
MOTOR SCOUT NEW VEHICLE LOAN
Personal Loan to finance the purchase of a new or demo model vehicle through Motor Scout Car buying service
Category: Personal Loans Last Updated February 18, 2025 Effective April 14, 2025
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Rate fixed for the term of the loan. Terms from 3yrs to 7yrs maximum.
Interest Rate
6.49% PA
6.49% PA
Comparison Rate
7.41%PA*
7.41%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
- Digital Banking Additional Information: SCCU NetBanking
- Redraw
Product Eligibility
- Residency Status - Y. Additional Information: Must be an Australian resident
- Min Age - 18.
- Other Additional Information: Capacity to repay the loan
- Other Additional Information: For Purchase of new vehicle
- Natural Person
- Other Additional Information: Available to new business introduced by Motor Scout Australia
Bank Fees and Charges
- Personal Loan Security Variation (Event), Amount: 150.00. Additional Information: 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.
- Direct Debit Dishonour (Event), Amount: 15.00. Additional Information: Charged if your direct debit payment is dishonoured due to insufficient funds
- Personal Loan Establishment Fee (Upfront), Amount: 250.00. Additional Information: A one off upfront fee for setting up your loan.
- Redraw In Branch (Transaction), Amount: 25.00. Additional Information: Charged if you access advance payment on your loan in-branch. Redraw available while on VARIABLE rates only
- Mthly Personal Loan Fee (Periodic), Amount: 8.00. Additional Information: Flat Monthly Fee of $8 for personal or vehicle loans.
- Loan Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
- Origination Fee (Upfront), Amount: 990.00.
Limitations & Restrictions (Constraints)
- Min Limit of 20000.00
- Max Limit of 150000.00
■ ■ ■
Like this Mortgage Product?
Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest