Northern Inland Credit Union logo

Northern Inland Credit Union New Car Loan

Advertiser disclosure
The details shown below are for a variable loan between $5,000 and $100,000
The details shown below are for a fixed loan between $5,000 and $100,000
The details shown below are for a variable loan between $5,000 and $100,000
The details shown below are for a fixed loan between $5,000 and $100,000

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
  • Loan: $5,000 $100,000
  • Loan: $5,000 $100,000
  • Loan: $5,000 $100,000
  • Loan: $5,000 $100,000
Interest rate from
6.99% p.a.
Comparison rate from
7.55% p.a.based on $30,000
over 5 years
Upfront fee
$0.00
Interest rate from
6.99% p.a.
Comparison rate from
7.55% p.a.based on $30,000
over 5 years
Upfront fee
$0.00
Interest rate from
7.99% p.a.
Comparison rate from
8.83% p.a.based on $30,000
over 5 years
Upfront fee
$200.00
Interest rate from
7.69% p.a.
Comparison rate from
8.53% p.a.based on $30,000
over 5 years
Upfront fee
$200.00

Mozo editorial review Northern Inland Credit Union New Car Loan - last updated: 21 February 2024

binocular icon
What's hot
  • 7.6\99% variable rate (8.83% comparison rate*) for new and demo vehicles
  • $0 application fee
  • Extra repayments and redraw facility
What's not
  • Ongoing $8 monthly service fee
Mozo snapshot

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.

key icon
Key features

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.

snapshot
Who is it good for

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.

question icon
Any catches

Don't forget that this loan has a $8 monthly service fee you need to always budget for. 

Details

Rates and fees information correct as at 29 March 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

Variable

6.99% p.a.variable

7.55% p.a.based on $30,000
over 5 years

Fees

$0.00

$8.00

n/a

$0.00

$0.00

Other financial bits

$5,000.00

$100,000.00

1 Year

7 Years

Vehicle

Features

-

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.

Details

Rates and fees information correct as at 29 March 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

6.99% p.a. fixed

7.55% p.a.based on $30,000
over 5 years

Fees

$0.00

$8.00

n/a

$0.00

$0.00

Other financial bits

$5,000.00

$100,000.00

1 Year

5 Years

Vehicle

Features

-

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.

Details

Rates and fees information correct as at 29 March 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

Variable

7.99% p.a.variable

8.83% p.a.based on $30,000
over 5 years

Fees

$200.00

$8.00

n/a

$0.00

$0.00

Other financial bits

$5,000.00

$100,000.00

1 Year

7 Years

Vehicle

Features

-

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.

Details

Rates and fees information correct as at 29 March 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

7.69% p.a. fixed

8.53% p.a.based on $30,000
over 5 years

Fees

$200.00

$8.00

n/a

$0.00

$0.00

Other financial bits

$5,000.00

$100,000.00

1 Year

5 Years

Vehicle

Features

-

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.

Customer Reviews

How are Northern Inland Credit Union personal loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

About Northern Inland Credit Union

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

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 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 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

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 loans.com.au
loans.com.au

New Car Loan - Special

8.29% p.a.

9.40% 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 loans.com.au
loans.com.au

Clean Green Car Loan

7.29% p.a.

8.41% 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 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 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

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

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 NOW Finance
NOW Finance

Unsecured Personal Loan

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

6.75% p.a.

$0.00

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 OurMoneyMarket
OurMoneyMarket

Low Rate Personal Loan

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

7.19% 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

Thumbnail icon for OurMoneyMarket
OurMoneyMarket

Debt Consolidation

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

7.19% p.a.

$0.00

Compare other personal loans