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MOVE Bank New Car Loan

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MOVE Bank New Car Loan

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Application Fee
$195
Interest Rate (p.a.)
From 6.45% (fixed)
Comparison Rate (p.a.)
6.72%
Max Loan Amount
$150,000

Summary

Thinking of upgrading to a younger model? MOVE Bank is offering a competitive car loan at a fixed rate on any vehicle up to 3 years old.

MOVE Bank's New Car Loan offers a competitive fixed interest rate with no monthly fees, so you can rest easy knowing your repayments won't increase.

Pros

  • Low rate
  • Flexible payment options
  • Redraw facility
  • No ongoing fees

Cons

  • $195 establishment fee
  • Late fees may be charged
  • Minimum loan amount of $10,000

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name MOVE Bank New Car Loan
Interest Rate (p.a.) 6.45%
Comp. Rate (p.a.) 6.72%
Interest Rate Type Fixed
Min Loan Amount $10,000
Max Loan Amount $150,000

Main points to consider with the MOVE Bank New Car Loan

MOVE Bank's New Car Loan is available on any car up to three years old.

With an interest rate of 6.45% p.a. and a comparison rate of 6.72% p.a., this loan sits well into the lower end of the market, though there is a moderately high establishment fee of $195.

Features of the MOVE Bank New Car Loan

  • Competitive rate. This loan comes with a fixed low interest rate of 6.45% p.a. and competitive comparison rate of 6.72% p.a.
  • Free car buying service. If you're looking to trade in your old vehicle, MOVE Bank will put you in touch with a broker, free of charge.
  • Not available for private sales. This loan is only for new cars of 3 years old or less.
  • $10,000-$150,000 available. This loan has a minimum borrowing amount of $10,000 and a maximum of $150,000.
  • Loan term of up to 7 years. You can pay your loan back in 7 years or less.
  • Free redraw facility. Have access to funds from your repayments, free of charge.
  • Pre-approval. You can be approved for this loan in advance.

Fees and charges

  • Single up-front fee. Pay an establishment fee of $195
  • No monthly fees. There are no monthly fees with this loan.
  • No extra payment penalty fees. Pay off your loan sooner and save money over the life of the loan.
  • No transaction fees on your MOVE Bank savings and transaction accounts. If you're already a MOVE Bank customer, pay no transaction fees on your savings and transaction accounts.

How to apply for the MOVE Bank New Car Loan

To apply for this loan, click "Go to Site" and get started on the online application process. Before applying, make sure that you meet the following criteria:

  • Be at least 18 years old
  • Be an Australian citizen or permanent resident
  • Have a good to excellent credit rating
  • Have a regular wage or income
  • Be able to afford the repayments

Documents you will need to apply for this loan:

  • Proof of ID
  • Proof of address
  • Details of any assets owned
  • Details of any outstanding loans
  • Details regarding your income and living expenses

MOVE Bank offers a competitive car loan, but be sure to weigh up all of the loan features carefully before submitting an application.

Compare this loan to other car loans or similar low interest car loans and equip yourself to make the best decision possible for your circumstances.

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1 - 13 of 108
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
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Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
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OurMoneyMarket New Car Loan
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Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
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Monthly Fee
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Monthly Repayment
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Stratton Finance New Car Loan
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Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
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You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA New Car Loan
NRMA logo
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
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Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
Credit Concierge New Car Loan
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Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
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RACV New Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% 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.
Simplify New Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
Credit Concierge Used Car Loan
Credit Concierge logo
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
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OurMoneyMarket Used Car Loan - No Vehicle Age Limit
OurMoneyMarket logo
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Stratton Finance Used Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
Simplify Used Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
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NRMA Used Car Loan
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Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% 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.
RACV Used Car Loans
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Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
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You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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