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  3. MOVE Bank
  4. New Car Loan Fixed

New Car Loan Fixed

  • $10k to $150k
  • 1 to 7 years
  • Fixed Rate
  • Secured

Interest rate p.a.

6.99%

Comparison rate* p.a.

7.26%

New Car Loan Fixed

  • $10k to $150k
  • 1 to 7 years
  • Fixed Rate
  • Secured

Interest rate p.a.

6.99%

Comparison rate* p.a.

7.26%

Calculate your repayments for this loan

$

Your estimated repayment

$594

based on 30000 loan amount for 5 years at 6.99%

Pros and Cons

For New Car Loan Fixed

Benefits

  • Lower than average rate
  • No ongoing fees
  • Lower than average application fees
  • No early exit penalty
  • Unlimited extra repayments and free redraw
  • Unlimited extra repayments
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Fast time to funding
  • Approval is instant

Drawbacks

  • Limited to new cars

MOVE Bank Rate Car Loan overview

For New Car Loan Fixed

Details

Total repayments
Interest rate type

Fixed

Borrowing range

$10k - $150k

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 3 years

Target Market Determination

Visit Railways Credit Union Limited T/A MOVE Bk to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

24 hours

Fees

Upfront fee

$195

Ongoing Fee

$0

Missed payment penalty

$0

Early exit penalty fee

$0

Permitted Loan Purposes

New car

Used car

Motorcycle

Boat