Unity Bank
Fixed Rate Car Loan P&I <5Y
Drive away your dream car without breaking the budget with our Fixed Rate Car Loan. Borrow up to $150,000 for a new or used car up to 5 years old, and lock in a fixed interest rate for up to 7 years.
Personal loansBank updated 1 July 2026
At a glance
- Fixed
- 7.99% · 8.01% comparison
- Upfront fee
- $200
- Monthly fee
- $2
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | P&I | 2 yrs fixed | — | 7.99% | 8.01% | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| DEFAULT_NOTICE_FEE | Event | $50 | — | A fee charged if you default on your repayments and we issue a default notice |
| FIXED_RATE_LOCK_FEE | Event | $500 | — | A fee charged to guarantee the fixed interest rate quoted to you at loan approval for up to 90 days from the date of approval. The amount is $500.00 or 0.15% of the total fixed rate loan amount which… |
| LATE_PAYMENT_FEE | Event | $15 | — | A fee charged when you don't make your minimum monthly payment, plus any overdue amount |
| PAPER_STATEMENT_FEE | Periodic | $2 | Every 1 mo | A fee charged to cover the cost of producing and sending paper statements |
| LOAN_ESTABLISHMENT_FEE_-_FIXED_RATE_CAR_LOAN_(NEW) | Upfront | $200 | — | A fee charged to set up a new car loan |
§ 03 — Features
RedrawInstant paymentsPayID
- · 1 to 7 years
- · Flexible repayment options weekly, fortnightly or monthly
- · You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
- · No PPSR (Personal Property Securities Register) fee is charged during the loan application
- · Set repayments that won't change during the fixed term so you can lock in certainty
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Permanent Resident
- · Employment: Employed
- · Minimum balance $1,000
- · Applications for finance are subject to the Bank's normal credit approval
- · A secured car loan is for buying a new or used car that is less than 5 years old
§ 06 — Run the numbers
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Published by Unity Bank under the Consumer Data Right, last changed by them on 1 July 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.