Australian Military Bank Car Loan - Excellent Credit (Variable)
5.71% p.a.to 8.66% p.a.
6.57% p.a.to 10.07% p.a.based on $30,000
over 5 years
$100
Australian Military Bank Car Loan - Excellent Credit (Variable)
5.71% p.a.to 8.66% p.a.
6.57% p.a.to 10.07% p.a.based on $30,000
over 5 years
$100
Australian Military Bank Car Loan - Excellent Credit (Variable)
5.71% p.a.to 8.66% p.a.
6.57% p.a.to 10.07% p.a.based on $30,000
over 5 years
$100
Mozo Review Australian Military Bank Car Loan - Excellent Credit (Variable) Review
Last updated: 13 September 2019.
What's hot:
Interest rate from 5.71% (6.57% comparison rate*)
Flexible repayment schedule
Free extra repayments and redraw facility
What's not:
$10 monthly service fee
Mozo snapshot:
For Aussies connected to the Australian Defence Force, the Australian Military Bank Car Loan is definitely worth checking out. It comes with a variable interest rate starting as low as 5.71% (6.57% comparison rate*). Plus you can take advantage of features like free extra repayments and a redraw facility. But remember to budget for the application fee that can be from $100 up to $500.
Key features:
First things first, you’re probably going to want to know about the interest rate on offer. The Australian Military Bank Car Loan comes with a great variable interest rate from as low as 5.71% (6.57% comparison rate*) for borrowers with excellent credit.
If you want to make extra repayments to pay off your car loan early and help save on interest then you’ll be able to without being slapped with an early repayment fee. And if you need some of those extra funds back for whatever reason, that’s all good because the Australian Military Bank Car Loan lets you redraw at no extra cost.
Fitting your repayments in to your regular budget is really important, which is why Australian Military Bank Car Loan lets you choose between weekly, fortnightly or monthly repayment terms with loan terms ranging from anywhere between 1 and 7 years.
Australian Military Bank Car Loan allows you to borrow anywhere from $1,000 - $80,000, which allows you to get the car you need, whether it’s a 2nd hand Corolla or a new Mercedes.
Who it's good for:
This loan is available to anyone who is in the Australian Defence force, a defence contractor, a civilian employee or family to someone who is any of these. Thanks to the variable rate, which is determined according to your credit history, this loan particularly benefits people who have good credit scores.
Any catches?
There’s a variable $100 - $500 application fee to look out for. Plus the $10 monthly service fee, which might not seem high, but can certainly add up over time, especially if you are paying your loan back over many years.
Details
Rates and fees information correct as at 12 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
Variable
-
5.71% p.a.variable
-
6.57% p.a.to 10.07% p.a.based on $30,000
over 5 years
Fees
-
$100.00
-
$10.00
-
$20.00
-
$0.00
-
$0.00
Other financial bits
-
$1,000.00
-
$80,000.00
-
1 Year
-
7 Years
-
Vehicle
Features
-
Weekly, Fortnightly, Monthly
-
yes
-
yes
-
Application fee varies from $100 to $500 depending on credit score.
-
none
Customer Reviews
How are Australian Military Bank personal loans rated by the Mozo community?
Latest review of Australian Military Bank Car Loan - Excellent Credit (Variable)
- Overall9/10
Customer friendly and orientated.
ADCU is a bank that listens to it's customers.
Read full review
ADCU is a bank that listens to it's customers.
Price9/10Features9/10Customer service10/10Convenience8/10Trust10/10Less
Jacqui | Queensland
reviewed almost 5 years ago
About Australian Military Bank
Australian Military Bank (previously known as ADCU) offers financial products to members of the Australian Defence Force, civilian employees, defence contractors and their families. As well as offering services to people associated with the defence force, the provider welcomes other individuals. Australian Military Bank offers a comprehensive range of saving and investment accounts, loans, insurance and financial advice especially designed for its members.
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