Finty
Kawasaki Motors Finance

Kawasaki Motors Finance Consumer Loan

Fixed rate

A consumer loan designed to help customers purchase a new or used asset for personal use. The loan features a fixed interest rate and no deposit requirement.

Written byDavid Boyd
Interest rate a year, from
9.60%
Comparison rate, from
12.87%
Establishment fee
$495
Monthly fee
$8
Borrow
$7,500 to $60,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 9.60%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$650
Total repayments
$23,384
Interest and monthly fees
$3,384

Loan details

Rates

Interest rate (a year)
9.60%–20.25%
Comparison rate (a year)
12.87%–16.23%
Rate type
Fixed
Security
Not published

Limits and fees

Loan amount
$7,500 to $60,000
Loan term
2 years to 7 years
Establishment fee
$495
Monthly fee
$8

How it compares

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

Comparison rate

12.87%

From 12.87%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$6,233

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$495

A typical setup fee is $150.

Monthly fee

$8

A typical monthly fee is $8.

Most you can borrow

$60,000

Typically you can borrow up to $60,000.

Longest term

7 years

7 years is the usual longest term.

Pros and cons

Pros

  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A higher starting rate. Its comparison rate starts at 12.87%, above the typical 10.14%, so it's likely to cost more than most similar loans unless you're offered less.
  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 9.60% to 20.25%, and only some people get the starting rate.
  • A higher setup fee. $495, above the typical $150. It's usually added to the loan, so you pay interest on it too.
  • A $8 monthly fee. That adds $477 over 5 years, as well as the interest.

Similar loans

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