Finty
Beyond Bank Australia

Beyond Bank Australia Low Rate Car Loan Special

SecuredFixed rate

Our Low Rate Car Loan Special Offer makes buying your new car easy and affordable offering a low fixed interest rate and an ability to pay out your loan early with no fees.

Written byDavid Boyd
Interest rate a year, from
7.04%
Comparison rate, from
8.05%
Establishment fee
$195
Monthly fee
Not published
Borrow
$5,000 to $150,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 7.04%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$618
Total repayments
$22,245
Interest
$2,245

Loan details

Rates

Interest rate (a year)
7.04%
Comparison rate (a year)
8.05%
Rate type
Fixed
Security
Secured

Limits and fees

Loan amount
$5,000 to $150,000
Loan term
Up to 7 years
Establishment fee
$195
Monthly fee
Not published

How it compares

Against the other secured car loans we compare. Typical means the middle half of them.

Comparison rate

8.05%

From 8.05%. A typical loan starts at 7.99%.

Cost of $20,000 over 5 years

$3,979

Interest and fees at its starting rate. Typical is $4,663.

Setup fee

$195

A typical setup fee is $258.

Most you can borrow

$150,000

Typically you can borrow up to $130,000.

Longest term

7 years

7 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 7.04%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.

Similar loans

Secured loans from other lenders that start at a similar comparison rate.