Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$593
based on $30,000 loan amount for 5 years at 6.90%
Pros and cons
For Car Loan (Vehicle < 5 Years)
Benefits
- Lower than average rate
- Lower than average application fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Suitable for both new or used car
Drawbacks
- Service fee charged
- Cannot apply in branch
Defence Bank Rate Car loan overview
For Car Loan (Vehicle < 5 Years)
Details
Total repayments $35,557 | Interest rate type Variable |
Borrowing range $1k - $250k | 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 Defence Bank to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $150 | Ongoing Fee $10 Monthly |
Missed Payment Penalty $0 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |