If you're looking to retire your old car and get into something newer, a Fixed Rate Secured Loan may be the ideal way to finance it. By securing the loan against your new car, Commonwealth Bank can lend you more and give you a great interest rate to boot.
The Fixed Rate Secured Loan interest rate is 10.99% p.a. Comparison rate is 12.02% p.a., based on $30,000 borrowed over five years.
Commonwealth Bank Fixed Rate Secured Loan features:
- Enjoy a lower interest rate than unsecured loans
- With a fixed rate you'll always know what you need to pay
- Borrow $10,000 or more for your new car
- You can choose the term of your loan from 1 to 5 years
- Choose weekly, fortnightly or monthly repayments to suit your budget
Interest rates effective as at 3/9/2010.
| Product Information | |
|---|---|
| DETAILS | |
| Product | Fixed Rate Secured Loan |
| Institution | Commonwealth Bank |
| Apply Online | - |
| Minimum Loan | $10000 |
| Maximum Loan | - |
| Minimum Term | 1yrs |
| Maximum Term | 5yrs |
| Purpose | New Car / Used Car |
| Security | Bill Sale |
| RATES | |
| Rate Type | Fixed Rate |
| Minimum Rate | 10.99% |
| Comparison Rate | 12.02% |
| FEES | |
| Entry Fee | $250 |
| Annual Fee | - |
| Monthly Fee | $10.00 |