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Mini meca 2021

Queensland Country Bank New Car Loan

Advertiser disclosure

The details shown below are for a variable loan between $1,000 and $75,000

The details shown below are for a variable loan between $1,000 and $75,000

Choose the version of this loan that suits you best

  • Loan: $1,000 $75,000

  • Loan: $1,000 $75,000

Interest rate from
3.99% p.a.
Comparison rate from
4.60% p.a.based on $30,000
over 5 years
Upfront fee
$120
Interest rate from
4.99% p.a.
Comparison rate from
5.59% p.a.based on $30,000
over 5 years
Upfront fee
$120

Mozo editorial review Queensland Country Bank New Car Loan - last updated: 19 April 2021

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What's hot
  • Interest rates from 3.99% (4.60% comparison rate*)
  • Covers full purchase of the car, plus on road costs and insurance
  • Extra repayments allowed, plus no early repayment penalties
What's not
  • $120 application fee
  • Goods security agreement fee
Mozo snapshot

With Queensland Country Bank’s New Car Loan you can borrow from $1,000 to $75,000 to refinance or cover the costs of a car no more than three years old. Variable interest rates for the loan start low at 3.99% p.a., there is no early repayment penalty fee and only a small $5 service fee to pay monthly.

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Key features

Despite the fact that it’s called a ‘New Car Loan’, Queensland Country Bank’s loan can be used to cover the costs of a new, demo or up to 3 years old car. Plus with this loan you can borrow not only the purchase price of the car, but also other upfront costs like insurance. 

For new and demo cars, interest rates start at a low 3.99% (4.60% comparison rate*), whereas for cars up to 3 years old rates start at 4.99% (5.59% comparison rate*).

As long as you meet the eligibility criteria you can borrow from as little as $1,000 to as much as $75,000 with loan terms ranging from 1 to 7 years. Although it should be noted that loan amounts of $50,000 or more can only be borrowed with a loan term of 5 years or over. 

Queensland Country Bank is also pretty flexible when it comes to making repayments, you can choose to make repayments weekly, fortnightly or even monthly. And on top of that, as this is a variable rate loan, you can even make extra repayments and early repayments without incurring any penalty fees.

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Who is it good for

You don’t need to live in Queensland to take advantage of Queensland Country Bank’s New Car Loan. You can apply online or over the phone. You need to be at least 18 years of age, be an Australian citizen or permanent resident and be currently in paid employment. You must also not have been bankrupt. 

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Any catches

It should be noted that loan amounts over $50,000 can only be taken out with a loan term of 5 years or more. There is also no redraw facility with this loan, meaning you won’t be able to take money back out, once you’ve paid it in.

Details

Rates and fees information correct as at 24 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

3.99% p.a.variable

4.60% p.a.based on $30,000
over 5 years

Fees

$120.00

$5.00

$40.00

$0.00

$0.00

Other financial bits

$1,000.00

$75,000.00

1 Year

7 Years

Vehicle

Features

Weekly, Fortnightly, Monthly

yes

none

Loan amounts over $50k are only eligible for loan terms over 5 years.

none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Details

Rates and fees information correct as at 24 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

4.99% p.a.variable

5.59% p.a.based on $30,000
over 5 years

Fees

$120.00

$5.00

$40.00

$0.00

$0.00

Other financial bits

$1,000.00

$75,000.00

1 Year

7 Years

Vehicle

Features

Weekly, Fortnightly, Monthly

yes

none

Loan amounts over $50k are only eligible for loan terms over 5 years.

none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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About Queensland Country Bank