Car Loans | Community First Bank

Fixed car loan

For vehicles up to 5 years old

Fixed Interest rate:	6.29%p.a. ¹
Comparison rate from:	7.34%p.a. ^*

Can be used for cars, caravans, boats and motorbikes that can be registered.

Variable car loan

For vehicles up to 5 years old

Variable Interest rate:	6.29%p.a. ²
Comparison rate from:	7.34%p.a. ^*

Can be used for cars, caravans, boats and motorbikes that can be registered.

Features and benefits

Easy

Loans over 1-7 years so you can find a repayment to suit your budget.

Flexible

Peace of mind that you can redraw repayments made in advance on your loan.

Swift

We can arrange a swift conditional approval so you can start car hunting.

$10

Monthly fee

A small monthly fee applies.

$249

Application fee

We'll simply add this to your loan. Includes the PPSR fee.

$10,000

Minimum loan amount

Maximum loan amount is subject to credit assessment.

How to apply

You can apply online, over the phone or at one of our financial services stores.

Apply online

You can apply if you:

Are over 18 years of age
Have a regular income
Are not or have not been bankrupt (including Part IX agreements)
Are an Australian citizen or a permanent resident
Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
Have been in your current job longer than 6 months
Have an acceptable Credit Risk Profile (Credit Score)

Your personal details, such as your current and previous address, phone number and email address
Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Depending on your loan, your account transaction listing where your income is deposited, via our Bank Statements service

Community First Bank is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts.

The types of documentation we will request from you may vary between applicants due to differences in individual situations and the type of loan you are applying for. The following are some examples of documentation you may be asked to provide.

Last 2 years full Tax Returns and financials/profit & loss statements for both of your personal and/or company tax returns to support your Self Employed income, and last 2 pay slips for other applicants
Proof of any rental income for properties via real estate statement or copy of executed lease
Latest Notice Of Assessments for each applicant
Everyday transaction account statements where your income is credited to via our Bank Statements service
Statements of any loans or credit cards you are refinancing to us via our Bank Statemnets service
Copy of current rates notice if it is a mortgage application

Fees and charges

An Early Repayment Fee (ERF) applies for fixed loans. Refer to our latest fees and charges schedule for more information about fees and charges.

Fees and charges

Credit eligibility criteria, terms & conditions, fees & charges apply. You can view Target Market Determinations here.
¹Rate is current as at 04/04/24 and subject to change without notice.
² Rate is current as at 04/04/24 and subject to change without notice.
* The comparison rate is based on a secured loan amount of $30,000 over a loan term of 5 years. WARNING: This comparison rate is 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.

This information on this website is general advice only and does not take into account your objectives, financial situation or needs (your "personal circumstances"). Before deciding whether to buy any product on this website you should consider your personal circumstances. You should read and consider the Terms and Conditions when deciding to use any product (terms and conditions, fees and charges may apply). Our product Conditions of Use are available on this website.