ADCU Car Loans

Take advantage of a competitive and flexible car loan from Australian Defence Credit Union.

ADCU Rebranded

ADCU has been rebranded and is now called Australian Military Bank, they offer all the same loan products and services. This page is kept for informational purposes only.

Credit unions are financial institutions run solely to benefit members, with any profits passed on to members in the form of savings and competitive products. The Australian Defence Credit Union (ADCU) started in 1959 and today is one of the longest continuously operating credit unions in the country. ADCU offers two car loan products—both with competitive rates and minimal fees—that are viable options to consider if you are looking for financing options for your next car.

Types of car loans from ADCU

There are two types of car loans offered by ADCU:

  • New Car Loan. The New Car Loan can be used to finance new car purchases between $1,000 and $80,000. The car has to be less than one year old and you can borrow the money for a period of between one and seven years.
  • Used Car Loan.This loan is designed to finance a car that is between one and five years old. You can borrow between $1,000 and $70,000 for a period of up to seven years.

Comparison of ADCU Car Loan

Rates last updated June 27th, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
Australian Military Bank Car Loan
From 5.71% (fixed)
6.57%
$1,000
1 to 7 years
$100 to $500
If you are looking for a car that is less than one year old then this loan could suit you.

Compare up to 4 providers

Rates last updated June 27th, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
IMB New Car Loan
From 5.99% (fixed)
6.34%
$2,000
1 to 7 years
$250
This fixed rate new car loans up to 2 years old features no early repayment penalties
Loans.com.au - New Car Loan
From 5.44% (fixed)
5.99%
$5,000
3 to 5 years
$400
This car loan is for new cars and offers a low fixed rate and no ongoing fees.
CUA Secured Fixed Car Loan
From 6.79% (fixed)
6.92%
$5,000
1 to 7 years
$0
A competitive car loan for new or used vehicles up to 7 years old that offers flexible repayment options and no account keeping fees.
RACV Car Loans
From 6.99% (fixed)
7.52%
$15,000
1 to 7 years
$380
Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.
Matchacar Financing
From 4.4% (fixed)
5.3%
1 to 7 years
$350
Get a tailored financing solution for buying your next car.
MyState Secured Personal Loan
From 7.99% (variable)
8.96%
$10,000
1 to 10 years
$200
Apply for a loan up to $75,000 and use the funds for any purpose.
NRMA New Car Loan
From 6.99% (fixed)
7.54%
$15,000
1 to 7 years
$380
Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees. NRMA Members could save 1% on loan rates.
BOQ Car Loan
From 7.39% (fixed)
8.19%
$5,000
1 to 7 years
$195
Apply for a loan from $5,000 and choose between a fixed or variable rate. Get a $100 BP Fuel Card if your application is received by 30 July 2017.
bcu Car Loan
From 8.94% (variable)
9.85%
$4,000
1 to 5 years
$250
Borrow up to $75,000 for a car up to 7 years old. The Freedom Car Loan from bcu allows you to make extra repayments and access a redraw feature
Latitude Personal Loan (Secured)
From 12.99% (fixed)
14.2%
$3,000
2 to 7 years
$250 (Loans under $4000 - $140)
Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

Compare up to 4 providers

Features and benefits of ADCU car loans

  • No deposit required.If you are taking out the New Car Loan you are able to borrow up to 100% of the purchase price.
  • Low fees. Both car loans from ADCU offer no monthly or annual fees, helping you to save money over the life of your loan.
  • Competitive rate. You can take advantage of a competitive rate with both loan offerings.
  • Secure borrowing. You have the option of taking out Loan Repayment Insurance.
  • Flexible repayments. Both the New and Used Car Loan allow you to make early repayments without penalty and let you choose to make monthly, fortnightly or weekly repayments. Your repayments can also be automatically deducted from your nominated account.
  • Redraw facility. There is a redraw facility available, allowing you to take back any additional repayments you make should you need them.
  • Joint applications. You are able to apply for this car loan using a joint application.

What other products does ADCU offer?

There are various other financial products that are available from ADCU to benefit members. These include:

  • Loan products. These include car loans, personal loans and home and investment loans.
  • Credit cards. ADCU offers a Low Rate Visa Credit Card, a Visa Debit Card and a rediCARD.
  • Savings and transaction accounts. You can choose from transaction accounts, savings accounts including the Recruit Saver Account and the DIY Super Saver, and a term deposit account option.
  • Insurance products. ADCU insurance products include motor vehicle insurance, boat and caravan insurance, loan and mortgage protection, insurance products for your home and barracks, landlords’ insurance and travel insurance.

How to apply for an ADCU car loan

To apply for a car loan from Australian Defence Credit Union, follow the secure link on this page to fill out an online application form. As ADCU is a customer-owned banking association you will need to be a member before you apply and need to provide the following information when applying:

  • Personal details including your name, contact information and proof of ID.
  • Employment details including your employer’s name and contact information.
  • Details of your income and your pay frequency, plus a recent payslip or two years of financial statements if you are self-employed.
  • Information regarding your financial position including your mortgages, vehicles, credit cards, savings and investments, super and any other assets.

If you are looking for to finance a new or used car, you might want to consider the options available from Australian Defence Force Credit Union. Compare your options to see if ADCU has the loan you need.

Was this content helpful to you? No  Yes

Related Posts

CUA Secured Fixed Car Loan

A competitive car loan for new or used vehicles up to 7 years old that offers flexible repayment options and no account keeping fees.

Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

RACV Car Loans

Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.

NRMA New Car Loan

Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees. NRMA Members could save 1% on loan rates.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback