MOVE Bank - New Car Loan - Fixed Rate
Secured | Fixed | Vehicle up to 3 years old
The New Car Loan - Fixed Rate from MOVE Bank has an advertised interest rate from 6.45% p.a. and a repayment term between 1 and 7 years. It also has a comparison interest rate from 6.72% p.a. The New Car Loan - Fixed Rate also has a Fixed rate, Secured loan and a borrowing range of between $10,000 and $150,000.
More details about the MOVE Bank New Car Loan - Fixed Rate can be found below or visit MOVE Bank to learn more or apply.
The loan type will be Secured with a comparison rate of 6.72% p.a. and an advertised rate of 6.45% p.a.
Advertised Rate
6.45% p.a. Fixed
Comparison Rate
6.72% p.a.
Loan Term
1 to 7 years
Borrowing Range
$10,000 to $150,000
Interest
Rate Type
Fixed
Advertised Rate
6.45% p.a.
Fixed
Comparison Rate
6.72% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Secured By
Car
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$10,000 to $150,000
Repayment
Weekly, Monthly, Fortnightly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$195
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
This product has been designed to suit the needs and objectives of consumers who:
- are seeking a loan to purchase or refinance a vehicle up to 3 years old (based on year model)
- are aged 18 years or more and meet the credit assessment criteria for the product
- are able and willing to offer security for the loan to potentially secure a lower interest rate
- want the security of a fixed interest rate and fixed repayments for the term of the loan
- want the flexibility to make extra repayments without penalty
Visit MOVE Bank to view Target Market Determination Effective From: 2023-09-01.
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