Loans for all types, makes and models.

5 .69 % p.a. Annual rate.
6 .48 %* p.a. Comparison rate.

Great competitive rate.

Choose your repayment frequency.

Quick approval process.

Fast online application.

Whether it’s your first car, a new car, motorcycle or a total change of the type of vehicle, there’s nothing quite like the feeling of being given the keys to your new set of wheels. Whatever your reason, our straight-forward car loan is here for whatever you need, for whatever’s ahead. Follow these steps and you’ll be handed a new set of keys in no time.

Key features.

  • Competitive, low interest rate.
  • No fees for extra repayments.
  • Quick approval process.
  • No fees for early payouts.
  • Choose a loan term from one to seven years.
  • Choose between weekly, fortnightly or monthly payments.
  • For new and used cars and motorcycles up to, and including, 5 years old.
Car loan. Annual rate. Comparison rate.*
Car loan interest rate. 5.69% p.a. 6.48% p.a.
Fees.  
Loan application fee.^ $150
Registration fee (security). $6
Processing fee (security). $50
Personal loan service fee (monthly). $10
Loan variation fee. $50
Arrears reminder notice fee (per letter). $20
Default notice (enforcement notice). $20

 

*

Comparison rate is based on a $30,000 loan over a 5 year term. Fees and charges are payable. Terms and conditions are available on request. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate applies to both secured and unsecured loans.

^

Not payable on New Car Loan and Used Car Loan products.

Fees and charges are payable. Terms & Conditions available on request.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate applies to both secured and unsecured loans.

Next steps?

Not a member? Join Defence Bank now.
See how our loan fits into your budget.
Any questions? Speak to our experienced, helpful staff.
Our secure application process is entirely online.

Frequently asked questions.

You can buy a new or used car or motorcycle up to, and including, 5 years old with a car loan. If you would like to purchase an older car, contact us as you may do so with a personal loan

The maximum loan amount is dependent on a number of factors, including a borrower’s ability to service (pay) the loan. Call us on 1800 033 139 to discuss your needs.

Congratulations, please contact us (up to a week) prior to paying off your loan to obtain the final payout figure. Once the funds are available in your account we’ll process the final payment for you.

You may also like...

Motor vehicle insurance.
Consolidation loan.
Max eSaver.
Credit card.

Let's talk.

Got a question or feedback? Get in touch at any time.
Jump into a Live Chat session to address your queries.
Visit a branch and discuss your finances face-to-face.
Need to talk to someone right away? Call us now.