New Car Loan - Sydney Mutual Bank

Home / Blog / Begin again in 2021

Attention: open in a new window.

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

You might also be interested in

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.