Important disclosure

Defence Bank

Car Loan (Vehicle < 5 Years)

Real Time Rating™

  • $1k to $250k
  • 1 to 7 years
  • New or used car
  • Variable Rate
Interest Rate

6.90%

p.a

Comparison Rate*

From

7.67%

p.a

Real Time Rating™
Tags
  • $1k to $250k
  • 1 to 7 years
  • New or used car
  • Variable Rate
Interest Rate

6.90%

p.a

Comparison Rate*

From

7.67%

p.a

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

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

Promoted car loans

Promoted

Lower Rate

New Car Loan - Home Owner Special

Real Time Rating™
  • $5k to $150k
  • 3 to 7 years
  • Variable Rate
  • Secured
Interest Rate

6.24%

p.a

Comparison Rate*

From

7.36%

p.a

Promoted

Secured

Used Car Loan (Car < 10 Years)

Real Time Rating™
  • $1k to $80k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.70%

p.a

Comparison Rate*

11.35%

p.a

Promoted

Generic

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