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Sydney Mutual Bank Special Variable Rate Car Loan

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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.


Application Fee

6.45% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Max Loan Amount

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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$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


Car Loan Offers

Important Information*
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IMB New Car Loan

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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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Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.89% 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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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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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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