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If you're looking for a way to finance a new vehicle purchase, you might want to consider this fixed rate option from Sydney Mutual Bank. You'll keep your ongoing costs down with no account-keeping fees and a competitive fixed rate, plus you can finance a new car purchase up to $80,000. Sydney Mutual Bank is a credit union that directs all profits back into making their products and services better and more affordable, and this includes their New Car Loan (Fixed). Find out more of the benefits and submit your application below.
$150
Application Fee
From 6.45% (variable)
Interest Rate (p.a.)
6.66%
Comparison Rate (p.a.)
$80,000
Max Loan Amount
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Product Name | Sydney Mutual Bank Variable New Car Loan |
---|---|
Interest Rate (p.a.) | From 6.45% (variable) |
Comparison Rate (p.a.) | 6.66% |
Interest Rate Type | Variable |
Min Loan Amount | $10,000 |
Max Loan Amount | $80,000 |
This loan is designed for the financing of new vehicles – as is implied by the name – but you can finance new vehicles up to two years old. You won't pay anything to apply for this loan and you're able to finance 100% of the purchase price of the vehicle, which can be a maximum of $80,000. You'll have up to 7 years to repay your loan and be repaying it at a competitive rate of 6.45% p.a.. There's also a redraw facility available, giving you the flexibility you need with your additional repayments.
This is a low-cost loan, but it still helps to see a breakdown for the fees and charges that apply. Here's what you need to know:
If you're ready to apply for this loan, just click 'Go to Site' to get your application started. You can also apply by calling Sydney Mutual Bank directly. Make sure you meet the following eligibility criteria before doing so:
You'll also need some details on hand to fill out your application:
Remember to always compare car loan options thoroughly before submitting an application in order to find the best possible financial solution for your circumstances.