Brisbane Forums.com

Rissa · Brisbane Forum Guest Joined: 06 Jan 2006 Posts: 5

Hi, does anyone know what bank has the lowest interest for a car or personal loan?

Thx

yshimy · Posted: Sun Feb 05, 2006 3:56 pm Post subject:

Checked it myself.

RAK is the lowest i think it is 3.75

if you have contacts in banks, they give you very good rates.

Rissa · Brisbane Forum Guest Joined: 06 Jan 2006 Posts: 5

great, thanks for this . I kinda came to that conclusion too but didn't want to get stung!

Someone also advised me to get a personal loan instead of car loan due to the dispute between ownership. do you know of any pitfalls to avoid?

yshimy · Posted: Mon Feb 06, 2006 4:29 pm Post subject:

well, for sure personal loan is higher rate, but i don't know how much it is.

But depends on your agreement with the bank

HSBC you don't pay any extra, but you have to inform them 3 months in advance when you want to sell the car. you only pay what is remaining without charges. (or so they say)

check other banks, i don't know about them.

cheers

BFG-9000 · Posted: Tue Feb 07, 2006 9:17 am Post subject:

HSBC are the only bank that have no early settlement fees - even within first year.

Others entertain the idea if you finance your new vehicle through them.
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Lorcan · Brisbane Forum Guest Joined: 17 Jun 2008 Posts: 2

do you mean RAC? I cant find anything on RAK.