FAQ: What are the features & benefits of a Car Loan?

What are the features and benefits of a Car Loan (Consumer Loan)?

Benefits of a Car Loan can include:

  • Flexible contract terms, or length are available (ranging from 2-10 years)
  • A residual can be applied to the loan, reducing the monthly instalments
  • Borrowers have a choice of fixed or variable interest rates
  • A deposit can be used (either cash or trade in) which reduces the size of the loan needed
  • A tax deduction may be applicable if the vehicle is to be used for business purposes
  • Lower interest rates are available as the loan is secured against the car

Online quotes and online approvals available for car loans.