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Used Car Loan (3+ years) with 20% deposit


This used car loan would suit someone who is looking to purchase a car more than 3 years old through a dealer, or private sale.1

10.20% pa
Variable Rate

10.44% pa2
Comparison Rate

  • 20% deposit required
  • $10,000 minimum loan amount
  • No early payout penalty
  • No penalty for extra repayments
  • No monthly account keeping fees
  • Rapid loan approval
  • Repay weekly / fortnightly / monthly
  • Competitive Interest Rates

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  Additional Product Information:


3+ years + 20% deposit
Key Features
Variable interest rate10.20% pa
Comparison rate10.44% pa2
Deposit required20%
Minimum amount$10,000 
Maximum AmountSubject to application
Loan period7 years
RepaymentsMonthly, Fortnightly, Weekly
Repayment optionsPayroll deduction, Periodical payment, Internet banking, Phone banking, Over the counter deposit through NAB
Interest chargesCalculated daily, charged monthly
Variable and lump sum repaymentsYes 
Early repayments without penaltyYes 
Free Loan redrawYes 
Monthly fee$0 
Loan repayment insurance availableYes 
Automatic repayments (payroll)Yes 
Easy to apply for loanPhone, Online, Branch


1 Over 3 years manufacture date within lending policy. Minimum loan amount is $10,000.

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.