Defence Bank Limited
Used Car Loan
Defence Bank Limited · pers loans
Provider last updated this product 2026-04-21.
Go to provider
You'll complete your application on
Defence Bank Limited's website. Confirm the rate and fees with them
before applying.
Whether it’s your first car, a second car, motorcycle or a total change of the type of vehicle, there’s nothing quite like the feeling of being given the keys to your new set of wheels.
As published by the lender
- Vehicles - Used vehicles
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 6.39% | 7.17% | - | PRINCIPAL AND INTEREST | - | - | calculated daily, paid monthly |
| Choose a loan term from one to seven years | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Default notice (enforcement notice) | EVENT | $20 | Payable each time we send you a reminder notice relating to a default on a loan |
| Arrears reminder notice fee (per letter) | EVENT | $20 | Payable each time we send you a reminder notice relating to arrears on a loan |
| Loan Variation Fee | EVENT | $50 | Payable when the loan conditions are varied at the request of the loan holder |
| Processing Fee (Security) | EVENT | $50 | Payable on registration of loan security |
| Registration Fee (Security) | EVENT | $6 | Payable on registration of loan security |
| Personal Loan Service Fee | PERIODIC | $10 | This fee is charged on the last day of each month during the loan term. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 6.39% | 7.17% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Quick approval process.
- Choice of 1-7 years.
- Repayments Weekly, fortnightly, monthly.
- No exit fee.
- No early repayment fee.
Who can apply
- residency statusAustralian residents only.
- min age18
- natural person - Lending criteria.Not available for non personal borrowers.
- otherIndividuals must have capacity.
- business - SecurityMotor Vehicle/Motor Cycle.
Limits
- min limit - $1,000.00
- max limit - $250,000.00Secured by motor vehicle
- max balance - $100,000.00unsecured
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-04-21T00:00:00.000+10:00 · Product ID: 376