MOVE Bank New Car Loan

5.39% p.a.

5.66% p.a.based on $30,000
over 5 years

$195

MOVE Bank New Car Loan

5.39% p.a.

5.66% p.a.based on $30,000
over 5 years

$195

Mozo Review   MOVE Bank New Car Loan Review

Last updated: 18 January 2019.

What's hot:
  • Fixed rates from 5.39% (5.66% comparison rate*)

  • $0 ongoing service fee

  • Mozo Experts Choice Car Loan Award winner 2018

What's not:
  • $195 application fee

Mozo snapshot:

If you’re keen to hit the road with a new car, then check out the 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 5.39% (5.66% 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.

Any catches?

Keep in mind the upfront application fee, plus, remember that this loan is suited to buying a new car right out of the sale yard - it’s not available for private car sales.

Details

Rates and fees information correct as at 23 August 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
  • Fixed

  • 5.39% p.a. fixed

  • 5.66% p.a.based on $30,000
    over 5 years

Fees
  • $195.00

  • $0.00

  • $15.00

  • $0.00

  • $0.00

Other financial bits
  • $10,000.00

  • $150,000.00

  • 1 Year

  • 7 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Customer Reviews

How are MOVE Bank personal loans rated by the Mozo community?

Overall customer rating
6.3/10
Price
6.3/10
Features
6.0/10
Customer service
6.3/10
Convenience
6.7/10
Trust
6.7/10

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