Defence Bank · Personal loan · Unsecured · Variable
LiveNew Car Loan
As of 18 September 2026, the Defence Bank New Car Loan has a comparison rate of 7.17% (from 6.39% advertised), ranking 40th of 212 unsecured loans tracked by BankMate and sitting 9.96 points below the unsecured market average of 17.13%. It is an unsecured variable-rate loan for car loan with fees of $10 a month. Lenders publish the lowest rate in their range; the rate offered depends on the applicant.
from 6.39% advertised · Unsecured · variable · car loan
Fees: $10/mo.
Rate over time
Comparison rate · lenders publish the lowest rate in their range- New Car Loan
- RBA cash rate
- Unsecured average
Changes
No changes recorded for this product since tracking began on 12 September 2026.
Rates
- Advertised rate
- from 6.39% p.a.
- Comparison rate
- 7.17% p.a.
- Rate type
- Variable
Fees
- Application fee
- None
- Monthly fee
- $10
- Annual fee
- None
- Early repayment fee
- None
- Late payment fee
- $20
Loan terms
- Extra repayments
- Yes
- Early payout
- Yes
- Redraw
- Yes
- Flexible repayment frequency
- Yes
Eligibility
- Residency
- Australian residents only
About this product
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.