Finder Award

Beyond Bank Car Loans

A flexible car loan that makes the road to getting your new car smoother.

The Beyond Bank Low Rate Car Loan has a number of features to help you manage your repayments. You'll receive a competitive rate, loan terms up to 7 years, as well as repayment options including a redraw facility and offset account.

No reviews yet. Write a review

$175

Application Fee

4.69% (fixed)

Interest Rate (p.a.)

5.01%

Comparison Rate (p.a.)

$150,000

Max Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameBeyond Bank Low Rate Car Loan "Special Offer"
Interest Rate (p.a.)4.69% (fixed)
Comparison Rate (p.a.)5.01%
Interest Rate TypeFixed
Min Loan Amount$25,000
Max Loan Amount$150,000

Beyond Bank is one of the largest customer-owned banks in Australia. It has more than four billion dollars in assets under management, around 195,000 customers, and 49 branches. Before it started functioning as a bank, it was among the largest credit unions in the country. It operated as Community CPS Australia in South Australia and the ACT, as Companion Credit Union and Wagga Mutual Credit Union in New South Wales, as United Community Credit Union in Western Australia, and as Alliance One in regional northern South Australia.

This institution provides its customers a range of financial services and products, which comprise savings and transaction accounts, credit cards, home loans, personal loans, and car loans.

What kind of car loans can you apply for?

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Beyond Bank Low Rate Car Loan
4.69% (fixed)
5.01%
$25,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
loading

Compare up to 4 providers

You can turn to Beyond Bank's Low Rate Car Loan "Special Offer" if you want to buy a new car or a car that is up to two years old. The minimum loan amount is $25,000, and you can borrow up to 100% of the car's value. An innovative offset account, a 'Car Budget Account', is available with this loan to help you reduce the interest you pay.

Features of the Beyond Bank low rate car loan

Before clicking "Go to site", it's important to consider all aspects of this loan. Here are a few features to take note of:

  • Competitive rate. You'll get a competitive rate of 4.69% p.a. (comparison rate of 5.01% p.a.)
  • No early repayment fees. If you're able to pay back your loan early, you'll be able to do so without incurring any early repayment fees.
  • Car Budget Account. You can use an offset account to help reduce the amount of interest you pay on your loan.
  • Pre-approvals. You can be approved for a loan before you've found the car you want to buy.
  • Redraw. You can make additional repayments and redraw on those repayments without penalty.
  • Loan terms. Take on this car loan and repay it over a period of up to 7 years.
  • Car eligibility. You can borrow a minimum of $25,000. The car you're looking to finance also needs to be new or less than two years old.

Fees and charges

  • Establishment fee. This loan comes with an establishment fee of $175.
  • Security documentation fee. You'll need to pay a security documentation fee of $25.
  • PPSR fee. You'll be charged a fee of $35.

📌 There are no charges for making additional repayments, redrawing on those payments, or paying off your loan early.

Other car loan products offered by Beyond Bank

No Fee Car Loan

The minimum you can borrow through this secured loan is $10,000 and you can borrow up to 150% of the car's value. You can use this loan to buy a new car or one that is up to six years old. You can also use your existing car as security, and then use proceeds from the loan for just about any worthwhile purpose. Maximum loan term is 7 years.

Low Rate Car Loan

This loan allows you to borrow between $5,000 and up to 150% of the car's value, for a new car or one that is up to six years old. Maximum loan term is 7 years and environmental discounts are available.

Flexi Car Loan

You can borrow as little as $5,000 through this loan, and can repay the loan in up to 7 years. You get to choose between fixed and variable rates and you can also find environmental discounts to help you save.

Novated Lease

This option enables businesses to facilitate motor vehicle leases for their employees, where employees remain liable for making lease payments. Employees benefit by making partial payments through pre-taxed income.

Is your car eligible for a secured loan with Beyond Bank?

