Car loans
Looking purchase your dream car, upgrade to a larger car or replace your old daily driver?We offer car loans for the purchase of a wide range of personal and light commercial vehicles, both new and used.
Car loans for the purchase of new or used cars less than 7 years old.
Features
- Interest rate of 10.99% per year1
(Comparison Rate of 11.24% per annum)2 - Loan terms up to 7 years
- Available for vehicles aged up to 7 years
(Older vehicles can be considered) - Principal plus interest terms
- Minimum loan amount is $15,000
Inclusions
- No early payout penalties
- Unlimited Extra repayments
- No annual fees
- No early pay-out fee
- Redraw: available for a $10 fee
Fees
- Application fee: $1753
1 Interest rates are subject to change at the discretion of First Option Bank 2 WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a loan amount of $30,000 over a term of 5 years. 3 Eligibility criteria, terms and conditions, fees and charges apply. Normal lending criteria apply. Stamp duty and government charges may apply. Any legal and valuation fees will be on-charged at cost. Product is provided by First Option Bank Ltd ABN 95 087 650 735, Australian Credit Licence no. 236 509
Low-rate Visa credit card
Low interest rate: 10.49% pa*
Interest free period up to 45 days
Annual fee just $48 per year