Greater Bank New Car Loan Review - Rates and fees | finder.com.au

Greater Bank New Car Loan

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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 years. You pay no monthly or annual fees and you can repay the balance of the loan early without paying a penalty.

$275

Application Fee

From 4.98% (fixed)

Interest Rate (p.a.)

5.36%

Comparison Rate (p.a.)

$100,000

Max Loan Amount

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Details

Product NameGreater Bank New Car Loan
Interest Rate (p.a.)From 4.98% (fixed)
Comparison Rate (p.a.)5.36%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max Loan Amount$100,000

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

Greater Bank's new car loan comes with a fixed interest rate of 4.98% 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 to 7 years 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 to 7 years.
  • Fees. No monthly fees are charged with this loan, but an establishment fee of $275 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 $275 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 car loan options, especially repayment options and associated fees.

Compare car loan providers

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Credit Concierge Car Loan
From 3.85% (fixed)
4.91%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 (Includes PPSR registration fee)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
MoneyForJam Car Loan
From 3.25% (fixed)
5.82%
$5,000
1 to 7 years
From $1 to $990
$25
You'll receive a fixed rate from 3.25% p.a. based on your risk profile
Borrow between $5,000 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers.
CUA Secured Fixed Car Loan
6.79% (fixed)
7.16%
$5,000
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Stratton Finance New Car Loan
From 4.05% (fixed)
5.63%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 4.05% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
People's Choice CU Discounted Personal Loan (Car Loan)
From 4.65% (fixed)
4.99%
$20,000
1 to 10 years
$250
$0
Borrow over $20,000 and secure with a new or used car less than 2 years (manufacture year 2018).
Pre-approval, no monthly fees and fixed rate for 5 years.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% 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.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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2 Comments

    Default Gravatar
    Kelly
    September 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
      Gru
      September 8, 2017

      Hello Kelly,

      Thanks for reaching out to Finder.

      Yes, there are car loans offered on 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 our page on car loans for used cars helpful.
      It features information on getting loans for used cars as well as a table that allows you to make a side-by-side comparison of companies offering loans for used cars. When you are ready, you may then press on the “Go to site” button of the lender you prefer and you will be redirected to their website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
      Hope this helped.

      Cheers,
      Gru

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