Unity BankFixed 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 used car over 5 years old, and lock in a fixed interest rate for up to 7 years.
At a glance
- Fixed
- 9.99%10.01% comparison
- Upfront fee
- $200
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 | 9.99% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 39th lowest of 42 |
Rates
The one rate Unity Bank publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Fixed | P&I | 2 yrs fixed | - | 9.99% | 10.01% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it out$200LOAN_ESTABLISHMENT_FEE_-_FIXED_RATE_CAR_LOAN_(NEW)
- While you hold it$2 a monthPAPER_STATEMENT_FEE
- When you close it or pay it offNo fee published
When you take it out1
- LOAN_ESTABLISHMENT_FEE_-_FIXED_RATE_CAR_LOAN_(NEW)
A fee charged to set up a new car loan
$200
While you hold it1
- PAPER_STATEMENT_FEE
A fee charged to cover the cost of producing and sending paper statements
$2 a month
When particular things happen3
- DEFAULT_NOTICE_FEE
A fee charged if you default on your repayments and we issue a default notice
$50 - FIXED_RATE_LOCK_FEE
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…
$500 - LATE_PAYMENT_FEE
A fee charged when you don't make your minimum monthly payment, plus any overdue amount
$15
Features
- 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
Eligibility and 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 used car that is over 5 years old
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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.