Our Car Loan comes with some great benefits...
- Variable and lump sum repayments
- Redraw facility
- No monthly account keeping fees
- Loan Repayment Insurance available
- Automatic repayments (payroll deduction)
- Easy online application
- Free car buying services
Variable and lump sum repayments
By contributing any extra income to your loan, in addition to your usual repayments, you are able to pay off your loan sooner and therefore you could save thousands of dollars in interest costs. ^
Redraw facility
Encompass Credit Union gives you the option of making extra repayments on your loan and then having the flexibility of being able to redraw on these extra repayments. You need to have your loan in advance by at least $110 and the minimum redraw is $100. This facility allows you to park extra funds on your loan, thus saving you interest and then redrawing them as required. See our Fees and Charges for Redraw fees. ^
No monthly account keeping fees
Unlike some other institutions, we do not charge any account keeping or service fees on our loan accounts, saving you money. ^
Loan Repayment Insurance available
Loans are long term commitments, so it makes sense to protect your repayments. Learn more about our Loan Repayment Insurance. ^
Automatic repayments (payroll deduction)
We prefer you to make payments by arranging for automatic repayments by payroll deduction, but you can also make payments via Periodical Payments from your savings or transaction account within Encompass, Internet or Ready Phone banking. or through the Bank@Post service at most Australia Post Offices. Setting up automatic repayments saves you time and enables you to avoid any late fees. ^
Easy online application
Submitting a loan application couldn't be simpler. You can apply online today and receive approval within 24-48 hours. ^
Free car buying services
Auto Search (based in Sydney) Is a free car buying service, providing members of Credit Unions a complete car buying service. Auto Search consultants assist people with the purchase of all types of motor vehicles, both New and Used. With no high pressure sales staff to deal with and full warranty from manufacturers or dealers as required you can rest assured Auto Search will help find the car for you - autosearchnsw.com.au
Auto Advantage (operating out of the Hunter Region) is also a car buying service, free to all members financing their purchase with an Encompass loan. Using autoadvantage.com.au is ideal for members who want expert service and assistance when buying a car. Auto Advantage specialises in buying new and used cars (over $10,000) of all makes for both personal use or for people in business. They now provides car buying services for people throughout Australia.
For more information on these two car buying services, contact us today or visit their website.^
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