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Low Fixed Interest Rate
Enjoy one of Australia’s most competitive fixed rates on new car loans.
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Flexible Loan Terms
Borrow from $10,000 to $150,000 and choose a loan term that suits your budget and lifestyle.
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No Monthly Fees
Keep your costs low with no transaction fees on your MoveBank savings and transaction accounts
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Extra Repayments and Redraw
Pay your loan off faster with free extra repayments and access redraw when you need it.
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Fast Online Application
Apply quickly and easily online, with support from our local lending specialists.
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Free Car Buying Service Available
Take the hassle out of finding your new car with our free, no-obligation service.
Fixed Rate Car Loan
A fixed rate car loan gives you certainty.
Your interest rate is set for the life of the loan, so your repayments stay the same. That makes it easier to plan, budget and move forward with confidence when buying a vehicle.
MoveBank’s fixed rate car loan is designed to keep things simple. With consistent repayments, flexible loan terms and a straightforward structure you know what you’re borrowing, what your repayments are, and how long it will take to pay off.
Predictable repayments from the start
A fixed interest rate that doesn’t change during your loan term.
With a fixed rate car loan, your interest rate is locked in when you take out the loan. That rate applies for the full term, meaning your repayment amount stays the same from your first payment through to your last.
The main advantage of a fixed rate loan is certainty.
When your rate doesn’t change:
- Your repayments stay consistent
- Your budgeting becomes easier to manage
- You’re not affected by interest rate increases over time
This is particularly useful when you’re already taking on a large purchase like a car. You know what the total cost looks like upfront, and there are fewer variables to manage over the life of the loan.
It’s not about trying to predict where rates might go — it’s about removing that uncertainty altogether.
For many customers, that simplicity is what matters most. You’re not adjusting repayments or responding to market changes. You’re following a clear repayment path from the beginning.
Check your rate and apply online for a MoveBank fixed rate car loan.
Designed for vehicle purchases
A loan structure tailored to buying a new or used vehicle.
MoveBank’s fixed rate car loan is designed to finance vehicles within defined age ranges, with secured lending typically used to support the loan.
Car loans are purpose-built.
That’s what makes them different from general personal loans.
Instead of being open-ended, the structure is clear:
- The loan is linked to the vehicle you’re purchasing
- The loan term is set from the start
- The repayment schedule is fixed
Because the vehicle acts as security (where applicable), this structure can also support more competitive pricing compared to unsecured lending.
In practice, this gives you:
- A defined borrowing purpose
- A clear repayment timeline
- Less complexity compared to broader lending options
You’re not creating a flexible credit facility — you’re financing a specific purchase in a structured way. For most people, that means fewer moving parts and a clearer outcome.
Find out if a fixed rate car loan suits your next vehicle purchase.
Flexibility within a fixed structure
Ability to make extra repayments without penalty.
MoveBank car loans allow you to make additional repayments on top of your scheduled amount, helping you reduce your loan balance faster.
A fixed loan doesn’t mean you’re locked into a rigid path.
While your required repayments stay the same, you still have flexibility in how you manage the loan:
- You can pay extra when it suits you
- You can reduce your interest over time
- You can shorten the overall loan term
This balance is important.
You get:
- Stability through fixed repayments
- Flexibility through additional payment options
For example:
- If your income changes, you can increase repayments
- If you receive a bonus or extra income, you can apply it directly to the loan
- If you simply want to pay the loan off sooner, you have that option
You’re not required to change anything — but the option is there if you want to.
Use the loan calculator to see how extra repayments can change your timeline.
Clear loan terms and structure
Defined loan terms and straightforward conditions.
Loan amounts, terms and repayment schedules are set at the beginning of the loan, giving you a clear structure from day one.
One of the challenges with lending is understanding what it looks like over time.
With a fixed rate car loan, that’s largely removed.
You know:
- How much you’re borrowing
- How long the loan runs for
- What your repayments are
- When the loan will be fully paid
There’s no need to account for rate changes or fluctuating repayments. The structure is stable from start to finish.
That can make a difference when planning around other expenses, especially if you’re managing multiple financial commitments.
It also makes it easier to compare options upfront, because you’re working with a consistent structure rather than a variable one.
View loan terms and assess what works for your budget.
The key point is consistency.
When other costs may change over time, having one component that stays the same can make planning easier.
Things to consider
A fixed rate loan provides certainty, but it’s still important to understand how it works.
- Your interest rate is locked in for the loan term
- Repayments will stay the same
- You won’t benefit if interest rates decrease
- Fees and conditions may apply depending on the loan structure
- Approval is subject to lending criteria and credit assessment
This is about choosing the right structure for your situation, not just the interest rate.
The product is designed to do what it needs to do — without adding layers that don’t contribute to the outcome.
