Which Australian bank offers the best-secured car loans for purchase of a used car for 3 years25.10.2019

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 - 25.10.2019

As of 21 September 2019 the loans under review have been offered by 26 banks.  The average comparison rate under such loans equals 8,50 % p.a. The total number of the loan programs available for the specified loan terms is 38.

The most affordable car loan is offered by People's Choice Credit Union. The comparison rate under "Car loans" loan program constitutes 5,64 % 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-26 secured car loans loan programs for purchase of a used car for 3 years, as of 21 September 2019

#

Bank

Interest Rate, %

1

5,64

interest rate, %

interest rate

5,64

one-time fees

no

periodic fees

no

advance from

0,00 %

2

5,49

interest rate, %

interest rate

5,49

one-time fees

$ 250,00

periodic fees

no

advance from

0,00 %

3

5,69

interest rate, %

interest rate

5,69

one-time fees

$ 106,80

periodic fees

no

advance from

0,00 %

4

5,49

interest rate, %

interest rate

5,49

one-time fees

$ 175,00

periodic fees

$ 5,00, monthly

advance from

0,00 %

5

6,25

interest rate, %

interest rate

6,25

one-time fees

no

periodic fees

no

advance from

0,00 %

6

5,89

interest rate, %

interest rate

5,89

one-time fees

$ 395,00

periodic fees

no

advance from

0,00 %

7

6,39

interest rate, %

interest rate

6,39

one-time fees

no

periodic fees

no

advance from

0,00 %

8

6,45

interest rate, %

interest rate

6,45

one-time fees

no

periodic fees

no

advance from

0,00 %

9

6,49

interest rate, %

interest rate

6,49

one-time fees

$ 98,00

periodic fees

no

advance from

0,00 %

10

6,45

interest rate, %

interest rate

6,45

one-time fees

$ 150,00

periodic fees

no

advance from

0,00 %

11

6,79

interest rate, %

interest rate

6,79

one-time fees

$ 150,00

periodic fees

no

advance from

0,00 %

12

6,79

interest rate, %

interest rate

6,79

one-time fees

$ 250,00

periodic fees

no

advance from

0,00 %

13

6,95

interest rate, %

interest rate

6,95

one-time fees

$ 125,00

periodic fees

no

advance from

0,00 %

14

6,99

interest rate, %

interest rate

6,99

one-time fees

$ 200,00

periodic fees

$ 5,00, monthly

advance from

0,00 %

15

6,99

interest rate, %

interest rate

6,99

one-time fees

$ 250,00

periodic fees

$ 10,00, monthly

advance from

0,00 %

16

7,39

interest rate, %

interest rate

7,39

one-time fees

$ 195,00

periodic fees

$ 7,50, monthly

advance from

0,00 %

17

7,99

interest rate, %

interest rate

7,99

one-time fees

$ 150,00

periodic fees

$ 5,00, monthly

advance from

0,00 %

18

8,49

interest rate, %

interest rate

8,49

one-time fees

no

periodic fees

no

advance from

0,00 %

19

7,99

interest rate, %

interest rate

7,99

one-time fees

$ 299,00

periodic fees

$ 5,00, monthly

advance from

0,00 %

20

8,50

interest rate, %

interest rate

8,50

one-time fees

$ 150,00

periodic fees

$ 5,00, monthly

advance from

0,00 %

21

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

advance from

0,00 %

22

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

advance from

0,00 %

23

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 195,00

periodic fees

$ 12,00, monthly

advance from

0,00 %

24

8,49

interest rate, %

interest rate

8,49

one-time fees

$ 250,00

periodic fees

$ 12,00, monthly

advance from

0,00 %

25

9,01

interest rate, %

interest rate

9,01

one-time fees

$ 520,00

periodic fees

$ 8,25, monthly

advance from

0,00 %

26

9,14

interest rate, %

interest rate

9,14

one-time fees

$ 520,00

periodic fees

$ 8,25, monthly

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.