Power Alliance Finance Personal Car Loan
Secured
A new car is one of the most important purchases you'll ever make. Let's make it happen for you on simple and flexible terms.
- Comparison rate, from
- Not published
- Establishment fee
- $395
- Monthly fee
- $8
- Borrow
- From $5,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- Not published
- Comparison rate (a year)
- Not published
- Rate type
- Not published
- Security
- Secured
Limits and fees
- Loan amount
- From $5,000
- Loan term
- 1 year to 7 years
- Establishment fee
- $395
- Monthly fee
- $8
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Setup fee
$395
A typical setup fee is $258.
Monthly fee
$8
A typical monthly fee is $8.
Longest term
7 years
7 years is the usual longest term.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
Cons
- A $8 monthly fee. That adds $480 over 5 years, as well as the interest.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
- A $25 late payment fee. Setting up automatic repayments avoids it.