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Used Vehicle Loan (Vehicle < 5 Years)

Defence Bank

Borrowing Amount
Loan term
Advertised Rate6.59%variable
Comparison Rate7.58%
Monthly Repayment$588
Loan amount$1k to $150k
Pros
  • Features a low rate
  • No early exit penalty
  • Can apply online
  • Available for 457 visa holders
Cons
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Cannot apply in branch

Suitable For

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat

Loan Fees

Upfront Fee
Upfront Fee$150
Early Exit Penalty Fee
Early Exit Penalty Fee$0
Missed Payment Penalty
Missed Payment Penalty$0
Redraw Activation Fee
Redraw Activation Fee$0
Other Fees
Other FeesN/A

Loan Profile

Repayment Type
Repayment TypeVariable
Loan Type
Loan TypeSecured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
View Repayment Schedule

Features Flexibilities

Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
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