Sydney Mutual Bank Special Variable Rate Car Loan
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 $100,000 and have up to 7 years to repay. Find out if this loan is right for you in this review.
Interest Rate (p.a.)
Comparison Rate (p.a.)
Max Loan Amount
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 $100,000). 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 $100,000.
- 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
Car Loan OffersImportant Information*
You'll receive a fixed rate of 5.45% 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.
You'll receive a fixed rate of 5.29% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
You'll receive a fixed rate from 5.69% 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.
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.