Liberty Financial Low doc car loan
SecuredVariable rate
A secured personal loan from Liberty Financial, with rates from 8.29% a year.
- Interest rate a year, from
- 8.29%
- Comparison rate, from
- Not published
- Establishment fee
- Not published
- Monthly fee
- $10
- Borrow
- $5,000 to $100,000
Monthly repayment
$20,000 over 3 years
What it would cost
At the lowest published rate of 8.29%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.
- Monthly repayment
- $639
- Total repayments
- $23,019
- Interest and monthly fees
- $3,019
Loan details
Rates
- Interest rate (a year)
- 8.29%
- Comparison rate (a year)
- Not published
- Rate type
- Variable
- Security
- Secured
Limits and fees
- Loan amount
- $5,000 to $100,000
- Loan term
- 2 years to 7 years
- Establishment fee
- Not published
- Monthly fee
- $10
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Cost of $20,000 over 5 years
$5,099
Interest and fees at its starting rate. Typical is $4,663.
Monthly fee
$10
A typical monthly fee is $8.
Most you can borrow
$100,000
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 8.29%, so the rate you see is the rate you get.
- 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 $10 monthly fee. That adds $600 over 5 years, as well as the interest.
- A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.