MOTOR SCOUT BUSINESS VEHICLE LOAN
Loan to finance the purchase of a new or demo model business vehicle through Motor Scout Car buying service
- From
- 7.6%
- 9.97% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 3 years Fixed for the term of the loan | 7.6% | 9.97% | — |
| Fixed · 4 years Fixed for the term of the loan | 7.6% | 9.97% | — |
| Fixed · 5 years Fixed for the term of the loan | 7.6% | 9.97% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| PERSONAL_LOAN_SECURITY_VARIATION 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. | Event | $150.00 |
| DIRECT_DEBIT_DISHONOUR Charged if your direct debit payment is dishonoured due to insufficient funds | Event | $15.00 |
| MTHLY_PERSONAL_LOAN_FEE Charged monthly · Flat Monthly Fee of $8 for personal or vehicle loans. | Ongoing | $8.00 |
| LOAN_VARIATION When there is a variation made to the terms of an existing loan agreement. For example principal reduction, change to loan term. | Event | $150.00 |
| ORIGINATION_FEE | Upfront | $990.00 |
| BUSINESS_LOAN_ESTABLISHMENT_FEE | Upfront | $375.00 |
Features
- Digital banking
- SCCU NetBanking
Eligibility
- Residency status — YMust be an Australian resident
- Minimum age — 18 years
- Capacity to repay the loan
- For Purchase of a vehicle for commercial purpose
- Individuals onlySole Traders
- Available to new business introduced by Motor Scout Australia
- Business customers
Constraints
- Minimum limit — $20,000.00
- Maximum limit — $150,000.00
Published by Southern Cross Credit Union under the Consumer Data Right · Last updated 30 June 2026 · Product ID MOTORSCOUT_BUSINESS_VEHICLE_LOAN · View on CDR.gov.au · View Source Data (JSON)