Let's take a look at each stage of the car loan journey:
1. Submit your application
Complete the online application form and once we have reviewed your situation, we will let you know what supporting documents we will need.
2. Conditional approval
Conditional approval, or pre-approval as it is sometimes called, means your loan is approved subject to some conditions.
Meeting these conditions usually means you'll need to provide some additional documents to support your application. Your Lending Specialist will be in touch to let you know what is required, discuss your personal situation, and answer any questions you may have about the product or process.
If you're taking out a car loan with MOVE Bank Comprehensive Car Insurance is required, your Lending Specialist can provide you with a quote for insurance with our partner CGU if desired.
3. Full approval
Once you've sent in the required supporting documents and we have spoken to you to verify your ID, our credit team will be able to approve your loan.
4. Loan offer
At this stage, your loan has been approved! We will start getting your contracts ready and will contact you to discuss how you'd like to make your loan repayments. We will also get your consent to accept your loan contract electronically.
5. Contracts sent
You'll receive an email with your contract attached. Once you've read it and are happy to proceed you'll need to call us to accept the contract.
6. Pick up your car
We will call you to let you know once the funds are released to the dealer, and you can drive away in your new wheels!
At MOVE Bank we understand that looking after our planet is important. We want to support our members in making sustainable choices, which we why we have tailored ‘Green’ products designed exactly for this purpose.
Our Green Car Loan offers a discounted rate for low emissions vehicles. Learn more about our planet friendly products here.
If you are a homeowner, you may be able to use your home as security for a loan to buy a car. The benefit is you will generally enjoy a lower interest rate. This option will require you to already have your home loan with MOVE Bank, or be willing to refinance your home loan to MOVE Bank. For more information, please call us on 1300 362 216 to speak with a lending consultant.
A comparison rate is a rate that factors all the fees and charges for the loan, to help you compare loans between banks. Please note, the comparison rate is effected by the loan amount and term. You will need to read the fine print to see what amount and term each bank has used to calculate its comparison rate.