NORTHERN INLAND CREDIT UNION LTD.
Brand New Vehicle Loan
A special fixed rate personal loan, with no establishment fee, for cars, motorbikes, caravans, boats or trailers that are brand new never and been driven before.
Personal loansBank updated 11 May 2026
At a glance
- Fixed
- 7.74% · 8.30% comparison
- Loan size
- $5,000 to $150,000
- Monthly fee
- $8
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedComparison Rate is calculated on a loan amount of $30,000 over a term of 5 years. These rates are for unsecured loans only. WARNING: This comparison rate is true only for the example given and may no… | P&I | 5 yrs fixed | — | 7.74% | 8.30% | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| ALTERNATE_SECURITY_CAR_LOAN | Event | $100 | — | — |
| LATE_REPAYMENT_FEE | Event | $15 | — | — |
| PREPAYMENT_FEE_-_SECURED_LOANS | Event | $100 | — | payable when you pay out the contract early. Waived if you refinance with us or paid out with savings. |
| STAFF_TRANSFER | Event | $10 | — | — |
| LOAN_MONTHLY_FEE | Periodic | $8 | Every 1 mo | — |
§ 03 — Features
RedrawDigital banking
- · No restriction on amount of additional payments you make
- · Make weekly, fortnightly or monthly repayments
- · 1 to 7 year loan terms available
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: AU
- · Available to individuals
- · Amount $5,000 to $150,000
- · Credit criteria and eligibility applies to all applicants. Terms and Conditions are available on application.
- · For the purchase of cars, motorbikes, caravans, boats or trailers that are brand new and never been driven before, or demo model
- · Loan is to be secured by purchased vehicle or a term deposit
- · The vehicle used as security must have full comprehensive insurance for the life of the loan
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Northern Inland Credit Union Limited under the Consumer Data Right, last changed by them on 11 May 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.