Important disclosure

Australian Military Bank Ltd

Car Loan

Real Time Rating™

  • $4k to $200k
  • 1 to 7 years
  • New or used car
  • Variable Rate
Interest Rate

6.95%

p.a

Comparison Rate*

7.89%

p.a

RateCity says

“Apply online or in branch for this competitive, instant-approval car loan. Benefit from no early exit penalty and unlimited extra repayments. For new or used vehicles.”

Real Time Rating™
Tags
  • $4k to $200k
  • 1 to 7 years
  • New or used car
  • Variable Rate
Interest Rate

6.95%

p.a

Comparison Rate*

7.89%

p.a

Go to site
More detailsmore-details

Australian Credit Licence 237988Fees & charges apply

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

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.

How to apply

If you'd like to apply for this product or just get more information, follow the application process on Australian Military Bank.