submit an application, click "Go to Site" to begin.
You will be asked for details from the following documents when you are applying:
A car is a large purchase and is a decision that should not be taken lightly. Always think about what you want and need when it comes to taking out a loan for a car and compare a range of car loans to find what suits you and your financial situation best.