New Car Loan - Sydney Mutual Bank

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Looking to purchase a second car, or planning to upgrade your current one? We will help you get behind the wheel sooner.¹

6.45% pa²
Variable Interest Rate

6.66% pa³
Comparison Rate

For cars up to 3 years old
Borrow up to 100% of the purchase price
Lump sum or variable repayments
Redraw facility
Complimentary Auto Search service

Apply Enquire

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Key features
Calculator

New Car Loan
Interest Rates
Variable interest rate	6.45% pa²
Comparison rate	6.66% pa³
Fees
Establishment fee	$150
Annual fee	$0
Monthly fee	$0
Redraw fee	$0
Features
Minimum amount	$10,000
Maximum amount	$80,000 ⁴
Maximum term (years)	7
Redraw facility	Yes ⁵
Additional repayments accepted	Yes

¹ All applications are subject to Sydney Mutual Bank's normal lending criteria. Fees and charges, terms and conditions apply.

² Based on a secured variable rate loan. New loans only - no payout of existing loans.

³ Comparison rate based on a $30,000 loan over 5 years secured. Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

⁴ Up to 100% of the purchase price of the vehicle or $80,000.

⁵ You must be at least one month's repayment in advance to obtain a redraw.