Car Loans
Car Loan Product Details
Product Summary
| Who's this loan for? | People who need funds for new and used cars, motorbikes, jet skis, boats, caravans and campervans, where the vehicle will be used primarily for private (not business) purposes. |
| Am I eligible to apply? | You need to be at least 18 years of age, a permanent Australian resident and in regular paid employment to apply. |
| How much can I borrow? | From $5,000 (motorbike loans are available from $3,000) with no maximum amount†. |
| What loan terms are available? | From 1 to 7 years# |
Interest Rates
| Interest type | Fixed for the life of the loan |
| Interest rate |
From 10.85%*p.a. (comparison rate from 11.94% p.a.^) |
Fees and Charges
| To set up the loan | $295 establishment fee |
| During the loan term | $10 loan service fee per month |
| When paying out or closing this loan |
An Early Termination Fee is payable, upon you paying out this contract early. The amount of the fee is - a. $750 if the amount of credit exceeds $12000 or b. otherwise, 6.25% of the Amount of Credit, and this is calculated by taking the applicable amount (a) or (b) as stated above and multiplying it by the number of unexpired whole months in the term at the time this contract is paid out divided by the number of whole months in the term. |
For business car loan fees and charges please call 1300 776 254.
†Approved applicants only. Terms, conditions, fees and charges apply.
#The maximum term for boats, jet skis and motorcycles is 5 years. Loans for other vehicles over five years are subject to loan amount and risk criteria.
*Rates vary depending on loan amount and credit scoring.
^Based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
GE Automotive Financial Services ABN 80 004 187 419, trading as GE Money. Australian Credit Licence Number 392178.
#The maximum term for boats, jet skis and motorcycles is 5 years. Loans for other vehicles over five years are subject to loan amount and risk criteria.
*Rates vary depending on loan amount and credit scoring.
^Based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
GE Automotive Financial Services ABN 80 004 187 419, trading as GE Money. Australian Credit Licence Number 392178.