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Home Loan Variable: 5.13% (5.89%*) • Home Loan Fixed: 5.14% (6.01%*) • Fixed: 5.14% (6.01%*) • Variable: 5.13% (5.89%*) • Investment IO: 5.64% (6.42%*) • Investment PI: 5.55% (5.96%*)

  MOTOR SCOUT BUSINESS VEHICLE LOAN

Loan to finance the purchase of a new or demo model business vehicle through Motor Scout Car buying service
Category: Business Loans  Last Updated February 21, 2025  Effective March 21, 2025

 General Lending Rates

Rates listed below are for a FIXED P&I product. Additional Information Rate fixed for the term of the loan. Terms from 3yrs to 5yrs maximum.
Interest Rate
7.35% PA
Comparison Rate
8.44%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Digital Banking Additional Information: SCCU NetBanking

 Product Eligibility

  • Residency Status - Y. Additional Information: Must be an Australian resident
  • Min Age - 18.
  • Other Additional Information: Capacity to repay the loan
  • Other Additional Information: For Purchase of a vehicle for commercial purpose
  • Natural Person Additional Information: Sole Traders
  • Other Additional Information: Available to new business introduced by Motor Scout Australia
  • Business

 Bank Fees and Charges

  • Personal Loan Security Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the security used for an existing loan agreement. For example you change the vehicle which secures your loan.
  • Direct Debit Dishonour (Event), Amount: 15.00. Additional Information: Charged if your direct debit payment is dishonoured due to insufficient funds
  • Redraw In Branch (Transaction), Amount: 25.00. Additional Information: Charged if you access advance payment on your loan in-branch. Redraw available while on VARIABLE rates only
  • Mthly Personal Loan Fee (Periodic), Amount: 8.00. Additional Information: Flat Monthly Fee of $8 for personal or vehicle loans.
  • Loan Variation (Event), Amount: 150.00. Additional Information: When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term.
  • Origination Fee (Upfront), Amount: 990.00.
  • Business Loan Establishment Fee (Upfront), Amount: 375.00.

 Limitations & Restrictions (Constraints)

  • Min Limit of 20000.00
  • Max Limit of 150000.00

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