SCCU
MOTOR SCOUT USED VEHICLE LOAN
Personal Loan to finance the purchase of a used vehicle through Motor Scout Car buying service
Personal loansBank updated 30 June 2026
At a glance
- Fixed
- 8.24% · 10.61% comparison
- Loan size
- $20,000 to $150,000
- Upfront fee
- $1,240
- Monthly fee
- $8
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFixed for the term of the loan | P&I | 3 yrs fixed | — | 8.24% | 10.61% | — |
| FixedFixed for the term of the loan | P&I | 4 yrs fixed | — | 8.24% | 10.61% | — |
| FixedFixed for the term of the loan | P&I | 5 yrs fixed | — | 8.24% | 10.61% | — |
| FixedFixed for the term of the loan | P&I | 6 yrs fixed | — | 8.24% | 10.61% | — |
| FixedFixed for the term of the loan | P&I | 7 yrs fixed | — | 8.24% | 10.61% | — |
§ 02 — Fees · 7
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| DIRECT_DEBIT_DISHONOUR | Event | $15 | — | Charged if your direct debit payment is dishonoured due to insufficient funds |
| LOAN_VARIATION | Event | $150 | — | When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term. |
| PERSONAL_LOAN_SECURITY_VARIATION | Event | $150 | — | 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. |
| MTHLY_PERSONAL_LOAN_FEE | Periodic | $8 | Every 1 mo | Flat Monthly Fee of $8 for personal or vehicle loans. |
| REDRAW_IN_BRANCH | Transaction | $25 | — | Charged if you access advance payment on your loan in-branch. Redraw available while on VARIABLE rates only |
| ORIGINATION_FEE | Upfront | $990 | — | — |
| PERSONAL_LOAN_ESTABLISHMENT_FEE | Upfront | $250 | — | A one off upfront fee for setting up your loan. |
§ 03 — Features
RedrawDigital banking
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Y
- · Available to individuals
- · Amount $20,000 to $150,000
- · Capacity to repay the loan
- · For Purchase of used vehicle
- · Available to new business introduced by Motor Scout Australia
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
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.