Personal Loan to finance the purchase of a new or demo model vehicle through Motor Scout Car buying service
Category: Personal Loans Last Updated October 29, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Rate fixed for the term of the loan
Interest Rate 6.99% PA
Comparison Rate 9.35%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 BankingAdditional Information: SCCU NetBanking
Redraw
Npp Enabled
Card Access
OtherAdditional Information: Terms from 3yrs to 7years available
Product Eligibility
Residency Status - Y. Additional Information: Must be an Australian resident
Min Age - 18.
OtherAdditional Information: Capacity to repay the loan
OtherAdditional Information: For Purchase of new vehicle
Natural Person
OtherAdditional 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 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.