Motor Vehicle Car Loan
Our Motor Vehicle Car Loan are among the best types of car loans available and were first launched in 2001, rewarding borrowers with discounted rates for the purchase of environmentally friendly cars.
- For the borrowing member it combines a low interest rate loans with low fuel costs.
- For the environment it provides reduced green house gas emissions through lower fuel consumption.
The type of loan you are eligible for depends on your vehicle’s age, fuel efficiency and meeting the ‘Star Rating’, as measured by the Green Vehicle Guide. www.greenvehicleguide.gov.au
|Interest Rate||Comparison Rate||Effective of|
|Motor Vehicle Car Loan||5.99%||5.99%||Current|
- If over 10 years refer personal loan
- Add 1% p.a. if the vehicle uses more than 10 litres per 100 km as per the Green Vehicle Guide.
*Comparison rate based on a $30,000 loan over 5 years. WARNING: This comparison rate applies to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or costs and savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. A monthly repayment frequency and a term of 5 years have been used to calculate our comparison rate. Maleny Credit Union (MCU Ltd trading as), Australian credit licence 246921.
In addition to satisfying normal credit guidelines, borrowers need to meet the following criteria:
- Maximum Term 7 years
- Minimum Amount $4,000