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.
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 $250 application fee upfront.
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.
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.
Variable
4.99% p.a.variable
5.35% p.a.based on $30,000
over 5 years
$250.00
$0.00
n/a
n/a
0
$15,000.00
none
0 Years
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.
Orange is a credit union that offers financial products and services to people in the Orange area. Orange offers a comprehensive range of financial products including: home, car and personal loans, savings accounts, term deposits, debit cards, credit cards and car insurance. Orange prides itself on putting its members first when it comes to finding financial solutions.
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9.39% p.a.
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7.95% p.a.to 19.45% p.a.
8.22% p.a.to 19.76% p.a.based on $30,000
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New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.to 9.46% p.a.based on $30,000
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5.50% p.a.
5.85% p.a.based on $30,000
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6.95% p.a.to 17.95% p.a.
6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.49% p.a.to 8.99% p.a.
6.84% p.a.to 9.34% p.a.based on $30,000
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6.95% p.a.to 19.99% p.a.
6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 9.49% p.a.
6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years
Liberty
Personal Loan
6.45% p.a.to 26.99% p.a.
6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years
CUA
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
Symple Loans
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5.75% p.a.to 21.99% p.a.
6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years
