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Compare similar loansVisit Defence Bank
New Car
Variable Rate
Car loan
by Defence Bank
Advertised Rate
6.19%
p.a.
Comparison Rate
6.97%
p.a.*
About This Loan
Our car loan is designed for vehicles less than five years old; straight-forward and simple to get you on the road faster.
Loan Details
Loan Amount
$1,000+
Loan Term
12 – 84 months
Fees & Charges
Establishment FeeFree
Monthly Fee$10
Annual FeeFree
Early Exit FeeFree
Key Features
- No fees for extra repayments
- No fees for early payouts
- Quick approval process
- Choose a loan term from one to seven years
- Choose between weekly, fortnightly or monthly payments
- For new and used cars and motorcycles up to, and including, five years old
- Winner of WeMoney's 'Lender of the Year (Defence Services) - Car Loans' award four years in a row - 2022 to 2025
- Winner of WeMoney's 'Best for Flexibility - Car Loans' award three years in a row - 2023 and 2025
- Winner of WeMoney's 2022 'Best For Quality - Car Loans' and 'Outstanding Customer Service - Car Loans' awards
Rate from
6.19% p.a.
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About Defence Bank
*Comparison rate based on a secured $30,000 loan over 5 years. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Rates and fees are subject to change without notice. Always read the lender's terms before applying.