MOVE Bank New Car Loan Review - Rates, fees | Finder
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MOVE Bank New Car Loan

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Bria Horne
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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.

$195

Application Fee

From 4.89% (fixed)

Interest Rate (p.a.)

5.16%

Comparison Rate (p.a.)

$150,000

Max Loan Amount

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Details

Product NameMOVE Bank New Car Loan
Interest Rate (p.a.)From 4.89% (fixed)
Comparison Rate (p.a.)5.16%
Interest Rate TypeFixed
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 4.89% p.a. and a comparison rate of 5.16% 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 4.89% p.a. and competitive comparison rate of 5.16% 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.

Compare car loan providers

Data updated regularly
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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
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Plenti Car Loan
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.
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IMB New Car Loan
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.
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NRMA New Car Loan
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 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
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Credit Concierge Car Loan
Credit Concierge Car Loan
From 3.85% (fixed)
4.91%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

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Wisr Secured Car Loan
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 (Includes PPSR registration fee)
$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.

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NAB Personal Loan Unsecured Fixed
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
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
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OurMoneyMarket Car Loan
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.
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MoneyForJam Car Loan
MoneyForJam Car Loan
From 3.25% (fixed)
5.82%
$5,000
1 to 7 years
From $1 to $990
$25
You'll receive a fixed rate from 3.25% p.a. based on your risk profile
Borrow between $5,000 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers.
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CUA Secured Fixed Car Loan
CUA Secured Fixed Car Loan
6.79% (fixed)
7.16%
$5,000
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
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Latitude Personal Loan (Secured)
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
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Stratton Finance New Car Loan
Stratton Finance New Car Loan
From 4.05% (fixed)
5.63%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 4.05% p.a. depending on the lender you are approved with
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SocietyOne Car Loan
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 20.49% 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.
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RACV New Car Loans
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.
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People's Choice CU Discounted Personal Loan (Car Loan)
People's Choice CU Discounted Personal Loan (Car Loan)
From 4.65% (fixed)
4.99%
$20,000
1 to 10 years
$250
$0
Borrow over $20,000 and secure with a new or used car less than 2 years (manufacture year 2018).
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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.

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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.

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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.

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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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