Defence Bank Limited
New Car Loan
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.
Personal loansBank updated 21 Apr 2026
At a glance
- Variable
- 6.39% · 7.17% comparison
- Monthly fee
- $10
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableChoose a loan term from one to seven years | P&I | — | — | 6.39% | 7.17% | — |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Arrears reminder notice fee (per letter) | Event | $20 | — | Payable each time we send you a reminder notice relating to arrears on a loan |
| Default notice (enforcement notice) | Event | $20 | — | Payable each time we send you a reminder notice relating to a default on a loan |
| Loan Variation Fee | Event | $50 | — | Payable when the loan conditions are varied at the request of the loan holder |
| Processing Fee (Security) | Event | $50 | — | Payable on registration of loan security |
| Registration Fee (Security) | Event | $6 | — | Payable on registration of loan security |
| Personal Loan Service Fee | Periodic | $10 | Every 1 mo | This fee is charged on the last day of each month during the loan term. |
§ 03 — Features
RedrawDigital bankingUnlimited transactions
- · Quick approval process.
- · Choice of 1-7 years.
- · Repayments Weekly, fortnightly, monthly.
- · No exit fee.
- · No early repayment fee.
§ 04 — Eligibility & limits
- · Residency: Australian residents only.
- · Available to individuals
- · 18
- · Individuals must have capacity.
- · New.
- · Motor Vehicle/Motor Cycle.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Defence Bank under the Consumer Data Right, last changed by them on 21 Apr 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.