Sydney Mutual Bank Special Variable Rate Car Loan

Last updated:  

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.

$150

Application Fee

6.45% (variable)

Interest Rate (p.a.)

6.66%

Comparison Rate (p.a.)

$100,000

Max Loan Amount

Details

Product NameSydney Mutual Bank Variable Car Loan
Interest Rate (p.a.)6.45% (variable)
Comparison Rate (p.a.)6.66%
Interest Rate TypeVariable
Min Loan Amount$10,000
Max Loan Amount$100,000

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 $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 Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 5.49% 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.

Logo for Latitude New and Used Car Loan
Latitude New and Used Car Loan

You'll receive a fixed rate of 6.99% p.a.
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

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 5.49% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

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. Note: Product only available to residents of Victoria.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site