A Low Rate Car Loan tailored for you.

At Australian Military Bank, we're all about good value. That's why we're pleased to offer our lowest Car Loan rates to members based on their credit history. 

For more information about your credit history, click here.

Plus, with our fast online application, you could be driving away in the car you want sooner.
 
With our Car Loans you can enjoy:

  • Loans from $1,000 to $80,000
  • Loan terms from 1-7 years
  • Interest rates available from 5.71% p.a. to 8.66% p.a. (Based on your personal credit history)
  • Comparison rates available from 6.57% p.a. to 10.07% p.a. (Based on your personal credit history)
  • Maximum car age of less than 5 years
  • Motorbikes included; maximum motorbike age of less than 5 years
  • Boats included; maximum boat age of less than 5 years
  • The ability to make extra repayments or pay off your loan early without penalty
  • Flexible repayment frequency - pay weekly, fortnightly or monthly
  • Optional redraw facility – redraw fees apply
  • The option to make repayments straight from your salary
  • Loan repayment insurance available
  • $10 monthly fee
     

Apply online in under 15 minutes and if you meet our lending criteria, you could be conditionally approved on the spot!

Australian Military Bank provides its members with tailored Personal and Car Loan rates based on their credit history. 

 

Car Loan

Members with a deposit of 20% or more of the purchase price of the car will be eligible for the lowest interest rate tier. 

Interest Rate from 5.71% p.a. to  8.66% p.a. (Based on your personal credit history)
Comparison Rate from 6.57% p.a. to 10.07% p.a. (Based on your personal credit history)

Details above ^

 

Fixed Rate Personal Loan

Interest Rate from 7.93% p.a. to 18.87% p.a. (Based on your personal credit history)
Comparison Rate from  8.77% p.a. to 20.27% p.a. (Based on your personal credit history)

  • Minimum loan size $1,000, maximum $80,000 *$50,000 for debt consolidation
  • Loan terms from 1-5 years
  • Purpose includes consolidation loans
  • Unsecured
  • The ability to make extra repayments or pay off your loan early without penalty
  • Flexible repayment frequency - pay weekly, fortnightly or monthly
  • The option to make repayments straight from your salary
  • Loan repayment insurance available
  • $10 monthly fee
     

Variable Rate Personal Loan

Interest Rate from 7.88% p.a. to 18.82% p.a. (Based on your personal credit history)
Comparison Rate from 8.72% p.a. to 20.22% p.a. (Based on your personal credit history)

  • Minimum loan size $1,000, maximum $80,000
  • Loan terms from 1-7 years
  • Unsecured
  • The ability to make extra repayments or pay off your loan early without penalty
  • Flexible repayment frequency - pay weekly, fortnightly or monthly
  • Optional redraw facility – redraw fees apply
  • The option to make repayments straight from your salary
  • Loan repayment insurance available
  • $10 monthly fee

 

Terms, conditions, fees, charges and lending criteria apply. These are available at the time of application. Rates are current at the time of publication and are subject to change.
*Comparison rate based on a $30,000 loan over 5 years unsecured. WARNING: The comparison rate is applicable only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

We get asked similar questions about our Car Loans so here are some common ones. If you have a different question, call us on 1300 13 23 28.
 

Can I make extra repayments on my loan?
Yes. You can make additional repayments on the New Car Loan, which could help you pay it off sooner.

Can I redraw excess funds from my loan?
Yes. If you’re ahead in your repayments, our Car Loans allow you to redraw extra funds if needed.

Can I borrow for a motorbike?
Yes, our Car Loans are also available for motorbikes. If you’re unsure give us a call on 1300 13 23 28.

How do I qualify for an Equity Car Loan?
Our Equity Car loan offers a lower interest than our new Car Loan and is for buying a car where you have a deposit of 20% or more, and the car is less than
1 year old. Applications for this loan are subject to Australian Military Bank’s normal lending criteria.  
 
Can I choose my own loan term? 
Yes, you can select any loan term up to 7 years. If you select a longer loan term but would like to pay your loan off sooner, you can also make additional payments without penalty.
 

How was my interest rate determined?
Amongst other features, rates are determined by  your credit score. Your credit score (also known as VedaScore) is a number calculated from information in your credit report provided by Veda.  This information includes numbers of credit applications you have made to financial institutions, the number of defaults or court judgements listed and the age of your credit file. 

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