The rating of the best interest rates under the secured car loans for the purchase of a used car for 3 years04.09.2020
Bankchart.com.au has surveyed the terms of the offered secured car loans for purchase of a used car for 3 years in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 04.09.2020
As of 31 August 2020 the loans under review have been offered by 25 banks. The average comparison rate under such loans equals 8,15 % p.a. The total number of the loan programs available for the specified loan terms is 37.
The most affordable car loan is offered by People's Choice Credit Union. The comparison rate under "Car loans" loan program constitutes 5,23 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of costs) for the aforementioned terms.
The TOP-25 secured car loans loan programs for purchase of a used car for 3 years, as of 31 August 2020
#
Bank
Interest Rate, %
1
4,65
interest rate, %
interest rate
4,65
one-time fees
$ 250,00
periodic fees
$ 6,00, monthly
advance from
0,00 %
2
5,69
interest rate, %
interest rate
5,69
one-time fees
no
periodic fees
no
advance from
0,00 %
3
5,45
interest rate, %
interest rate
5,45
one-time fees
$ 250,00
periodic fees
no
advance from
0,00 %
4
5,79
interest rate, %
interest rate
5,79
one-time fees
$ 98,00
periodic fees
no
advance from
0,00 %
5
5,49
interest rate, %
interest rate
5,49
one-time fees
$ 175,00
periodic fees
$ 5,00, monthly
advance from
0,00 %
6
5,69
interest rate, %
interest rate
5,69
one-time fees
$ 206,00
periodic fees
no
advance from
0,00 %
7
5,49
interest rate, %
interest rate
5,49
one-time fees
$ 395,00
periodic fees
no
advance from
0,00 %
8
5,95
interest rate, %
interest rate
5,95
one-time fees
$ 150,00
periodic fees
no
advance from
0,00 %
9
5,99
interest rate, %
interest rate
5,99
one-time fees
$ 190,00
periodic fees
no
advance from
0,00 %
10
6,45
interest rate, %
interest rate
6,45
one-time fees
no
periodic fees
no
advance from
0,00 %
11
5,99
interest rate, %
interest rate
5,99
one-time fees
$ 200,00
periodic fees
$ 5,00, monthly
advance from
0,00 %
12
6,45
interest rate, %
interest rate
6,45
one-time fees
$ 150,00
periodic fees
no
advance from
0,00 %
13
6,79
interest rate, %
interest rate
6,79
one-time fees
$ 250,00
periodic fees
no
advance from
0,00 %
14
7,26
interest rate, %
interest rate
7,26
one-time fees
no
periodic fees
no
advance from
0,00 %
15
6,99
interest rate, %
interest rate
6,99
one-time fees
$ 150,00
periodic fees
$ 5,00, monthly
advance from
0,00 %
16
6,99
interest rate, %
interest rate
6,99
one-time fees
$ 250,00
periodic fees
$ 10,00, monthly
advance from
0,00 %
17
7,39
interest rate, %
interest rate
7,39
one-time fees
$ 195,00
periodic fees
$ 7,50, monthly
advance from
0,00 %
18
7,49
interest rate, %
interest rate
7,49
one-time fees
$ 195,00
periodic fees
$ 12,00, monthly
advance from
0,00 %
19
7,49
interest rate, %
interest rate
7,49
one-time fees
$ 195,00
periodic fees
$ 12,00, monthly
advance from
0,00 %
20
7,49
interest rate, %
interest rate
7,49
one-time fees
$ 195,00
periodic fees
$ 12,00, monthly
advance from
0,00 %
21
7,49
interest rate, %
interest rate
7,49
one-time fees
$ 250,00
periodic fees
$ 12,00, monthly
advance from
0,00 %
22
7,99
interest rate, %
interest rate
7,99
one-time fees
$ 299,00
periodic fees
$ 5,00, monthly
advance from
0,00 %
23
8,50
interest rate, %
interest rate
8,50
one-time fees
$ 150,00
periodic fees
$ 5,00, monthly
advance from
0,00 %
24
8,99
interest rate, %
interest rate
8,99
one-time fees
$ 100,00
periodic fees
no
advance from
0,00 %
25
9,79
interest rate, %
interest rate
9,79
one-time fees
$ 150,00
periodic fees
no
advance from
0,00 %
To view the up-to-date rating of the car loans at our website, click here.
Reference:
Comparison Rate means quoted interest rate adjusted subject to non-recurring and periodical fee, if applicable.
Published: 04 September 2020
Author: Prostobank Consulting
Source: https://bankchart.com.au