Australian Military Bank New Car Loan

Information verified correct on December 5th, 2016

Borrow up to 100% of the purchase price for your next car or bike with the New Car Loan from Australian Military Bank.

The Australian Military Bank loan for new cars is available for vehicles up to 12 months old. You can apply online and have a decision in less than 15 minutes.

Things to consider about the Australian Military Bank New Car Loan

Product NameAustralian Military Bank New Car Loan
Interest Rate (p.a.)From 6.59% (variable)
Comparison Rate (p.a.)7.55%
Interest Rate TypeVariable
Maximum Loan Term7 years
Min Loan Amount$1,000
Max. Loan Amount$80,000
Application Fee$150
Monthly Service Fee$0
Loan SecuritySecured

Pros

  • Loan repayment insurance available
  • Make additional repayments

Cons

  • Application fee of $150
  • Other fees and charges may apply
  • 18+ years of age
  • Employed or receiving an income
  • Australian citizen or permanent resident
  • Not bankrupt
  • No credit issues

How to apply for this loan

You can apply for this loan online with Australian Military Bank. Make sure you meet the criteria outlined above before submitting your application. You'll also have to provide the following information:
  • Employment details
  • Financial statements
  • Your address and previous address if you've been there less than 12 months
Before you apply, remember to compare your car loan options to make sure you find the right loan for you.
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