UniBank Fixed Rate Car Loan

SecuredFixed rate

With our Fixed Rate Car Loan you can borrow as little as $10,000 for a new or used vehicle up to 10 years old.

6.19%

interest rate a year, from

6.40%

comparison rate, from

What it would cost

At the lowest published rate of 6.19%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

BorrowOver

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

Comparison rate

6.40%

From 6.40%. A typical loan starts at 7.99%.

Cost of $20,000 over 5 years

$3,456

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

Setup fee

$150

A typical setup fee is $258.

Most you can borrow

$80,000

Typically you can borrow up to $130,000.

Longest term

6 years

7 years is the usual longest term.

A lower starting rate. Its comparison rate starts at 6.40%, below the typical 7.99%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
One rate for everyone. Everyone approved gets 6.19%, so the rate you see is the rate you get.
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.

A lower limit. Up to $80,000, less than the typical $130,000, so it may not cover a larger purchase.
Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.

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