Car Loan
by Bank of Melbourne
Advertised Rate
6.49%
p.a.
Comparison Rate
7.9%
p.a.*
About This Loan
Our Car Loan offers a lower rate than our Unsecured Personal Loan, giving you the flexibility to make extra repayments and choose a loan term that suits you. Borrow between $10,000 - $130,000 and get into your next car sooner.
Loan Details
Loan Amount
$10,000 – $130,000
Loan Term
12 – 84 months
Fees & Charges
Key Features
- Lower interest rate than Unsecured Personal Loan
- No extra repayment fee
- Flexible loan term (1-7 years)
- Simple online document upload
- No balloon payment
- Option to borrow extra funds for on-road costs
- Flexible repayment options (weekly or fortnightly)
- Eligible for cars aged 7 years or less
Rate from
6.49% p.a.
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About Bank of Melbourne
*Comparison rate based on a secured $30,000 loan over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Rates and fees are subject to change without notice. Always read the lender's terms before applying.