Orange Credit Union logo

Orange Credit Union New Car Loan

Advertiser disclosure
Interest rate from
4.99% p.a.
Comparison rate from
5.35% p.a.based on $30,000
over 5 years
Upfront fee
$265

Mozo editorial review Orange Credit Union New Car Loan - last updated: 1 December 2020

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What's hot
  • 2021 Mozo Experts Choice Award winner
  • 4.99% variable rate (5.35% comparison rate*)
  • Free extra repayments and redraws
What's not
  • $265 application fee
Mozo snapshot

If you are after a new set of wheels but are looking for a variable rate loan to get you there, it’s worth considering the award-winning Orange Credit Union New Car Loan. Not only does this loan come with a competitive 4.99% variable rate (5.35% comparison rate*), there are also no service, late, exit or early repayment charges. Plus, you can make free extra repayments and redraws. 

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Key features

Need a low rate, minimal fees and flexible repayment options? Say hello to Orange Credit Union’s New Car Loan. In fact, Mozo judges love this loan so much, they awarded it best Car Loan as part of the 2021 Mozo Experts Choice Awards.

It comes with a low 4.99% variable rate (5.35% comparison rate*) and customers can borrow anywhere from $15,000 for a new vehicle. There are a bunch of loan terms to choose from, up to 7 years, and a range of repayment options: weekly, fortnightly or monthly. And while we are on the topic of repayments, it’s all about flexibility. With this loan you can make free extra repayments and access a redraw facility if you want to.  

Let’s talk fees. Well, there is also no service, late, exit or early repayment fee to worry about on this loan. Just keep in mind there is a $265 application fee upfront.

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Who is it good for

This loan is a great option for someone looking to buy a new car and want the flexibility to make additional contributions to their loan when they like.

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Any catches

Remember, this loan is secured so the car you intend to buy will be put up as collateral. It’s always a good idea to stay on top of your repayments so you don’t default on your loan and forfeit your new set of wheels.

Details

Rates and fees information correct as at 17 September 2021. 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

4.99% p.a.variable

5.35% p.a.based on $30,000
over 5 years

Fees

$265.00

$0.00

n/a

$200.00

0

Other financial bits

$15,000.00

none

0 Years

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.

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About Orange Credit Union