MOTOR SCOUT BUSINESS VEHICLE LOAN
Loan to finance the purchase of a new or demo model business vehicle through Motor Scout Car buying service
At a glance
- Fixed
- 7.60%9.97% comparison
- Loan size
- $20,000 to $150,000
- Upfront fee
- $375
- Monthly fee
- $8
How it compares
This business loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
Lowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower. One dot per institution, at its lowest business loan rate anyone can apply for; hover or tap a dot for its name.
| Rate | This business loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 7.60% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 18th lowest of 47 |
| Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower | 7.60% | 6.33%SCCU's BUSINESS LOAN | 7.89%of 47 institutions | 18th lowest of 47 |
Rates
Every rate SCCU publishes for this business loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFixed for the term of the loan | P&I | 3 yrs fixed | - | 7.60% | 9.97% | - |
| FixedFixed for the term of the loan | P&I | 4 yrs fixed | - | 7.60% | 9.97% | - |
| FixedFixed for the term of the loan | P&I | 5 yrs fixed | - | 7.60% | 9.97% | - |
Fees
6 fees published, grouped by when they're charged.
- When you take it outUp to $9902 fees, each listed below
- While you hold it$8 a monthMTHLY_PERSONAL_LOAN_FEE
- When you close it or pay it offNo fee published
When you take it out2
- BUSINESS_LOAN_ESTABLISHMENT_FEE$375
- ORIGINATION_FEE$990
While you hold it1
- MTHLY_PERSONAL_LOAN_FEE
Flat Monthly Fee of $8 for personal or vehicle loans.
$8 a month
When particular things happen3
- DIRECT_DEBIT_DISHONOUR
Charged if your direct debit payment is dishonoured due to insufficient funds
$15 - LOAN_VARIATION
When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
$150 - PERSONAL_LOAN_SECURITY_VARIATION
When there is a variation made to the security used for an existing loan agreement. For example you change the vehicle which secures your loan.
$150
Features
Eligibility and limits
- Minimum age 18
- Residency: Y
- Available to individuals
- Available to businesses
- Amount $20,000 to $150,000
- Capacity to repay the loan
- For Purchase of a vehicle for commercial purpose
- Available to new business introduced by Motor Scout Australia
Compare it with others
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Published by Southern Cross Credit Union under the Consumer Data Right, last changed by them on 30 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.