A car loan is a type of personal loan used to purchase a new or used motor vehicle. The period over which the car loan is borrowed can range from 1 to 7 years. As with home loans, you can choose to take out a fixed or variable interest rate loan.
Generally you would have the option to choose whether you want a “balloon”. A balloon is a lump sum payment at the end of the loan term. As this lowers repayments, most people choose this option as they plan to sell and upgrade their car.
We believe that every client is unique and that no client should be treated like a number. We understand that the process of securing finance can be long and often tricky. With years of experience in the banking and finance industry, our staff has helped over hundreds of happy clients. We endeavour to simplify the process for you and assist you in achieving your goals.
