To apply for a Car Loan at Horizon Bank you don’t need to be an existing member, however should your loan application be approved you will subsequently become a member.
As a member of Horizon Bank you will enjoy the benefits of belonging to a customer-owned bank. This means we return our profits to our members in the form of competitive rates, convenient tech access facilities and service second to none.
Everything we do contributes to enhancing our members’ lifestyles.
Learn more about opening an account or apply online today.
Prefer to come in and chat to us? Find your local branch.
The minimum amount that can be borrowed for a Car Loan is $5,000. You may want to consider a credit card or overdraft for smaller amounts.
With our New Car Loans, you can borrow up to 100% of the purchase price of the car, dependant on individual circumstances.
Apply for pre-approval, we can tell you how much you can afford to borrow & then you can go shopping!
Want an estimate of how much you can borrow? Use our Borrowing Power Calculator.
Want to know how much your repayments would be? Use our Car Loan Repayment Calculator.
Note: The results from the calculators should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan.
When you take out a Horizon Bank Car Loan, you will have the flexibility of choosing your loan repayments: weekly, fortnightly, or monthly. You can choose whichever suits you and your circumstances.
You can arrange to make your loan repayments either by:
If you wish to do so, you may make extra repayments on your car loan without penalty, and you are able to (access) redraw on those additional repayments without a fee. You can also pay off your loan early without penalty.
To find out more about our Car Loans, speak to the team at your local branch or get in touch with us here.
You can register for eStatements meaning you will be able to access your statements through the Online Banking Service.
Statements are produced monthly or six monthly, and you can request duplicate statements any time from our office. Your account information can be accessed through our Online Banking Service wherever, whenever.
The security for a New Car Loan or a Used Car Loan is a Goods Security Agreement over the vehicle. A fee is payable.
Examples of the types of vehicles that we can use are:
A Goods Security Agreement (GSA) is a type of legal document that provides the lender with the right to make claim over the assets that are put down as loan collateral.
For more information, reach out to one of our lenders or enquire online.
We’re here to help you if you are a Horizon Bank member and experiencing financial difficulties.
You may be experiencing financial hardship for many reasons including but not limited to illness, losing your job, breakdown of relationship, loss of a family member, natural disasters or more. We’re here for you if you are struggling to make your repayments.
When you apply for hardship assistance, we may be able to help you find ways to ease the pressure.
Read more about Financial Hardship.
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Head Office 27 Stewart Street Wollongong NSW 2500
General Enquiries 02 4224 7700
Horizon Credit Union Ltd ABN 66 087 650 173 AFSL and Australian Credit Licence Number 240573 trading as Horizon Bank