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Interest Rates

An interest rate is the rate which is charged or paid for the use of money. Interest rates are typically noted on an annual basis, known as the annual percentage rate (APR). So that consumers are able to easily compare interest rates between credit providers, whenever an interest rate or repayment amount is published in an advertisement, the credit provider must also disclose the comparison rate as prescribed by the regulations.

As a borrower, if you and/or the goods you are buying are considered by credit providers to be low-risk, you will usually be charged a low interest rate; if you and/or the goods you are buying are considered high risk, the interest rate you will be charged is likely to be higher.

There are many factors taken into account to determine the interest rate you may be charged, including, but not limited to:

  • your credit rating relative to other borrowers and how well you have managed debt in the past;
  • your residential profile such as whether you own, are buying or renting your home;
  • your employment profile which takes into account your occupation, employer profile and length of time employed in each job;
  • the type of goods your are buying (car, boat, bike, caravan, light commercial etc.) and whether they are new or used;
  • the amount you are borrowing and the loan amount relative to the value of the goods being financed; and
  • the structure of the loan.

In order to determine the interest rate AFS will be able to arrange for you, you will need to complete and submit a full loan application so that we can undertake a final assessment.

AFS' mission is to understand your requirements & objectives and prodvide an affordable finance solution that suits your needs and financial situation.



Fixed Rate Loan


Interest Rate

Comparison Rate


Term Rate
$5,000 to $70,000
Loan Amount

Loan Amount
Repayment Frequency


** Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Credit provider is Automotive Financial Services – Australian credit licence 383762. ^Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.




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