Finty
The Capricornian

The Capricornian Car & Motor Vehicle Loans

SecuredVariable rate

Whether upgrading your vehicle, adventuring off-road in your four-wheel drive, or having fun on the water in your dream boat or jet ski, The Capricornian’s secured personal loan options could be your answer!

Written byDavid Boyd
Interest rate a year, from
7.43%
Comparison rate, from
7.78%
Establishment fee
$250
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 7.43%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$621
Total repayments
$22,373
Interest
$2,373

Loan details

Rates

Interest rate (a year)
7.43%–9.94%
Comparison rate (a year)
7.78%–10.30%
Rate type
Variable
Security
Secured

Limits and fees

Loan amount
Not published
Loan term
Not published
Establishment fee
$250
Monthly fee
Not published

How it compares

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

Comparison rate

7.78%

From 7.78%. A typical loan starts at 7.99%.

Cost of $20,000 over 5 years

$4,256

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

Setup fee

$250

A typical setup fee is $258.

Pros and cons

Pros

  • 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

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.43% to 9.94%, and only some people get the starting rate.
  • 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.
  • A $40 late payment fee. Setting up automatic repayments avoids it.

Similar loans

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