Know what you need when applying for a car loan
Monday January 19, 2009
If you want to purchase a new car, a personal loan may be able to help. To apply for a car loan or a personal loan, remember to do your research.
- Types of personal loans - unsecured personal loans or secured personal loans. Secured personal loans are usually used for car loans, using the car as collateral.
- Length of loan period.
- Interest rates.
- Fees - monthly fees, establishment fees, redraw fees, and exit fees.
- Repayments - method and frequency. Estimate your repayments with our car loan calculator.
- Documentation - this typically includes income details, outgoings and identity documents.
Once you have you ticked everything off your checklist, you will be ready to apply for a personal loan.
Aussie offers car loans and personal loans. Aussie personal loans feature:
- Borrowing amounts start at $3000 and the maximum borrowing amount depends on the purpose of the personal loan and your personal circumstances.
- Fixed interest rates currently starting from 12.99%p.a for personal loans and from 10.74%p.a for car loans.
- Personal loan terms for 1 - 5 years. Terms up to 7 years are available, depending on your circumstances.
- A competitive establishment fee.
- A low administration fee.
- Repayment options are fixed and you can choose from weekly, fortnightly or monthly repayments.
Aussie offers personal loans for many vehicles, such as caravans, motorcycles, or boats. Car loans are also available for commercial use cars.
Aussie personal loan applications take roughly 20 minutes to complete. If you apply online for Aussie car loans or Aussie personal loans, you can have a response in as little as 60 seconds.
Compare personal loans and the best car loans.
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