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MOVE Bank New Car Loan

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.

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Bria Horne
Last Updated

$195

Application Fee

From 4.59% (fixed)

Interest Rate (p.a.)

4.86%

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 4.59% (fixed)
Comparison Rate (p.a.)4.86%
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 4.59% p.a. and a comparison rate of 4.86% 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 4.59% p.a. and competitive comparison rate of 4.86% 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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3.99% (fixed)
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Plenti Car Loan
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Credit Concierge Car Loan
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Wisr Secured Car Loan
Wisr Secured Car Loan
From 4.74% (fixed)
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You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
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⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
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OurMoneyMarket Car Loan
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IMB New Car Loan
IMB New Car Loan
4.88% (fixed)
5.23%
$2,000
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$275.12 ($250 Application fee + $25.12 PPSR fee)
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NRMA New Car Loan
NRMA New Car Loan
From 4.99% (fixed)
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NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
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$5,000
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$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.
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Symple Loans Personal Loan
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6.47%
$5,000
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from 0% to 5% of the loan amount
$10
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SocietyOne Car Loan
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From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
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Alex Bank Car Loan
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From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
Waived $295 establishment fee
$0
You'll receive a fixed rate between 4.99% p.a. and 19.99% p.a.
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NRMA Used Car Loan
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From 6.24% (fixed)
6.94%
$5,000
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$499
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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 4.88% 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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