Features & benefits

• Pay a lower interest rate than on an unsecured loan because you are using your car as security against the loan amount.
  
  
• A fixed interest rate means fixed repayments. You know exactly how much you need to pay each month.
  
  
• Borrow from $10,000 with no maximum loan amount. If you want to borrow less than $10,000 take a look at our unsecured variable rate or fixed rate personal loans or our Personal Overdraft for loans of less than $5,000.
  
  
• Choose a term from one to five years. So you can pay it off quickly or spread it out a bit.
  
  
• Your loan is secured by your new car. There’s no need for any other security.
  
  
• Make your repayments weekly, fortnightly or monthly depending on when you get paid.
  
  
• Make extra repayments up to an additional $5,000 p.a. If you ever have spare cash you could pay off your loan faster and save on interest at a small cost.

The Secured Car Loan will be referred to as Fixed Rate Personal Loan on contract documentation. 
 

• Important Information
  Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable.