|
Car loan products |
Available at Bank First? |
|---|---|
|
Fixed rate car loan |
✅ |
|
Variable rate car loan |
✅ |
|
Fixed interest secured car loan |
✅ Assessed on a case-by-case basis |
|
Variable interest secured car loan |
✅ Assessed on a case-by-case basis |
|
Green car loan |
✅ |
Bank First offers several financing options for individuals and businesses looking to purchase a vehicle. The loans provide flexible repayment schedules (weekly, fortnightly, or monthly), allowing you to align your payments with your personal budget and cash flow.
Bank First also provides a redraw facility on its car loans, letting borrowers access any additional repayments they’ve made without paying a fee. This feature can offer some added flexibility when managing repayments.
Bank First Car Loan Eligibility
The bank offers a range of flexible car loan products designed to suit various vehicle types and buyer preferences:
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For brand-new vehicles, loan amounts start from $10,000 with terms available up to 7 years
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For used car loans, pre-owned vehicles need to be less than 12 years old with a minimum loan amount of $5,000 and terms available up to 7 years.
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For green car loans, vehicles should be producing 180g/km of CO2 or less. This is applicable for most hybrids, electric vehicles, or fuel-efficient models from the current or previous year.
