Community CPS Enviro Green Car Loan
What the Enviro Green Car Loan Features
The enviro green car loan comes with a fixed rate of interest and allows you to borrow the entire cost of the car and allow you to use the new car as collateral. Enviro Green car loans are available for terms up to and including 7 years. The fixed rate of interest loan also allows you to choose from several payment options including how and when you make your payments and the option to make additional payments without penalty.
The payment options include the ability to make payments via payroll deduction, over the counter or direct credit. You also have the option to make payments according to your employment pay periods, allowing you to make one payment per pay period rather than be required to make more than one payment per pay period.
Loan pre-qualification will give you the ability to search for a car within your financial realm rather than apply for a loan for a specific car. This gives you a great deal of flexibility when searching for a new car, but keep in mind pre-qualification may tie your car search to a prescribed time frame, as well. If that time frame expires before the loan is activated will give the lender the opportunity to adjust the interest rate up or down or keep it the same if the pre-qualification period is extended.
In the event over-payments are made, the overage is not available for redraw, but will serve to pay the loan in a timelier manner.
The Application
Applicant for an enviro green car loan can apply for the loan in person at the nearest CPS Community office during regular office hours or can fill out the application online and submit it electronically. In order for the application to be considered, all the requested information must be included. If the application is found to be incomplete, the application will either be sent back to the applicant for completion or denied on that merit.
The applicant cannot be younger than 18 years old to apply for a car loan and must be employed and receive a regular paycheck or otherwise demonstrate the financial ability to payback a loan. The applicant must also provide contact information, a residential address and a driver’s license number. If the applicant lives in state other than Western Australia, New South Wales, the Australian Capital Territory or South Australia, the applicant is required to contact the Community CPS customer service for further application details.
Upon submission of the application, it will be reviewed for completeness and if deemed complete, the application will be reviewed based on the information provided and the review criteria as set by CPS Community. The application will be approved or denied and the applicant will be notified of the outcome.
The Statement of Account
You will be issued an account statement twice a year, once in June and once in December. The statement will be proof of your payment history, interest paid and the balance due at that time. If statements are required or desired at other times either at random or according to schedule, a request can be submitted and the statement will be provided, but a processing fee will be applied.
To avoid an additional fee, electronic statements can be requested that will provided the same information as the June and December statement. No fee will be applied for an electronic statement.
Car Loan Insurance
There is car loan coverage insurance available in the event you are not able to keep current with loan payments in case of illness or injury, temporary or permanent disability or death. Adding this option will cover payments during your incapability to make payments. In the event of your death, any balance due on the loan will be paid in full. This coverage comes with a life insurance benefit for the designated beneficiary. The cost of premiums is minimal and can be added to the loan payment or paid separately.
Featured Personal Loans
| Personal Loan | Details | Min Interest Rate | Min Comparison Rate | Min Loan Amount | Min Loan Terms | Apply Fee | |
|---|---|---|---|---|---|---|---|
 ME Bank Personal Loan | A low rate personal loan from ME Bank with no application fee for a limited time. | 13.59% | 13.81% | $5000 | 1 year | $0 |   |
 Aussie Personal Loan | A smart way to consolidate your bills to save time and money so you can pay for your holiday, a wedding or renovate the house. | 13.90% | 14.84% | $3000 | 1 year | $199 | |
 Sugar Money Personal Loan | Fixed rate personal loan with flexible options to get you funds when you need it. | 13.99% | 15.00% | $3000 | 2 years | $250 | |
 bankmecu Personal Loan | A convenient and fast way to purchase a car or debt consolidation with affordable rates and fees. | 13.49% | 14.55% | $1000 | 1 year | $150 | |
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