Which Australian bank offers the best-secured car loans for the purchase of a used car for 5 years02.02.2021

Bankchart.com.au has surveyed the terms of the offered secured car loans for purchase of a used car for 5 years in the national currency. Our website's analysts have studied the loan offers from all Australian banks. Review date - 02.02.2021

As of 21 January 2021 the loans under review have been offered by 27 banks.   The average comparison rate under such loans equals 8,22 % p.a. The total number of the loan programs available for the specified loan terms is 41.

The most affordable car loan is offered by Hume Bank. The comparison rate under "Secured Personal Loan" loan program constitutes 5,06 % 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-27 secured car loans loan programs for purchase of a used car for 5 years, as of 21 January 2021

#

Bank

Interest Rate, %

1

4,95

interest rate, %

interest rate

4,95

one-time fees

$ 150,00

periodic fees

no

advance from

0,00 %

2

4,99

interest rate, %

interest rate

4,99

one-time fees

$ 100,00

periodic fees

no

advance from

0,00 %

3

4,65

interest rate, %

interest rate

4,65

one-time fees

$ 250,00

periodic fees

$ 6,00, monthly

advance from

0,00 %

4

4,99

interest rate, %

interest rate

4,99

one-time fees

$ 250,00

periodic fees

no

advance from

0,00 %

5

4,89

interest rate, %

interest rate

4,89

one-time fees

$ 200,00

periodic fees

$ 5,00, monthly

advance from

0,00 %

6

5,45

interest rate, %

interest rate

5,45

one-time fees

$ 150,00

periodic fees

no

advance from

0,00 %

7

5,69

interest rate, %

interest rate

5,69

one-time fees

no

periodic fees

no

advance from

0,00 %

8

5,69

interest rate, %

interest rate

5,69

one-time fees

$ 206,00

periodic fees

no

advance from

0,00 %

9

5,49

interest rate, %

interest rate

5,49

one-time fees

$ 477,50

periodic fees

no

advance from

0,00 %

10

5,79

interest rate, %

interest rate

5,79

one-time fees

$ 98,00

periodic fees

no

advance from

0,00 %

11

5,99

interest rate, %

interest rate

5,99

one-time fees

$ 190,00

periodic fees

no

advance from

0,00 %

12

6,49

interest rate, %

interest rate

6,49

one-time fees

$ 150,00

periodic fees

$ 5,00, monthly

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

$ 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

7,79

interest rate, %

interest rate

7,79

one-time fees

$ 175,00

periodic fees

$ 5,00, 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

$ 195,00

periodic fees

no

advance from

0,00 %

26

9,99

interest rate, %

interest rate

9,99

one-time fees

no

periodic fees

no

advance from

0,00 %

27

12,32

interest rate, %

interest rate

12,32

one-time fees

no

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.

 

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