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ME Bank Car Loans

ME Bank car loans come with many handy features, such as a low rate. But the bottom line is they can get you that ride you have your eye on. If you want to drive sooner, compare options, calculate repayments and apply online below.

Calculate repayments

Finances falling short of your goals? Get what you need, now, with a ME low interest personal loan.

Overview

Application / establishment fees$250

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)10.98%

Car loan comparison rate11.35%

Monthly repayments (approx)$651

Total repayments (approx)$39,118

Total interest repayments (approx)$9,118

Rate typeFixed

Secured or unsecuredUnsecured

GO TO ME Bank

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$25

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 15 63

Data accurate as of02.04.2017

GO TO ME Bank

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Pay ZERO fees^ on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $15,000-$100,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score. ^Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan.

Overview

Application / establishment fees$0

Minimum loan amount$15,000

Maximum loan amount$100,000

Minimum term1.5 years

Maximum term7 Years

Car loan interest rates (base)4.45%

Car loan comparison rate4.45%

Monthly repayments (approx)$558

Total repayments (approx)$33,516

Total interest repayments (approx)$3,516

Rate typeFixed

Secured or unsecuredYes

GO TO Now Finance

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Exit / early repayment feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 275 669

Data accurate as of21/02/2021

GO TO Now Finance

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)4.99%

Car loan comparison rate5.69%

Monthly repayments (approx)$566

Total repayments (approx)$33,960

Total interest repayments (approx)$3,960

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

Overview

Application / establishment fees$250

Minimum loan amount$2,001

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.35%

Car loan comparison rate5.65%

Monthly repayments (approx)$570

Total repayments (approx)$34,257

Total interest repayments (approx)$4,257

Rate typeFixed

Secured or unsecuredSecured

GO TO OurMoneyMarket

Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$27

For used vehiclesYes

SponsoredYes

Telephone1300 990 115

Data accurate as of30/04/2021

GO TO OurMoneyMarket

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.24%

Car loan comparison rate6.94%

Monthly repayments (approx)$583

Total repayments (approx)$35,000

Total interest repayments (approx)$5,000

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

ME Bank car loans – Apply quickly and drive sooner

Members Equity or ME says it’s a bank established and run by industry super funds. It provides a wide range of products, such as home loans, credit cards, term deposits, and personal loans. While ME Bank personal loans can be used for debt consolidation and home renovations, car buyers can also tap into this product. If you’re due for an upgrade, this article gives you the rundown on financing a new set of wheels via a ME Bank car loan.

ME Bank car loans in a nutshell

ME car loans are unsecured loans, so you won’t have to provide collateral to guarantee the funds. The amount you borrow must be more than $5,250 – this includes a one-time establishment fee of $250.

Loan amounts go up to $50,000 with an interest rate of 10.89%. You can pay off your debt over a maximum period of 7 years.

  • What’s good? – You can make extra repayments with no penalties. Additionally, there are no ongoing monthly fees.
  • What’s bad? – You can’t use a ME personal loan for business purposes or to cover property purchases and tax costs. Plus, there’s no redraw facility.
  • Who’s this for? – Car buyers that want to finance a new or used car without offering security.

How do ME Bank car loans work?

ME Bank car loans come with the following key features:

  • ME Bank car loans are unsecured. That means you won’t need to offer collateral, so there’s no risk of losing your property.
  • A fixed rate translates to fixed repayments, so you’ll always know the amount due for each instalment.
  • You can make extra repayments without penalty. Before you decide to apply, you can also figure out which repayment plan is best for you by playing around with our ME Bank car loan calculator.
  • It’s possible to pay off your debt early without penalty. That way, you can save on interest, which tends to pile up in the long run.
  • Repayments can be made weekly, fortnightly, or monthly, depending on what suits your pay cycle. To make life easier, you can set up automatic payments via direct debit.

Rates, fees, and charges

The interest rate is 10.98%. Additionally, you pay a $250 establishment fee. However, there’s no account-keeping fee, extra repayment fee, or early repayment fee.

Eligibility

  • Be at least 18 years old
  • Be an individual – no joint applications
  • Have Australian citizenship or permanent residency
  • Must be using the funds for personal purposes
  • Have a good credit rating

How to apply online

You can apply for a ME Bank car loan via BestFind with one click of the “Go to Site” button in the table above. Next, complete the application form – this takes about 10 minutes. Once you have approval, it takes about two business days before the money shows up in your account.

More about ME

ME has been offering financial services to Australians since 1994. However, it has no branches and keeps business with customers strictly digital. If you need to speak to someone, you can contact the ME Australian call centre.

In terms of giving back to the community, ME has helped raise funds for the National Breast Cancer Foundation. ME also gives back to the environment by never investing in fossil fuels.

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