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Summary

Purchase a car up to 3 years old and get a competitive variable rate.

If you're in the market for a new car or one up to three years old, you may want to consider this variable rate car loan from Sydney Mutual Bank. You can apply for a loan up to $80,000 and have up to 7 years to repay. Find out if this loan is right for you in this review.

Details

Product details

Product Name	Sydney Mutual Bank Variable Car Loan
Interest Rate (p.a.)	6.45%
Comp. Rate (p.a.)	6.66%
Interest Rate Type	Variable
Min Loan Amount	$10,000
Max Loan Amount	$80,000

Main points to consider with this loan

You can finance 100% of the purchase price of a vehicle up to three years old with this loan (maximum $80,000). The interest rate on this car loan is variable and is a competitive 6.45% p.a. with a 6.66% p.a. comparison rate.

Features of the Sydney Mutual Bank Special Variable Rate Car Loan

You can benefit from the following features:

Loan amount. You can borrow 100% of the purchase price of the car, which can be between $10,000 and $80,000.
Competitive variable rate. A variable interest rate of 6.45% p.a. applies to this loan.
Loan term. You will have up to 7 years to repay what you borrow.
Redraw facility. You can redraw additional repayments that you make.

How you can apply

You can start your application easily by clicking "Go to Site". Make sure you meet the following eligibility criteria before you apply:

Be an Australian citizen or permanent resident
Be over the age of 18
Have a regular permanent income

You will need these details on hand to complete your online application:

Employment, income and living expenses
Assets and debts
Your driver's licence information or passport details if you are not a current SCU customer

Compare car loan providers

1 - 12 of 12

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit ExclusiveFixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 6.57% to 21.78%	Application Fee $0	Monthly Fee $0	Monthly Repayment $613.62	Go to site More Info Compare	Finder Exclusive: Apply by December 15th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan 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 site More Info Compare
loans.com.au - New - Fixed Rate Special Fixed3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.09%	Comp. Rate (p.a.) 8.21%	Application Fee $400	Monthly Fee $8	Monthly Repayment $638.73	Go to site More Info Compare	You'll receive a fixed rate of 7.09% p.a. based on your risk profile Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
CarMoney New Car Loan ExclusiveFixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.89% to 15.09%	Comp. Rate (p.a.) 8% to 16.16%	Application Fee $400	Monthly Fee $8	Monthly Repayment $636.87	Go to site More Info Compare	Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
NRMA New Car Loan 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	Go to site More Info Compare	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 5.49% p.a. and comparison rates from 6.19% p.a.)
RACV New Car Loans 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 site More Info Compare	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.
loans.com.au - New - Variable Rate Special Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 7.36%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to site More Info Compare
CarMoney Used Car Loan Fixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.2% to 15.75%	Comp. Rate (p.a.) 6.71% to 16.18%	Application Fee $399	Monthly Fee $0	Monthly Repayment $622.43	Go to site More Info Compare
RACV Used Car Loans 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	Go to site More Info Compare	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.
NRMA Used Car Loan 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 site More Info Compare	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.
Stratton Finance New Car Loan 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 site More Info Compare	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.
Stratton Finance Used Car Loan 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 site More Info Compare	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.

Showing 12 of 12 results

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