We specialize in Mortgage brokers Melbourne and Best mortgage broker in melbourne services . From the cash payday to mortgages, get the best rates for all your financial needs. We offer both short and long term financial products and services, so as to meet the diversified portfolio of our clients,

1. What Interest Rates you should Expect for Your Best Personal Loans Melbourne?
If you are planning to purchase a vehicle, whether used or a new one, then definitely you might
be interested to know what rates you would be paying for the car loan. The rate of interest for
Car Loans Melbourne is usually determined by certain factors including:
 How much the car will cost you over time
 How much of monthly installment you would be paying
 The loan amount
Period of Car Loan Term
Usually, most of the car loans today are written from 72 to 36 months. The period of car loan
that you would spend paying on your new car will help decide the rate of interest. Remember,
the longer the term for paying car loan, the more interest you will be paying. The Car Loans
Melbourne that is being paid off for 72 months usually has smaller monthly installments
compared to the loans that are being paid in 36 months. So, always decide for how long you are
planning to keep your car because it influences the amount of interest rate that you will pay for
the loan term. You may consult the best Home Loans Brokers Melbourne to know the terms
and best deals on car loans.
Unsecured or Secured
To get the better picture of interest rates of Best Personal Loans Melbourne, you are required to
determine if you want to apply for unsecured or secured car loans. The interest rates of these
types of car loans are very different.
In secured car loans, the applicants are required to pledge any collateral security against the car
loan. The lending agencies of secured loans usually assume less risk for lending funds under
secured terms, thus, the rate of interest is kept lower as the applicants pledge collateral security.
In unsecured car loans, there is no requirement of pledging any collateral security, thereby great
risk is involved as funds are offered under unsecured terms. Therefore, the lending agencies
usually keep the rate of interest quite higher under this type of car loans.
However, there is a way to reduce the rate of interest in unsecured car loans and this is by
providing a credit worthy co-signer who agrees to make payments if you default.
Down Payment Decreases Rate of Interest
To keep the rate of interest at the minimum on both unsecured and secured car loans, you must
make a down payment. The payment you will make as down payment for the car will be
deducted from the original price of the vehicle before the monthly payments are determined.
Making a down payment ensure that you are willing to make monthly payments regularly and

2. hence the lenders of Best Personal Loans Melbourne charge your less rate of interest because
they encounter less risk when lending money to you. If you make down payments, then you have
owed less money from lenders and this will keep the payments lower and ultimately the interest
rates to the minimal.