Interest Rates
Enjoy lower rates for shorter loan terms, helping you save on interest and pay off your car faster. Prefer a longer term? Benefit from affordable monthly payments that fit your budget while driving your dream car.
| Rate % p.a | Term |
|---|---|
| 6.25 % | 2 years |
| 6.75 % | 3 years |
| 7.25 % | 4 years |
| 7.75 % | 5 years |
| 8.25 % | 6 years |
| 8.75 % | 7 years |
Loan Term
- New Vehicles – up to 7 years
- Unregistered Second hand or Second-hand registered vehicles – up to 5 years
Mandatory Conditions
- 12 months in employment
- Vehicle will only be financed for private use
Equity/Deposit
Brand New Vehicles
- 0% equity for executives where gross income is greater than $75,000 and BRED Home Loan Customers
- 10% for others
Equity – Unregistered Used Vehicles
- 0% equity for BRED Home Loan Customers
- 15% for others