Greater Bank New Car Loan

Get your car loan application approved in as little as 24 hours with no fees charged for early repayment.

Greater Bank approves new car loans within 24 hours, offering borrowers flexible repayment terms over 1 to 7 year(s). You pay no monthly or annual fees and you can repay the balance of the loan early without paying a penalty.

Product NameGreater Bank New Car Loan
Interest Rate (p.a.)From 5.75% (fixed)
Comparison Rate (p.a.)6.13%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$100,000
Loan SecuritySecured

Main points to consider with Greater Bank’s New Car Loan.

Greater Bank's new car loan comes with a fixed interest rate of 5.75% p.a. and no monthly or annual fees. The loan is secured and is suitable to purchase a brand new car, van, utility vehicle, 4-wheel drive or demonstrator vehicle with less than 5,000 km on the odometer.

When you apply, you'll find out if you're approved in 24 hours. The loan comes with a term of between 1 and 7 year(s) and extra repayments are allowed.

Greater Bank New Car Loan features

Here are some of the features of the New Car Loan:

  • Quick turnaround. You can apply online for this loan and get approval within 24 hours.
  • Loan term. This loan can be repaid over a period of between 1 and 7 year(s).
  • Fees. No monthly fees are charged with this loan, but an establishment fee of $250 applies.
  • Additional repayments. Extra repayments are allowed and you can settle the balance of your loan early without penalty.
  • Free redraw facility. This service is free when effected online. A fee of $20 applies when you make a written request to redraw.
  • Car insurance. You can apply for Greater Bank’s car insurance product, which includes one year of Road Assistance.

How much will the loan cost?

This loan comes with no monthly or annual fees, but you will be charged the following:

  • Establishment fee. This fee of $250 is charged for setting up the loan.

How to apply for the Greater Bank New Car Loan

You can apply for this loan online and get it approved within 24 hours. If you need more information before starting the application, you can call the customer service line or get in touch via email.

You must meet the following eligibility criteria to apply:

  • Be at least 18 years old
  • Have a reasonably decent credit history
  • Be able to afford repayments
  • Be an Australian citizen or permanent resident

You'll also need the following documents on hand to complete your application:

  • Details about previous employers and your current working situation
  • Payslips and bank statements
  • Information about existing loans and liabilities
  • Information about valuable assets and savings accounts

This loan is suited to people who’d like to purchase a new car and need finance quickly. Approved in 24 hours, this loan can help you finalise your purchase within a few days of your application. However, it’s a good idea to take the time to compare loan options, especially repayment options and associated fees.

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Car Loan Offers

Important Information*
IMB New Car Loan

You'll receive a fixed rate of 5.89% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Loans.com.au - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Latitude Motor Vehicle Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

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2 Responses

  1. Default Gravatar
    KellySeptember 7, 2017

    Do you offer car loans on used cars and if so, up to what amount and what age of vehicle? Thank you.

    • Default Gravatar
      GruSeptember 8, 2017

      Hello Kelly,

      Yes, there are car loans offered om used cars.
      Lenders and financial institutions impose certain restrictions on the age of a vehicle in order to qualify for a loan amount. For example, some financial institutions only grant a loan for cars that are two to five years old.

      You may find this page helpful for car loans for used cars.
      It features information on getting loans for used cars as well as a table which allows you to make a side-by-side comparison of companies offering loans for used cars.

      Hope this helped.

      Cheers,
      Gru

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