Australian Military Bank Car Loan

Apply for a loan up to $80,000 to finance a new or used car, motorbike or boat.

This car loan from Australian Military Bank is a flexible loan that lets you finance a car, motorbike or boat up to five years old. You can apply for a loan from $4,000 and if you're a member with a 20% deposit for your vehicle you can be eligible for the lowest interest rate tier. Find out more about this loan in our review.

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$500 (from $100 to $500)

Application Fee

From 4.49% (fixed)

Interest Rate (p.a.)

5.4%

Comparison Rate (p.a.)

$80,000

Max Loan Amount

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Details

Product NameAustralian Military Bank Car Loan
Interest Rate (p.a.)From 4.49% (fixed)
Comparison Rate (p.a.)5.4%
Interest Rate TypeFixed
Min Loan Amount$4,000
Max Loan Amount$80,000

Main points to consider with the Australian Military Bank Car Loan

This car loan comes with a personalised interest rate from 4.49% p.a. that will be based on your personal credit history. If you have a deposit of 20% or more, you can be eligible for the lowest interest rate tier. You can apply for a loan amount between $4,000 and $80,000 and select loan terms up to 7 years.

You must be financing a car, motorbike or loan up to five years old. Keep in mind an application fee of $500 (from $100 to $500) applies as well as a monthly fee of $10.

Features of the car loan from Australian Military Bank

There are a number of features available with this loan, including:

  • Competitive, tailored interest rates. The interest rate for this loan will be tailored to your credit history. Interest rates start from 4.49% p.a. The comparison rate on this loan starts from 5.4% p.a.
  • Lower rates if you have a deposit. Members that provide a deposit of 20% or more can be eligible for the lowest interest rate tier. Keep in mind you'll still be subject to Australian Military Bank's normal lending criteria.
  • Loan amount. You can apply for between $4,000 and $80,000.
  • Flexible loan terms. Choose your own loan terms between 1 year and 7 years. If you want to repay your loan ahead of schedule you can do so without penalty.
  • Vehicles you can finance. You're able to finance a motorcycle, car or boat up to five years old.
  • Salary repayment option. You're able to make repayments directly from your salary.

How much does the loan cost?

The following fees and interest rates apply to this loan:

  • Interest rate: You will receive a personalised rate from 4.49% p.a. based on your credit history.
  • Monthly fee: $10.
  • Application fee: $500 (from $100 to $500).

How to apply for this car loan

You can apply for this car loan online by clicking "Go to Site". First, make sure you (and any joint applicants) meet the eligibility criteria:

  • Over the age of 18
  • A citizen or permanent resident of Australia
  • Are currently employed or earning a regular income
  • Have not declared bankruptcy or insolvency or had any defaults in the last five years
  • Agree to become a member of Australian Military Bank

You'll need the following details on hand to complete your application:

  • Details of your employment, income and living expenses
  • Information regarding your assets such as your savings and super
  • Details of any debt you owe, such as loans and credit cards
  • Your latest payslip

Once you complete your online application it will be sent to the Australian Military Bank online team. Someone will be in touch in 24 hours to let you know if you've been approved as well as your personalised interest rate. You'll receive a reference number to track your application and you'll also be able to track it in your Internet banking account.

Remember to always compare car loan options thoroughly before submitting an application in order to find the best possible financial solution for your circumstances.

Compare car loan providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Wisr Secured Car Loan
From 4.74% (fixed)
4.75%
$5,000
3 to 7 years
$0*
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

*Special Offer: New loan applications approved and funded through Finder will get the $595 establishment fee waived off. Offer ends on 30 June 2021. Eligibility criteria, fees and T&Cs apply.


Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Credit Concierge Car Loan
From 3.35% (fixed)
4.41%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
CarClarity Car Loan
From 3.35% (fixed)
4.95%
$10,000
1 to 7 years
$356
$8.25
You'll receive a fixed rate from 3.35% p.a.
Get access to more than 30 lenders to finance a new or used car for personal or corporate use. Borrow up to $250,000 with terms from 1 to 7 years.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
RACQ Bank Car Loan Special
5.49% (fixed)
6.16%
$3,000
Up to 7 years
$395
$0
You'll receive a fixed rate of 5.49% p.a.
Borrow up to $60,000 for a new or used car and get a range of membership benefits.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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2 Comments

    Default Gravatar
    Grant
    June 18, 2014

    Can I have a loan residual on this type of loan. Say 20%

    Is there any penalty for early repayment?

      Avatarfinder Customer Care
      Shirley
      June 18, 2014

      Hi Grant,

      Thanks for your question.

      You can make early repayments without penalty. In terms of a loan residual, you’ll need to enquire about this directly to ADCU as this is handled on a case by case basis.

      Cheers,
      Shirley

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