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Mini meca 2022

Southern Cross Credit Union New Vehicle Loan

Advertiser disclosure
Interest rate from
4.39% p.a.
Comparison rate from
5.32% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review Southern Cross Credit Union New Vehicle Loan - last updated: 1 July 2022

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What's hot
  • 4.39% p.a. fixed rate (5.32% p.a. comparison rate*)
  • 2022 Mozo Experts Choice Award^ winner for Best Car Loan
  • Extra repayments and redraws allowed
What's not
  • $250 upfront fee
Mozo snapshot

Want to drive away in a brand new car but need some lending to get there? The award-winning New Vehicle Loan from Southern Cross Credit Union might be worth considering. In fact, this product offers a low fixed interest rate, a range of loan amounts, flexible repayment options and no exit or early repayment fees. Plus, it snagged a 2022 Mozo Experts Choice Award^ for Best Car Loan.

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Key features

If a low fixed rate car loan is what you desire, you may want to take a look at the Southern Cross Credit Union New Vehicle Loan. Offering a competitive fixed rate of 4.39% p.a. (5.32% p.a. comparison rate*) this loan has one of the hottest fixed new car loan rates on the Mozo database. 

But that’s not the only thing this loan has going for it. Loan amounts range from $5,000 to $150,000 and there are plenty of options when it comes to paying down your debt. Customers have the choice of a 3 to 5 year loan term and can make regular repayments on either a weekly, fortnightly or monthly basis. On top of that, there’s also the flexibility to make extra repayments and redraws - meaning borrowers can pay off their loan early if they want to. 

And on the topic of paying off your debt ahead of time, there are no exit or early repayment fees attached to this loan. It’s no wonder our expert judges crowned this loan Best Car Loan as part of the 2022 Mozo Experts Choice Awards^.  

Who is it good for

Southern Cross Credit Union’s New Vehicle Loan could be the right choice for a customer looking for a low-rate loan to help fund a fresh set of wheels. Plus, if flexibility is what you are after when making repayments, this product offers exactly that. 

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Any catches

Bear in mind there are a few fees to look out for, such as the upfront $250 application fee and the $8 monthly service fee (which can really add up over time).


Rates and fees information correct as at 2 July 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.


4.39% p.a. fixed

5.32% p.a.based on $30,000
over 5 years







Other financial bits



3 Years

7 Years



Weekly, Fortnightly, Monthly





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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