Finty
LCU

LCU Used Cars

Variable rate

Variable - Principal and Interest - Cars over 5 years old

Written byDavid Boyd
Interest rate a year, from
10.50%
Comparison rate, from
10.79%
Establishment fee
$200
Monthly fee
Not published
Borrow
$1,000 to $50,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 10.50%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$650
Total repayments
$23,402
Interest
$3,402

Loan details

Rates

Interest rate (a year)
10.50%
Comparison rate (a year)
10.79%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$1,000 to $50,000
Loan term
Not published
Establishment fee
$200
Monthly fee
Not published

How it compares

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

Comparison rate

10.79%

From 10.79%. A typical loan starts at 9.35%.

Cost of $20,000 over 5 years

$5,993

Interest and fees at its starting rate. Typical is $5,746.

Setup fee

$200

A typical setup fee is $520.

Most you can borrow

$50,000

Typically you can borrow up to $95,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 10.50%, so the rate you see is the rate you get.
  • 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

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

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