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Special Car Loan by Bananacoast Community CU


Special Car Loan

Institution : Bananacoast Community CU

Interest Type

Variable

Car Loan Type

Conventional Car Loan

Their Blurb

-

Our View



The Queensland Credit Union known as Bananacoast offers a variable rate loan with interest starting at 8.95 per cent. The minimum amount one can borrow is perhaps higher than others - $10,000 – but the maximum too is a fairly large $75,000. One of the good things is that there is a lengthy seven years for the maximum term in which to pay the loan back, while the loan itself is available for the purchase of new or used cars.. Both additional and early repayments are permitted, while there is a $150 application fee for anyone taking this loan out.



Pros

  • New or used cars


  • High maximum of $75,000
  • Cons

  • Minimum loan of $10,000


  • High application fee


  • The Facts & Figures 
    Car Type -
    Minimum Loan Amount$ 10000.00
    Special offers -
    Maximum Loan Amount$ 75000.00
    Repayment scheduleWeekly
    Minimum Term -
    Additional repayments allowed Yes
    Maximum Term7.00 years
    The cool stuff: features 
    Redraw Facility Yes
    Application Fee$ 150.00
    Early Repayment Allowed Yes
    Monthly Fee$ 0.00
    Loan Insurance Available? Yes
    Online Application Yes
    Exit Fee -
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