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Car Loan Comparison Table

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Check out the features and benefits of an Orange Credit Union car loan.

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Key Features	New Car	Used Car Loan	Used Car Loan	Used Car Loan	Used Car Loan
Vehicle age	New	1-3 years	1-3 years	More than 3 years	More than 3 years
Deposit Required	0%	20%	0%	20%	0%
Interest rates
Interest rate (pa)	6.98% pa	8.99% pa	9.99% pa	10.20% pa	10.95% pa
Comparison rate (pa)*	7.21% pa¹	9.22% pa²	10.23% pa²	10.44% pa²	11.19% pa²
Loan amounts and repayment terms
Minimum loan amount	$15,000	$10,000	$10,000	$10,000	$10,000
Maximum loan amount	Subject to application	Subject to application	Subject to application	Subject to application	Subject to application
Loan period	up to 7 years	7 years	7 years	7 years	7 years
Repayments
Repayments	Monthly, Fortnightly, Weekly	Monthly, Fortnightly, Weekly	Monthly, Fortnightly, Weekly	Monthly, Fortnightly, Weekly	Monthly, Fortnightly, Weekly
Repayment Options	- Payroll deduction - Periodical payment - Internet Banking - Phone banking - NAB Deposit	- Payroll deduction - Periodical payment - Internet Banking - Phone banking - NAB Deposit	- Payroll deduction - Periodical payment - Internet Banking - Phone banking - NAB Deposit	- Payroll deduction - Periodical payment - Internet Banking - Phone banking - NAB Deposit	- Payroll deduction - Periodical payment - Internet Banking - Phone banking - NAB Deposit
Interest Charges	Calculated daily, charged monthly	Calculated daily, charged monthly	Calculated daily, charged monthly	Calculated daily, charged monthly	Calculated daily, charged monthly
Variable and lump sum repayments	Yes	Yes	Yes	Yes	Yes
Early repayments without penalty	Yes	Yes	Yes	Yes	Yes
Fees
Free Loan Redraw	Yes	Yes	Yes	Yes	Yes
Monthly Account Keeping/service fees	$0	$0	$0	$0	$0
Automatic Repayments (Payroll)	Yes	Yes	Yes	Yes	Yes
Easy to apply for loan	Phone, Online, Branch	Phone, Online, Branch	Phone, Online, Branch	Phone, Online, Branch	Phone, Online, Branch

¹ Comparison rate based on a secured $30,000 loan over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

² Comparison rate based on $30,000 over 5 years WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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