ME Bank Car Loans, Interest Rates & Fees - Best Find
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ME Bank Car Loans

BestFind is a free, Australian-owned platform that allows you to compare personal loans from trusted Australian lenders, to consolidate debt or to finance worthwhile purchases. You can use the filter to narrow the options to meet your needs.

Compare Car Loans

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


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)12.49%

Car loan comparison rate12.86%

Monthly repayments (approx)$674

Total repayments (approx)$40,487

Total interest repayments (approx)$10,487

Rate typeFixed

Secured or unsecuredUnsecured


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


Telephone13 15 63

Data accurate as of02.04.2017


Comparison rate warning

Comparison rate calculated on an unsecured loan of $30,000 for a term of 5 years, repaid monthly. 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.


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Compare 100s of car loans

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 ME Bank car loans

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

What car loan options are available?

ME Bank has 1 car loan product:

  • ME Bank Personal 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 ME Bank personal loansME Bank home loan and ME Bank credit cards.

Do you have a ME 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 ME Bank directly.

How to apply for a ME Bank car loan?

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

ME Bank’s car loan eligibility criteria

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

ME 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 $2,000 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 ME 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 ME Bank car loan

There are many additional factors ME 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 a ME Bank car loan for?

Examples of common loan purposes ME Bank will lend for:

Additional ME Bank car loan information

ME Bank’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $2,000 and $80,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

ME Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

ME 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.


ME Bank’s Personal Loan does not require an asset (typically, the vehicle) as security.