car loan

car loan，It is also a type of personal loan，Can be used to buy new or used cars。
Minimum loan amount：$7500
repayment period：least12months，longest7Year
Repayment：Principal with interest，Choose from fixed or floating interest rates。Generally, the normal private car loan interest rates vary greatly according to different hot conditions and different banking institutions.，The minimum can be5%about，The highest possible21%above。
Interest accrued on car loans is tax deductible in some cases，Cars accepted for both public and private use，That is to say, part of the purpose of the car itself can be used as a public purpose.，The proportion generated can be deducted from personal inwithe tax.。

Car loan application conditions
Normally，Only Citizen，PR and specific work visas and tinporary visas（like457、188visa）Holders can apply for car loans。Student visa and any Bridging Visa（bridge visa）You cannot apply for a loan in any form。
usually，Car loans don’t require pre-approval like home loans do，The overall process of car loan is very fast，Can be approved as soon as one working day。