Broli Finance Car Loan
- Application Fee
- $375
- Interest Rate (p.a.)
- From 6.49% (fixed)
- Comparison Rate (p.a.)
- 7.49%
- Max Loan Amount
- $150,000
Summary
Get access to a range of lenders with the Broli Finance car loan.
If you need a car loan, Broli Finance gives you access to more than 30 lenders and 80 loan products to help find the finance option that's right for you. You can use the loan for a new or used vehicle, to refinance an existing vehicle, or fund a vehicle purchase for your business.
Details
Broli Finance Consumer Car Loan
Product Name | Broli Finance Personal Car Loan |
Interest Rate (p.a.) | 6.49% |
Comp. Rate (p.a.) | 7.49% |
Interest Rate Type | Fixed |
Min Loan Amount | $5,000 |
Max Loan Amount | $150,000 |
Broli Finance Commercial Car Loan
Product Name | Broli Finance Commercial Car Loan |
Interest Rate (p.a.) | 6.29% |
Comp. Rate (p.a.) | 7.41% |
Interest Rate Type | Fixed |
Min Loan Amount | $10,000 |
Max Loan Amount | $300,000 |
What types of car loan does Broli offer?
Broli Finance consumer car loan
You can choose either a secured or unsecured loan and can use the loan to finance a car, motorbike, caravan or boat. You can borrow from $5,000 to $150,000 on a secured loan, or borrow up to $50,000 on an unsecured loan.
Rates start from 6.49% p.a. with a comparison rate of 7.49% p.a. on a secured loan, but will vary depending on the lender that is used. You can get a loan term of 1 year -to- 7 years for a secured loan, or 1 year -to- 5 years for an unsecured loan.
Broli Finance commercial car loan
You can borrow up to $300,000 on a secured loan for a term of 1 year to 7 years. The loan can be used for new or used vehicles, including cars, boats, motorbikes and caravans.
Once you make an inquiry, Broli will assign you a personal finance expert to help you through the approval and buying process.
Features of a Broli Finance car loan
- Competitive fixed rates. Rates start from 6.49% p.a. for a secured loan, with a comparison rate of 7.49% p.a.
- Secured or unsecured. You can choose to use the vehicle as security against the loan, or opt for an unsecured loan.
- Flexible loan amounts. You can borrow from $5,000 to $150,000 on a secured loan or up to $50,000 on an unsecured loan for a consumer car loan. For a commercial car loan, you can borrow between $10,000 and $300,000 on a secured loan.
- Access to multiple lenders. Broli uses over 30 lenders and 80 products to help find a loan that suit your needs.
- Fast approval. Loans can be approved in as little as one hour.
- Flexible loan terms. You can repay the loan over 1 year -to- 7 years with a secured loan or from 1 year to 5 years for an unsecured loan.
- Free vehicle history checks and valuations. Once you have been approved for a loan, Broli will provide free vehicle checks to help you find a suitable car.
- Flexible repayment options. You can make payments on a weekly, fortnightly or monthly basis. For a commercial car loan, payments can be arranged to match the cash flow of your business.
- Balloon payment option for commercial car loan. You can choose to reduce your repayments and instead make a final lump sum payment at the end of the loan term.
How much does the loan cost?
You will need to pay the following fees as part of the loan:
- Establishment fee. You will pay a $375 application fee.
- Monthly fee. You will also pay an ongoing service fee of $5 as part of the loan.
- Late repayment fee. You might also need to pay a missed payment fee if you fail to make a repayment on time.
How does Broli Finance Car Loan compare with other car loan providers
More Info | ||
Interest rate From 6.49% p.a. | Interest rate From 6.24% p.a. | Interest rate From 6.24% p.a. |
Comparison rate 7.49% p.a. | Comparison rate 6.59% p.a. | Comparison rate 7.37% p.a. |
Loan term 1 to 7 years | Loan term 1 to 7 years | Loan term 3 to 7 years |
Loan amount $5,000 to $150,000 | Loan amount $2,000 to $125,000 | Loan amount $5,000 to $150,000 |
Not what you're looking for? |
What commercial car loans does Broli offer?
Broli Finance also offers the following vehicle finance options:
Chattel mortgage
This is a business car loan that gives you immediate ownership of the vehicle, which is then paid off over a set term. You can claim the GST of the purchase and deduct the interest from your taxable revenue.
Novated lease
Your employee can lease a car using their pre-tax income to help save on tax. Your business arranges for lease payments to be taken directly from their income.
Commercial hire purchase
The lender will purchase a vehicle on behalf of your business, which is then leased for a set term. You then take ownership of the vehicle at the end of the loan term, provided you have completed your repayments.
How to apply for a Broli Finance car loan
You will need to meet the following criteria to be eligible for a loan:
- Be 18 or older
- Be a permanent resident of Australia
- Be currently employed
You can apply by phone or online, and will also need to provide the following information as part of your initial inquiry:
- Name and contact details
- Business name and details (when buying a vehicle for your business)
- Loan amount required
If you're looking to finance a new or used vehicle, Broli Finance can help find you a loan from over 30 lenders.
You should always compare a number of car loan options before deciding on the one that is right for you.
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