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Esanda Novated Lease by Esanda
Esanda Novated Lease
Institution : EsandaTheir Blurb
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Interest Type
Fixed
Car Loan Type
Novated Lease
Our View
A novated lease lets an employer receive a car as part of a salary package. Basically, the employee chooses and car then forfeits all rights and obligations to the employer - who then meets the repayments. If the employee changes jobs, they take the car with them. The minimum loan is $10,000 and must be paid between 1 - 5 years. Repayment options are very flexible, as are the repayment methods.
Pros
- Flexible repayments
- Varied repayment methods
Cons
- Expensive application fee
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Esanda Product Types
| The Facts & Figures | |
|---|---|
| Maximum Loan Amount | - |
| Repayment schedule | Weekly |
| Minimum Term | - |
| Additional repayments allowed | No |
| Maximum Term | - |
| Car Type | New |
| Minimum Loan Amount | - |
| Special offers | - |
| The cool stuff: features | |
| Monthly Fee | - |
| Loan Insurance Available? | No |
| Online Application | No |
| Redraw Facility | No |
| Application Fee | - |
| Early Repayment Allowed | No |
| Exit Fee | - |