As Beyond Bank offers a few secured loans it's important to check your car's eligibility before you apply. Here's a quick guide to whether your car is eligible:

  • New cars or cars less than two years old are eligible for the Low Rate Car Loan Special Offer
  • New cars or car that are less than six years old are eligible for the No Fee Car Loan or the Low Rate Car Loan
  • New or used cars more than six years old can be eligible for a Low Rate Car Loan, No Fee Car Loan or the Flexi Car Loan
  • You need to borrow a minimum of $5,000, or the minimum that is offered by the loan, up to 150% of the value of the vehicle

How you can apply for the Beyond Bank low rate car loan

If you're interested in applying for this loan or finding out more about pre-approval, just click "Go to site" to submit your details.

Eligibility

Are you eligible for the loan? Make sure you meet the criteria below:

  • You're over the age of 18
  • You are an Australian citizen or permanent resident
  • Your credit history is in good standing with no unpaid defaults or declarations of bankruptcy and you agree to a credit check
  • You have a regular net income of over $2,000 per month

The application process should only take about 15 minutes to complete. If you're applying with another person (a joint application) it might take about 20 minutes.

Documentation

You'll need the following details to complete the online application:

  • Details of where you work, including the address
  • If you've been employed less than a year, your previous employment details
  • Your address and previous address if you've been there less than 12 months
  • Details regarding your income
  • Your financial details, including assets and liabilities
  • Your driver's licence number

Beyond Bank offers a competitive car loan option, but before submitting your application, remember to compare this offering with similar loans to make sure it's right for you.

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

21 Comments

    Default Gravatar
    StubaJay
    March 6, 2017

    Is there car loans available for myself and my hubby to purchase 2 new cars with 1 joint secured personal loan?

    Default Gravatar
    Andrew
    October 26, 2016

    Do you refinance a car loan?

      Avatarfinder Customer Care
      Dee
      October 26, 2016

      Hi Andrew,

      Thanks for your question.

      Please note that we are Finder, a financial comparison and information website, not Beyond Bank.

      Yes, Beyond Bank Low Rate Car Loan is available for refinancing purposes. You can also compare other car refinancing loans through our page.

      Cheers,
      Anndy

      Avatarfinder Customer Care
      Jason
      October 26, 2016

      Hi Andrew.

      Thanks for your inquiry.

      You have come through to finder.com.au, we are a financial comparison and general information service and not Beyond Bank. There is an option that you can select to indicate that you’re using this loan to pay off a current debt when you fill out your online application. As long as the car you’re refinancing fits the eligibility criteria, you can apply for this loan.

      Cheers,
      Jason

    Default Gravatar
    David
    October 23, 2016

    is there an age limit on the car you are borrowing against

      Avatarfinder Customer Care
      Elizabeth
      October 24, 2016

      Hi David,

      There is no specific age limit but the age of your car can affect the rate you’re offered. Cars over 6 years old may get you a different rate.

      Hope this helps,

      Elizabeth

    Default Gravatar
    Ryan
    September 15, 2016

    How to loan a car for Uber business

      Avatarfinder Customer Care
      Elizabeth
      September 15, 2016

      Hi Ryan,

      Please check our Uber car financing guide to find out how to get a car loan for an Uber car.

      Hope this helps,

      Elizabeth

    Default Gravatar
    Fiona
    November 12, 2015

    My daughter who is employed full time in a professional job with a university degree and no other debits is looking at borrowing $25,000 for a new $43000 car over 7 years but planning to pay back early.She has other assets of Approx $35,000 and one credit union knocked her back as she rents a house with 2 others. They all pay $190 a week and are all listed on the lease. If one leaves they have a sublet clause so they can get someone else into a room but the credit union accessed her as having to pay $570 a week rent and would not accept her rent as $190 – how would beyond bank access her?.

      Avatarfinder Customer Care
      Elizabeth
      November 13, 2015

      Hi Fiona,

      Thanks for your question.

      We can’t really comment on Beyond Bank’s application process – each lender assesses applications differently. Usually, when applying for a personal loan, you will need to list your current expenses, assets and other details relating to your financial situation including any debts and income. In saying that, unless you are applying with your own bank (and they can see your outgoings) they can’t verify the information unless you can provide documentation showing you only pay $190 each week.

      It would be best to get in touch with Beyond Bank and discuss her eligibility and application, but if she meets the minimum criteria for this loan (age, income, employment) she can consider applying.

      Thanks,

      Elizabeth

Go to site