Personal loan · Secured · Variable
New Car Loan
7.66%comparison rate p.a.
from 6.89% advertised · Secured · variable · car loan
39th of 98 secured loans
Comparison rates are based on a loan of $30,000 over 5 years, secured or unsecured as each loan is. WARNING: This comparison rate is true 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.
Fees: $50 application · $10/mo.
- Advertised rate
- from 6.89% p.a.
- Application fee
- $50
- Loan amount
- $1,000 – $250,000
- Residency
- Australian residents only
- Comparison rate
- 7.66% p.a.
- Monthly fee
- $10
- Advertised rate
- from 6.89% p.a.
- Comparison rate
- 7.66% p.a.
- Rate type
- Variable
- Application fee
- $50
- Monthly fee
- $10
- Annual fee
- None
- Early repayment fee
- None
- Late payment fee
- $20
- Loan amount
- $1,000 – $250,000
- Loan term
- 1 year to 7 years
- Extra repayments
- Yes
- Early payout
- Yes
- Redraw
- Yes
- Flexible repayment frequency
- Yes
- Residency
- Australian residents only
- New Car Loan
- RBA cash rate
October 20261 change
- 27Tue
- 7.17 → 7.6627 days after the RBA rise to 4.60%+0.49
Whether it’s your first car, a new car, motorcycle or a total change of the type of vehicle, there’s nothing quite like the feeling of being given the keys to your new set of wheels.
Also from Defence Bank: Personal Loan 10.06% · Consolidation Loan 14.93%
As of 2 November 2026, the Defence Bank New Car Loan has a comparison rate of 7.66% (from 6.89% advertised), ranking 39th of 98 secured loans tracked by BankMate. It is a secured variable-rate loan for car loan with fees of $50 application · $10 a month. Lenders publish the lowest rate in their range; the rate offered depends on the applicant. Its rate last moved on 27 October 2026, 27 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.