Compare Teachers Mutual Bank Car Loans & Rates - Best Find

Filter Results


Car loan amount

Term of car loan

Features

Type of vehicle loan

Car finance provider

Teachers Mutual Bank Car Loans

New car loan

When you credit your whole salary to your Victoria Teachers Mutual Bank account you’ll receive a great discounted rate across our entire Car Loan range.

Overview

Minimum loan amount$10,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Advertised rate5.79%

Comparison rate6.39%

Monthly repayments (approx)$306

Total repayments (approx)$11,016

Total interest repayments (approx)$1,016

Rate typeVariable

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$90

Other Fees & Information

Monthly fee$0.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredNo

Telephone1300 654 822

Data accurate as of02.04.2017

Comparison warning Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.

Hide info ˄

Used car loan

Our flexible Used Car Loan, for used cars older than current & prior calendar year models, is straightforward with no hidden costs.

Overview

Minimum loan amount$5,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Advertised rate6.79%

Comparison rate7.39%

Monthly repayments (approx)$310

Total repayments (approx)$11,180

Total interest repayments (approx)$1,180

Rate typeVariable

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$90

Other Fees & Information

Monthly fee$0.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 654 822

Data accurate as of02.04.2017

Comparison warning Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and Conditions available upon request.

Hide info ˄

Teachers Mutual Bank
9.95%
10.64%
$325.66

Expand info ˅

Car loan

With our car loan you can buy the car of your dreams - whether it be a new vehicle, a used vehicle less than 10 years old or a classic car over 30 years old.

Overview

Minimum loan amount$2,000

Maximum loan amount$50,000

Minimum term1 year

Maximum term6 years

Advertised rate9.95%

Comparison rate10.63%

Monthly repayments (approx)$325

Total repayments (approx)$11,723

Total interest repayments (approx)$1,723

Rate typeVariable

Secured or unsecuredSecured

Security required Yes

Application / establishment fees$100

Other Fees & Information

Monthly fee$0.0

Quarterly fee$0

Annual fee$0

Other fees$0

Missed payment fee$10

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 12 21

Data accurate as of02.04.2017

Comparison warning Comparison rates quoted are based on $10,000 for a term of 3 years for Travel Loans, $10,000 for a term of 3 years for Car Loan and All Purpose Loans and $30,000 for a term of 5 years for Secured New Car Loan, with monthly repayments. The Secured New Car Loan is a secured product. All other loan products quoted are unsecured. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Hide info ˄

results per page

BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Compare 100s of car loans

Did you know you can compare 100s of car loans? Review, calculate interest rate repayments, apply online and save by visiting our main car loans comparison page.

Compare and review Teachers Mutual Bank car loans

Looking to finance a new or used car, van, truck or motorcycle? When comparing Teachers Mutual Bank car loans, there are other key facts to consider and understand, other than just Teachers Mutual Bank’s interest rates.

What car loan options are available?

Teachers Mutual Bank has 3 car loan products:

  • Teachers Mutual Bank New Car loan
  • Teachers Mutual Bank Used Car loan
  • Teachers Mutual Bank Car loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Teachers Mutual Bank personal loansTeachers Mutual Bank home loan and Teachers Mutual Bank credit cards.

Do you have a Teachers Mutual Bank car loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact Teachers Mutual Bank directly.

How to apply for a Teachers Mutual Bank car loan?

If you’d like to apply online for a Teachers Mutual Bank car loan, just scroll up and click on “Learn more” to be taken to Teachers Mutual Bank’s secure online application form. Before you apply, be sure to learn about Teachers Mutual Bank’s loan products, fees and eligibility criteria. Give yourself around 30 minutes to complete the car loan application.

Teachers Mutual Bank’s car loan eligibility criteria

Before you apply for a car loan, be sure to understand and meet the Teachers Mutual Bank’s lending criteria. Below is high-level overview of Teachers Mutual Bank’s criteria:

Teachers Mutual Bank’s minimum requirements for a car loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • You’re buying a car or motorcycle for personal use
  • Minimum loan amount of $10,000 or more
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)

Information you’ll need to provide

Whether at the Teachers Mutual Bank branch or online, make sure to have the following details and documents nearby:

  • A current Australian driver’s license (if you have one)
  • Your current employer’s name, contact name and phone number
  • Previous employer, if you’ve changed jobs in the last three years
  • Income, expenses, assets and liabilities (such as other loans or credit cards)

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time takes between 1 to 3 business days
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Teachers Mutual Bank car loan

There are many additional factors Teachers Mutual Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Teachers Mutual Bank car loan for?

Examples of common loan purposes Teachers Mutual Bank will lend for:

Additional Teachers Mutual Bank car loan information

Teachers Mutual Bank’s minimum and maximum car loan amounts and terms

How much can you borrow? Between $10,000 and $80,000, over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Repayment schedule

Teachers Mutual Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Teachers Mutual Bank allows you to make additional or early repayments. There are no fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Security

Teachers Mutual Bank’s Car Loans require an asset (typically, the vehicle) as security.