The Finance Algorithm
Northern Inland Credit Union Ltd. logoNorthern Inland Credit Union Ltd.

Used Vehicle Loan

A fixed personal loan, taken over 1 to 5 years depending on your circumstances. Secured by a vehicle up to 10 years old.

Personal loansBank updated 11 May 2026
Apply at Northern Inland Credit Union Limited ↗Product page ↗Fees and pricing ↗

At a glance

Fixed
9.49%10.32% comparison
Loan size
$5,000 to $100,000
Upfront fee
$200
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.

This personal loan: 9.49%Every other institution's lowest, 41 in all

Lowest advertised rate, fixed or variable. One dot per institution, at its lowest car loan rate from a bank or lender anyone can apply for; hover or tap a dot for its name.

RateThis personal loanBest anywhereTypical institutionWhere it sits
Car loan from a bank or lenderLowest advertised rate, fixed or variable9.49%5.74%Westpac's Car Loan6.99%of 42 institutions39th lowest of 42

Rates

The one rate Northern Inland Credit Union Ltd. publishes for this personal loan.

TypeApplies toTermBandRateComparisonConditions
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&I1 yr fixed-9.49%10.32%-

Fees

6 fees published, grouped by when they're charged.

  1. When you take it out$200ESTABLISHMENT_FEE_PL
  2. While you hold it$8 a monthLOAN_MONTHLY_FEE
  3. When you close it or pay it offNo fee published

When you take it out1

  • ESTABLISHMENT_FEE_PL

    To be paid at time of funding/disbursement

    $200

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

RedrawDigital banking
  • No restriction on amount of additional payments you make
  • Make weekly, fortnightly or monthly repayments
  • 1 to 5 year loan terms available
  • Fixed Interest Rate

Eligibility and limits

  • Minimum age 18
  • Residency: AU
  • Available to individuals
  • Amount $5,000 to $100,000
  • Credit criteria and eligibility applies to all applicants. Terms and Conditions are available on application.
  • Loan can be for any purpose or for the purchase of a used vehicle up to 10 years old
  • Loan is to be secured by a vehicle up to 10 years old
  • The vehicle used as security must have full comprehensive insurance for the life of the loan

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.