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ME Bank car loans

ME Bank car loans do not require any security from the borrower. Loan terms range from one to seven years, with borrowers able to choose either fortnightly or monthly repayments. Borrowers can take out loans of $5,000 to $50,000. Once borrowers are approved for a loan, it takes about two business days for the money to be transferred to their account. ME Bank also offers retail banking, home loans, personal loans, credit cards and insurance. ME Bank was founded in 1994 and is completely owned by industry superannuation funds.

Nick Bendel
Nick Bendel

Property & Personal Finance Writer

Content updated

Product data updated

Why choose ME Bank

Benefits

  • No ongoing account-keeping fees
  • No penalty for early repayments

Drawbacks

  • Establishment fee charged
  • Loan range $5,000 to $50,000

ME Bank Car Loans

Car Loans calculator

Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios.

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based on a $30,000 loan for 5 years at -

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.