MOVE Bank logo

MOVE Bank New Car Loan

Advertiser disclosure
Interest rate from
6.45% p.a.
Comparison rate from
6.72% p.a.based on $30,000
over 5 years
Upfront fee
$195.00

Mozo editorial review MOVE Bank New Car Loan - last updated: 29 May 2024

binocular icon
What's hot
  • Fixed rates from 6.45% p.a. (6.72% p.a. comparison rate*)
  • $0 ongoing service fee
What's not
  • $195 application fee
Mozo snapshot

If you’re keen to hit the road in a new car, then check out the MOVE Bank New Car Loan, which comes with a competitive fixed interest rate plus features including free extra repayments and a redraw facility.


key icon
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 6.45% p.a. (6.72% p.a. 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 $150,000 across terms between 1 and 7 years. You can also choose weekly, fortnightly or monthly repayments to suit your budget.

Move Bank has also introduced a new Car Loan Rate Lock feature which means you can pay $149 and secure a rate for a period of up to 90 calendar days from the day the fee has been received by Move Bank. This rate will then remain secured even if there is a change in the secured fixed rate before your fixed rate loan is funded. 

snapshot
Who is it 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.

question icon
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 13 July 2024. 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

6.45% p.a. fixed

6.72% 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

Car Loan rate lock fee of $149 secures a fixed rate for a period of up to 90 calender days. Loan purpose may be for a car or motorcycle.

WARNING: 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. 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
7.5/10
Price
6.3/10
Features
6.0/10
Customer service
6.3/10
Convenience
6.7/10
Trust
6.7/10
Based on 3 MOVE Bank personal loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About MOVE Bank

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Holiday Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Jacaranda Finance
Jacaranda Finance

Express Personal Loan

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Debt Consolidation

6.57% p.a.to 18.99% p.a.

7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for loans.com.au
loans.com.au

New Car Loan - Special

8.39% p.a.

9.50% p.a.based on $30,000
over 5 years

Thumbnail icon for Jacaranda Finance
Jacaranda Finance

Express Personal Loan

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Holiday Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Jacaranda Finance
Jacaranda Finance

Express Personal Loan

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

9.14% p.a.to 11.19% p.a.

9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance
NOW Finance

Unsecured Personal Loan

6.75% p.a.to 26.95% p.a.

6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Holiday Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

6.57% p.a.to 8.48% p.a.

7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney
Harmoney

Unsecured Personal Loan

5.76% p.a.to 24.03% p.a.

6.55% p.a.

$0.00

Thumbnail icon for Harmoney
Harmoney

Debt Consolidation

5.76% p.a.to 24.03% p.a.

6.57% p.a.

$0.00

Compare other personal loans