Heartland Bank Car Loan

Apply for a car loan and get access to funding for a range of vehicle types.

Car loans from Heartland Bank allow you to borrow up to $200,000 for a vehicle of your choice. The loan is secured against the vehicle you purchase and can be repaid over a period of 6 months to 5 years. Interest rates range from 7.95%–14.95% and are determined by your loan size, structure and ability to make repayments. If you’re looking for a new car, van, bike or boat, consider a car loan from Heartland Bank.

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7.95%–14.95%

Interest Rate (p.a.)

$200,000

Max. Loan Amount

Details

Product NameHeartland Bank Secured Car Loan
Interest Rate (p.a.)7.95%–14.95%
Min. Loan Amount$5,000
Max. Loan Amount$200,000
Loan SecuritySecured
Loan Term6 months to 5 years
More Info

Pros and cons

Pros

  • Large lending limits
  • Small interest rate range

Cons

  • Up to $500 broker fee
  • $205 establishment fee

Main points to consider with a Heartland Bank car loan

You can apply for a Heartland Bank car loan between $5,000 and $200,000. Loan terms vary from 6 months to 5 years years and interest rates range from 7.95%–14.95%. The amount you’re allowed to borrow, and the interest rate charged, will be impacted by your credit history and current financial circumstances.

Features of a car loan from Heartland Bank

  • Interest rates between 7.95%–14.95%. The amount of interest charged on your loan will depend on your loan size, the term of your loan, your credit history and your ability to make repayments.
  • Flexible loan size. Heartland Bank allows you to borrow between $5,000 and $200,000. This grants you the flexibility to find a vehicle that suits your specific needs and purposes.
  • Loan terms. When you apply for a loan, you’ll be able to nominate a loan term. Heartland Bank offers terms of 6 months to 5 years.
  • Zero-deposit finance. You don’t need a deposit to apply for a car loan with this lender, but lending criteria and fees will apply.
  • Processing time. Once you’ve applied for a loan you’ll be contacted by a lending specialist from Heartland Bank within two hours. Response times can vary outside of business hours.
  • Repayment options. Heartland Bank allows you to repay your loan in weekly or monthly instalments.
  • Conditional approval. You can apply for a car loan even if you haven’t found a vehicle. Many people apply for conditional approval so they can get an idea of what sort of vehicle they can afford.
  • Vehicle range. You can use a car loan from Heartland Bank on a range of vehicles, including boats, jet skis, caravans and motorbikes.
  • Insurance options. Heartland Bank offers supporting insurance when you apply for car finance. You can purchase Car Insurance, Mechanical Breakdown Insurance, Payment Protection Insurance and Guaranteed Asset Protection Insurance.
  • Online estimator. The Heartland Bank website offers a calculator that estimates the likely size of your weekly or monthly repayments. Remember these are estimates and the true size of your repayments will be impacted by your credit history.
  • Online application. Heartland Bank allows you to begin the application process for a car loan online.

How much does the loan cost?

The overall cost of your loan will depend on its structure and detail. How much you borrow, how long you borrow it for and your financial history will all have a bearing on total costs.

The following fees may apply to your loan:

  • Establishment fee of $205
  • PPSR fee of $7.39
  • Broker (dealer/introducer) fee of up to $500
  • Early settlement fee of $7
  • Range of late fees and repossession charges

How to apply for a Heartland Bank car loan

To be eligible you must, at a minimum:

  • Be 18 years or older
  • Hold a driver’s licence (You cannot use a learner licence, it must be a restricted licence or higher)

When applying for a car loan you’ll need to provide:

  • Identification. This includes your driver’s licence and your residential address.
  • Verification of employment and income. Heartland Bank may request to see payslips, bank statements and proof of employment. These are provided to demonstrate your ability to make repayments.

Bottom line

Secured car loans from Heartland Bank can be used on a variety of vehicles and can be repaid over five years. This lender offers pre-approval, so you know exactly how much you have to spend, and its interest rates are competitive. Be sure to check all fees, rates and terms before you apply online for a Heartland Bank car finance, to make sure the loan suits your needs.

Compare car finance

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee
FAST QUOTE
Simplify Secured Car Loan
6.25% - 12.50%
$5,000
$500,000
12 - 60 months
$100 - $500
Eligibility: Must be 18+, a New Zealand resident or permanent citizen and have an income of at least $500 per month.
See how much you could borrow without affecting your credit score.
MTF Finance Secured Car Loan
8.20% - 20.20%
$2,000
$100,000
3 to 60 months
$376
Eligibility: Must be 18+, be an NZ citizen, resident or have a work visa, and have a regular source of income.
Secured car loans from $2,000.
FROM 6.99%
The Co-operative Bank Unsecured Personal Loan
6.99% - 19.99%
$3,000
$50,000
6 months to 5 years
$200
Eligibility: Be 18+, an NZ citizen/permanent resident, or have a valid work visa.
Floating-rate, unsecured personal loans from $3,000.
Kiwi Car Loans Secured Loan
6.95% - 19.95%
$5,000
$500,000
1 to 7 years
$195 - $995 depending on lender
Eligibility: Be 18+, an NZ citizen, permanent resident or have a work visa, and have an income of least $500 per week.
100% online secured car loans from $5,000
Lending Crowd Secured Car Loan
5.03% - 15.44%
$5,050
$200,000
3 or 5 years
$450 - $1,450 depending on the amount borrowed
Eligibility: Be a NZ resident/citizen and have a good credit score.
Borrow $5,050 to $200,000 for your chosen vehicle. 100% online with no paperwork or early repayment fees.
CarFinance2U Car Loan
8.95% - 23.95%
$5,000
N/A
1 - 5 years
N/A
Eligibility: Be at least 21 years old, have a valid NZ driver's licence and be an NZ citizen or permanent resident.
With a CarFinance2U secured or unsecured car loan you could get pre-approval for your next car in 30 minutes.
Nectar Unsecured Car Loan
8.95% - 29.95%
$1,000
$25,000
6 months - 4 years
$240
Eligibility: Must be 18+, an NZ citizen or permanent resident, have an income of $400 per week or more (after tax) and a stable credit history.
Unsecured car loans from $1,000 with payouts made within one day of approval. Applications entirely online.
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