Car loan
Whether it's something sporty, a family sedan or a 4WD, a new set of wheels can be hard to resist. Apart from choosing the model and colour that suits your style, the biggest decision you'll face is financing your purchase.
We are here to help you live your dreams.
Features and benefits
| Feature | Detail |
|---|
Minimum loan amount | $5,000 |
Minimum loan term | 1 year |
Maximum loan term | 7 years |
Variable interest rate option | Yes - make unlimited additional repayments any time and pay off your loan sooner |
Fixed interest rate option | Yes - your set repayment amount is determined at the start of the loan |
Security | Goods mortgage only |
Early payout | $100 Prepayment Adjustment Administration Fee applies if paid out in initial 12 months.* |
Repayments | |
Internet Banking# | Yes |
EasyPhone Banking# | Yes |
*Government fees and charges and Bank release fees may apply to release of security.
#Internet Banking and EasyPhone Banking access excludes withdrawal transfers and BPAY payments.
Interest rates
| Motor Vehicle Secured |
|---|
Fixed | Variable |
|---|
Annual Percentage Rate (% p.a.) | 11.64 | 12.28 |
Comparison Rate (% p.a.) | 12.191 | 12.831 |
Reference rate | N/A | Goods Secured Personal Loan Rate |
1 Comparison Rate calculated on a loan amount of $30,000 over a term of five years. These rates are for secured loans only.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
A Comparison rate schedule is available at any Bank of Queensland Branch.
Comparison rates calculated for a wider range of loan amounts and terms are available on the Bank of Queensland Personal Finance Comparison Rate Schedule (PDF 15kb).
Interest rates quoted are indicative only, and are subject to change without notice. Fixed interest rates may vary between application and drawdown of the loan.
Fees and charges
Application fee: $150
Monthly maintenance fee: $5
Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch.
To apply for a car loan download the Consumer Lending Application form (PDF 410kb) and find out what information we need from you. Then drop in to one of our convenient locations and speak to someone face to face or call one of our friendly customer service consultants on 1300 55 72 72.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Personal Banking Guide to Fees and Charges
- Personal Lending Supplementary Terms and Conditions
This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch in Australia.