Repayment certainty with a competitive fixed rate car loan
Buying a new car is an exciting milestone, whether you’re upgrading your current vehicle, purchasing your first new car, or choosing something safer and more reliable for your family. At the same time, it’s a significant financial decision. MoveBank’s New Car Loan – Fixed Rate is designed to give you confidence and clarity by locking in your interest rate for the life of your loan, so you always know where you stand from day one.
With fixed repayments, flexible loan terms and no ongoing monthly loan service fees, you can focus on choosing the right car rather than worrying about changes in interest rates or unexpected costs. As a customer‑owned bank, MoveBank’s approach is straightforward and member‑focused, with products designed to deliver long-term value and clear, uncomplicated features.
Using the car loan repayment calculator
If you’re considering how a car loan might fit into your budget, MoveBank’s car loan repayment calculator can help you estimate your repayments. You can adjust the loan amount, term and repayment frequency to see how different options may affect your repayments. Calculator results are indicative only and do not represent a quote, loan offer or pre‑approval. Your actual repayment amount will be confirmed as part of the application and approval process.
Car Loan Calculators
How a fixed rate car loan works
A fixed rate car loan means the interest rate on your loan remains the same for the duration of your agreement. This gives you certainty, because your repayments won’t change over time, regardless of market movements or changes to the cash rate.
This certainty can make budgeting easier, particularly if you prefer predictable household expenses or are managing other financial commitments. From the moment your loan is funded, you’ll know exactly how much you need to repay and when, helping you plan ahead with confidence.
MoveBank’s fixed rate car loan is available for new and near-new vehicles up to three years old. It can be used whether you’re purchasing from a dealership or buying privately, with the same clear loan structure applying in both cases.
Key features of MoveBank’s New Car Loan – Fixed Rate
MoveBank’s fixed rate car loan includes a range of practical features designed to balance repayment certainty with flexibility:
- Fixed interest rate for the life of the loan, providing stable repayments
- Borrow from $10,000 up to $150,000, subject to eligibility
- Flexible loan terms from 1 to 7 years
- No ongoing monthly loan service fees
- Extra repayments allowed, helping you reduce your loan sooner
- Redraw facility available, subject to terms and conditions
- Weekly,fortnightlyor monthly repayments
- Available for dealer or private sale purchases
An establishment fee may apply. All loans are subject to MoveBank’s credit assessment and eligibility criteria.
Why choose a fixed rate car loan?
A fixed rate car loan may suit borrowers who value certainty and prefer knowing exactly what their repayments will be throughout the loan term. Because your interest rate doesn’t change, your repayments remain consistent, which can make it easier to manage your cash flow and plan your finances.
Some borrowers choose variable rate loans for their potential flexibility, but fixed rate loans are often preferred by those who want stability and protection from interest rate increases. If you plan to keep your car for several years and want clarity around your repayments, a fixed rate car loan can provide peace of mind.
MoveBank’s fixed rate option also includes flexibility through allowable extra repayments and redraw, subject to your loan contract.
Understanding interest rates and comparison rates
When comparing car loans, you’ll often see both an interest rate and a comparison rate. The interest rate shows the cost of borrowing before fees, while the comparison rate includes the interest rate plus most fees and charges to help you understand the true cost of the loan.
Comparison rates are based on a standard example set by legislation. Because actual loan amounts and terms vary, your overall cost may differ depending on your individual circumstances. Using both the interest rate and comparison rate together can help you make more informed comparisons between loan products.
Financing your new or near‑new vehicle
MoveBank’s New Car Loan – Fixed Rate can be used to finance a wide range of vehicles up to three years old, including demo vehicles. Whether you’re purchasing a compact car for everyday commuting, upgrading to a family‑friendly SUV, or choosing a vehicle with advanced safety features, the loan structure remains consistent.
You can purchase through a dealership or via a private sale. Depending on how you buy your car, additional documentation may be required. MoveBank’s lending team can guide you through what’s needed and support you through each step of the process.
Extra repayments and redraw flexibility
Even though your interest rate is fixed, MoveBank’s fixed rate car loan still gives you flexibility. You can make extra repayments when it suits you, which may help reduce your loan balance faster and lower the total interest payable over time.
If your circumstances change, eligible extra repayments may be accessed through redraw, subject to the terms and conditions of your loan contract. This combination of certainty and flexibility is designed to support real‑world financial needs, not just ideal scenarios.
Who this loan may suit
MoveBank’s New Car Loan – Fixed Rate may suit:
- People buying a new ornear‑newvehicle who want predictable repayments
- Borrowers who prefer knowing their repayment amountwon’tchange
- Members looking for a simple loan structure with no ongoing monthly fees
- Buyers who want flexibility in how often they repay
Everyone’s financial situation is different, so it’s important to consider whether this product aligns with your needs and preferences.