Compare Australian Military Bank Car Loans Interest Rates - BestFind

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Term of car loan

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Type of vehicle loan

Car finance provider

Australian Military Bank Car Loans

Australian Military Bank
5.71%
6.57%
$306.24

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Car loan

Our Car and Personal Loans offer you tailored rates based on your credit history. We offer a range of benefits and features like the ability to make extra repayments or pay off your loan early without penalty and the option to make loan repayments straight from your salary.

Overview

Minimum loan amount$1,000

Maximum loan amount$80,000

Minimum term1 years

Maximum term7 years

Advertised rate5.71%

Comparison rate6.44%

Monthly repayments (approx)$306

Total repayments (approx)$11,024

Total interest repayments (approx)$1,024

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$100

Other Fees & Information

Monthly fee$10.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$30

For used vehiclesYes

SponsoredNo

Telephone1300 13 23 28

Data accurate as of13.09.2017

Comparison warning Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate.

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Used car loan

looking to buy a pre-loved car, motorbike or boat that’s between 1 and 5 years old, our Used Car Loan gives you a competitive interest rate and a range of great features.

Overview

Minimum loan amount$1,000

Maximum loan amount$70,000

Minimum term1 years

Maximum term7 years

Advertised rate8.66%

Comparison rate9.41%

Monthly repayments (approx)$319

Total repayments (approx)$11,516

Total interest repayments (approx)$1,516

Rate typeFixed

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$100

Other Fees & Information

Monthly fee$10.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$30

For used vehiclesYes

SponsoredNo

Telephone1300 13 23 28

Data accurate as of13.09.2017

Comparison warning Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate.

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Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review Australian Military Bank car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing Australian Military Bank car loans, there are other key facts to consider and understand, other than just Australian Military Bank’s interest rates.

What car loan options are available?

Australian Military Bank has 2 car loan products:

  • Australian Military Bank Car loan
  • Australian Military Bank Used Car loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Australian Military Bank personal loansAustralian Military Bank home loan and Australian Military Bank credit cards.

Do you have an Australian Military Bank car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Australian Military Bank directly.

How to apply for an Australian Military Bank car loan?

If you’d like to apply online for an Australian Military Bank car loan, just scroll up and click on “Learn more” to be taken to Australian Military Bank’s secure online application form. Before you apply, be sure to learn about Australian Military Bank’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

Australian Military Bank’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the Australian Military Bank’s lending criteria. Below is high-level overview of Australian Military Bank’s criteria:

Australian Military Bank’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $1,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the Australian Military Bank branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Australian Military Bank car loan

There are many additional factors Australian Military Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use an Australian Military Bank car loan for?

Examples of common loan purposes Australian Military Bank will lend for:

Additional Australian Military Bank car loan information

Australian Military Bank’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $1,000 and $80,000, over terms between 0 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Australian Military Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Australian Military Bank allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

Australian Military Bank’s Car Loan and Used Car Loan require an asset (typically, the vehicle) as security.