Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$593
based on $30,000 loan amount for 5 years at 6.95%
Pros and cons
For Car Loan
Benefits
- Lower than average rate
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Suitable for both new or used car
- Approval is instant
Drawbacks
- Service fee charged
Australian Military Bank Rate Car loan overview
For Car Loan
Details
Total repayments $35,600 | Interest rate type Variable |
Borrowing range $4k - $200k | Security type Secured |
Loan term 1 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Age of car up to 5 years | Target Market Determination Visit Australian Military Bank Ltd to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $150 | Ongoing Fee $10 Monthly |
Missed Payment Penalty $10 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
Car age < 5 years old. Application fees range from 100 to 500 dollars.