HomeCar LoansBOQFixed Rate Flexible Car Loan

BOQ Fixed Rate Flexible Car Loan

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The BOQ Fixed Rate Flexible Car Loan offers rates from 7.39% p.a. (8.19% p.a. comparison rate*). on loans of $5,000 to $80,000.


Updated 23 September 2024


Fact checked and verified. Updated 23 September 2024
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Expert Review

The BOQ Fixed Rate Flexible Car Loan is a secured loan with a fixed rate of 7.39% p.a. (8.19% p.a. comparison rate). You can borrow from $5,000 to $80,000. You can choose a loan term of 1-7 years with an establishment fee of $195 and an ongoing fee of $7 per month.

This loan may be suitable for you if you’re looking for car finance that values the certainty of set payment amounts and looking to minimise interest rates. Other benefits include flexibility to redraw additional repayments made previously, as well as no fee charged for paying out the loan early.

Product Details
Fees

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$195 establishment fee

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$7.5 ongoing monthly fee

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No early repayment fee

Other fees may apply.

Rates

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Fixed rate of 7.39% p.a.

Loan Amount

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From $5,000 to $80,000

Loan Terms

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1, 2, 3, 4, 5, 6 or 7 years

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Secured loan

Features

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Redraw extra repayments that you have made

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the BOQ website.

More information
The comparison rates on this page are based on either a $30,000 loan over 5 years, or a $10,000 loan 3 years, as indicated with each rate. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in different comparison rates.
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