MOVE Bank New Car Loan

Mozo snapshot:

If you’re keen to hit the road with a new car, then check out the 2019 Mozo Experts Choice Award winning MOVE Bank New Car Loan. This loan comes with a competitive fixed interest rate, plus features including free extra repayments and a redraw facility. There is an upfront application fee to budget for, so keep that in mind.

Key features:

If you’re in the market for a shiny new set of wheels, then the MOVE Bank New Car Loan might be just the thing to get you there.

This fixed rate loan comes with an interest rate as low as 4.89% (5.16% comparison rate*) and no ongoing service fee to worry about. Although, keep in mind there is a $195 upfront application fee you’ll need to pay.

In terms of features, you’ll have the option to make fee-free extra repayments, plus use a redraw facility. MOVE Bank also offers a free car buying service to help you find your new car and borrowers pay no fees on their MOVE Bank transaction and savings accounts.

Loan are available for amounts from $10,000 up to $100,000 across terms between 1 and 7 years. You can also choose weekly, fortnightly or monthly repayments to suit your budget.

Finally, the MOVE Bank New Car Loan took out a Mozo Experts Choice Car Loan Award this year, so it’s got our experts seal of approval.

Who it's good for:

If you’re buying a car that’s three years old or less and you’re looking for a fixed rate option so that you always know what your repayment will be, the MOVE Bank New Car Loan might just be the perfect pick.