My first car loan

Buying your car is an exciting experience. Make the experience even sweeter with a car loan with a great rate.

Overview
Features
Rates & fees
Apply now

Overview

Get rewarded for being a safe driver!

If you buy a safe used car which has a 4 or 5 star rating¹, we'll reward you with a discounted interest rate.

Benefits

You can enjoy the following benefits:

competitive interest rates
loans from $3,000.

Eligibility

To be eligible, you must:

be a BankVic member
be aged between 18 – 25 years
meet our lending assessment criteria applying to all credit applications and
be buying your first car.

Features

Features of My first car loan include:

flexible repayment options fixed interest rate term options of 1 – 5 years.

Rates & fees

Rates

	Rate pa	Comparison rate pa
Safe used car¹	7.99%	8.12%
My first car	7.99%	8.12%
New car	6.99%	7.12%
Used car	NA	NA
All BankVic car loans are secured by a goods mortgage. Rates effective 12th December 2016 and subject to change at any time. Comparison Rates: WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges apply. Information on Terms & Conditions, fees & charges and interest rates are available upon application or request. Comparison rates have been calculated for a secured used car loan for an amount of $30,000 over a term 5 years.

Fees & Charges

Refer to Fees & Charges (PDF) for information on current fees & charges.

Apply now

3 easy ways to apply

Apply online
Call 13 63 73 option 4, or
Visit a branch

Before you apply...

We recommend that you read our Credit Guide (PDF).

1 Safe used car: a car that has achieved a four or five star rating, with either the Australasian New Car Assessment Program (ANCAP) or Used Car Safety Ratings program (UCSR). Visit ancap.com.au or howsafeisyourcar.com.au to access individual rating details. All credit applications are subject to our credit approval criteria. Any advice is general and has been prepared without taking account of your objectives, financial situation or needs. Before acting on the advice you should consider whether the advice is appropriate for you and read our Credit Guide. Before you make any decision to acquire an insurance policy you should obtain and consider the relevant Product Disclosure Statement available from our website, any branch or by calling 13 63 73.