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.
At a glance
- Fixed
- 7.74%8.30% comparison
- Loan size
- $5,000 to $150,000
- Monthly fee
- $8
How it compares
This personal 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.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Car loan from a bank or lenderLowest advertised rate, fixed or variable | 7.74% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 31st lowest of 42 |
Rates
The one rate Northern Inland Credit Union Ltd. publishes for this personal loan.
| 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% | - |
Fees
5 fees published, grouped by when they're charged.
While you hold it1
- LOAN_MONTHLY_FEE$8 a month
When particular things happen4
- ALTERNATE_SECURITY_CAR_LOAN$100
- LATE_REPAYMENT_FEE$15
- PREPAYMENT_FEE_-_SECURED_LOANS
payable when you pay out the contract early. Waived if you refinance with us or paid out with savings.
$100 - STAFF_TRANSFER$10
Features
- No restriction on amount of additional payments you make
- Make weekly, fortnightly or monthly repayments
- 1 to 7 year loan terms available
Eligibility and 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
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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.