MOVE Bank Car Loan
SecuredFixed rate
Move Car Loan
6.09%
interest rate a year, from
–
comparison rate, from
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- $10,000 to $150,000
What it would cost
At the lowest published rate of 6.09%. The rate you are offered depends on your circumstances, and the establishment fee is not included.
- Monthly repayment
- $609
- Total repayments
- $21,933
- Interest and monthly fees
- $1,933
Loan details
Rates
- Interest rate (a year)
- 6.09%
- Comparison rate (a year)
- Not published
- Rate type
- Fixed
- Security
- Secured
Limits and fees
- Loan amount
- $10,000 to $150,000
- Loan term
- 1 year to 7 years
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Cost of $20,000 over 5 years
$3,250
Interest and fees at its starting rate. Typical is $4,663.
Most you can borrow
$150,000
Typically you can borrow up to $130,000.
Longest term
7 years
7 years is the usual longest term.
Pros and cons
Pros
- One rate for everyone. Everyone approved gets 6.09%, so the rate you see is the rate you get.
- A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- Redraw. You can take back extra repayments later if you need the money.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.