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!

By completing an enquiry form online or call our Loan Specialists on 1300 362 216 if you have questions.

At MOVE Bank we offer a New Car Loan for vehicles up to 3 years old, as well as a Used Car Loan.

Below is a list of suitable vehicles:

  • Motor vehicles - new or used up to an age of 10 years
  • Motorcycles - new or used up to an age of 10 years
  • Please craft - new or used up to an age of 10 years
  • Caravans - new or used up to an age of 10 years

If you're looking to take our a loan for a vehicle not listed above, please give us a call on 1300 362 216 to talk to a Lending Specialist about whether we can help.

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.

The amount you may be able to borrow is determined by your income, financial commitments, current savings and your credit history.

How to get started?

This is an indication of your ability to borrow. You may choose to seek a pre-approval at any time to understand your borrowing capacity, but it is not a guarantee of funding or a loan offer.

The security required will vary based on the type of loan you choose, explore our range of Car Loans and Personal Loans to learn more.

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.

Variable rates can change anytime and will affect your regular repayments.

A fixed rate has been fixed at a certain rate, so it stays the same for the entire fixed rate period. This means that your repayments also stay the same for the same 'fixed' period.

Please note all of our Car and Personal Loans are a fixed rate for the life of the loan, giving you the peace of mind that your repayments won't change.

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.

Generally the interest cost of your loan is calculated daily on the outstanding balance of your loan. Interest is calculated daily and charged monthly.

An example of how daily interest is calculated on a $30,000 loan with a fixed rate of 4% p.a. is as follows:

($30,000 x 4%) / 365 = $3.28

There are no penalties for additional repayments. You can find a summary of our Fees & Charges here.

Have a car loan with MOVE Bank? Comprehensive Car insurance is required to be taken out and note “MOVE Bank” as an interested party on the Certificate of Currency with your Insurance Company.

Don’t have insurance with MOVE Bank? We have partnered with CGU Insurance to provide you with competitive insurance. Get a quote today!

Why choose us?