Choose the version of this loan that suits you best
Loan type | Name | Min loan amount | Max loan amount | |
---|---|---|---|---|
|
Variable | New Car Loan (New or Demonstrator Vehicles, Variable) | $5,000 | $100,000 |
|
Fixed | New Car Loan (New or Demonstrator Vehicles, Fixed) | $5,000 | $100,000 |
|
Variable | New Car Loan (Vehicles up to 5 years old, Variable) | $5,000 | $100,000 |
|
Fixed | New Car Loan (Vehicles up to 5 years old, Fixed) | $5,000 | $100,000 |
After a loan for a brand new car? Northern Inland Credit Union’s New Car Loan could tick all your boxes! Not only does it come with a competitive 7.99% variable rate (8.83% comparison rate*) for new and demonstrator vehicles, there are a bunch of other perks too. These include a range of loan terms, no upfront fees as well as features like free extra repayments and a redraw facility.
If it’s a great rate, minimal fees and flexible features you’re after, look no further than the New Car Loan from Northern Inland Credit Union. This loan comes with rates starting at a competitive 7.99% variable rate (8.83% comparison rate*) for brand new and demonstrator vehicles. Customers can borrow anywhere from $5,000 to $100,000 with a loan term between 1 to 7 years.
There is no hefty application fee attached to this product. In fact, there are also no exit or early repayments charges either. Just bear in mind, Northern Inland Credit Union charges an $8 monthly service fee. While this may not seem like much, if you choose a 7-year loan term this cost could add up to $672 over the life of the loan.
What about the bonus features? This loan has them. Not only can borrowers choose between a weekly, fortnightly or monthly repayment schedule, there are also free extra repayments and redraws as well.
This loan is suited to anyone looking to buy a brand new car with a low rate car loan option. The addition of a range of loan terms and handy features like extra repayments and redraws makes it the perfect option for someone looking to pay down their loan at their own pace.
Don't forget that this loan has a $8 monthly service fee you need to always budget for.
Variable |
|
6.99% p.a.variable |
|
7.55% p.a.based on $30,000 |
$0.00 |
|
$8.00 |
|
n/a |
|
$0.00 |
|
$0.00 |
$5,000.00 |
|
$100,000.00 |
|
1 Year |
|
7 Years |
|
Vehicle |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
yes |
|
none |
|
none |
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.
Fixed |
|
6.99% p.a. fixed |
|
7.55% p.a.based on $30,000 |
$0.00 |
|
$8.00 |
|
n/a |
|
$0.00 |
|
$0.00 |
$5,000.00 |
|
$100,000.00 |
|
1 Year |
|
5 Years |
|
Vehicle |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
yes |
|
none |
|
none |
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.
Variable |
|
7.99% p.a.variable |
|
8.83% p.a.based on $30,000 |
$200.00 |
|
$8.00 |
|
n/a |
|
$0.00 |
|
$0.00 |
$5,000.00 |
|
$100,000.00 |
|
1 Year |
|
7 Years |
|
Vehicle |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
yes |
|
none |
|
none |
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.
Fixed |
|
7.69% p.a. fixed |
|
8.53% p.a.based on $30,000 |
$200.00 |
|
$8.00 |
|
n/a |
|
$0.00 |
|
$0.00 |
$5,000.00 |
|
$100,000.00 |
|
1 Year |
|
5 Years |
|
Vehicle |
- |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
yes |
|
none |
|
none |
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.
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
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
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
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
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
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
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
Clean Green Car Loan
7.69% p.a.
8.80% p.a.based on $30,000
over 5 years
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
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
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
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
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
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
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
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
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
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
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
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