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+--- Forum: Brisbane Auto (https://brisbaneforums.com/forum-17.html)
+--- Thread: Car loans (/thread-1961.html)
Car loans - Rissa - 02-04-2006
Hi, does anyone know what bank has the lowest interest for a car or personal loan?
Thx
- yshimy - 02-05-2006
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.
Car loans - Rissa - 02-06-2006
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 - 02-06-2006
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 - 02-07-2006
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.
- Lorcan - 06-17-2008
do you mean RAC? I cant find anything on RAK.