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Police Credit Union Better Car Loan

Advertiser disclosure

The details shown below are for a fixed loan of at least $20,000

The details shown below are for a variable loan of at least $5,000

The details shown below are for a fixed loan of at least $5,000

Choose the version of this loan that suits you best

  • Loan: $20,000

  • Loan: $5,000

  • Loan: $5,000

Interest rate from
5.44% p.a.
Comparison rate from
5.71% p.a.based on $30,000
over 5 years
Upfront fee
$195
Interest rate from
6.99% p.a.
Comparison rate from
7.26% p.a.based on $30,000
over 5 years
Upfront fee
$195
Interest rate from
6.69% p.a.
Comparison rate from
6.96% p.a.based on $30,000
over 5 years
Upfront fee
$195

Mozo editorial review Police Credit Union Better Car Loan - last updated: 17 February 2022

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What's hot
  • Fixed rates from 5.44% p.a. (5.71% p.a. comparison rate*)
  • 2022 Mozo Experts Choice Award^ winner for Best Car Loan
  • Extra repayments and redraws allowed
What's not
  • $195 upfront fee
Mozo snapshot

The Police Credit Union Better Car Loan offers rates that start at a low 5.44% p.a. (5.71% p.a. comparison rate*), minimal fees and flexible repayment options. Customers can borrow anywhere from $20,000 with this loan and choose to pay it back over 1 to 5 years. Plus, Police Credit Union snagged a 2022 Mozo Experts Choice Award^ for Best Car Loan.

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Key features

If a flexible low-rate loan is what you need to purchase a new car, the Police Credit Union better Car Loan has a range of features that might suit your needs. 

Right now this loan has a special low-rate offer, with fixed rates starting at 5.44% p.a. (5.71% p.a. comparison rate*). And there are also minimal fees attached to this product - with no ongoing service, exit or early repayment costs to worry about. 

Police Credit Union also offers a range of loan terms from 1 to 5 years and the choice of a weekly, fortnightly or monthly repayment plan. And if the option of extra repayments is what you need, customers can make additional contributions whenever they like as well as use the redraw facility if they wish to. 

snapshot
Who is it good for

Despite the Police Credit Union originally only being available to those who work or worked in the Australian Police Force, it now offers products that are available to all Australian residents. So this Better Car Loan could be a good option for anyone looking for a low rate fixed car loan.

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Any catches

While there are no service, exit or early repayment fees, just remember to consider the upfront $195 in your budget.

Details

Rates and fees information correct as at 17 May 2022. 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

5.44% p.a. fixed

5.71% p.a.based on $30,000
over 5 years

Fees

$195.00

$0.00

$15.00

$0.00

$0.00

Other financial bits

$20,000.00

none

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 17 May 2022. 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

7.26% p.a.based on $30,000
over 5 years

Fees

$195.00

$0.00

$15.00

$0.00

$0.00

Other financial bits

$5,000.00

none

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 17 May 2022. 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

6.69% p.a. fixed

6.96% p.a.based on $30,000
over 5 years

Fees

$195.00

$0.00

$15.00

$0.00

$0.00

Other financial bits

$5,000.00

none

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.

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About Police Credit Union