For cars under 12 months old.
Whether you are purchasing your first car, need a larger car or are simply wanting to buy the car of your dreams, Victoria Teachers Credit Union can provide you with a new Car Loan to suit your needs.
Our new Car Loans are flexible and allow you to purchase new motor vehicles and motorcycles, less than 12 months old. You should always obtain loan pre-approval before finding a car. This way you know exactly how much you can spend and you can negotiate on the price.
Our Car Loans have no hidden costs and no early repayment fees. You can repay your new Car Loan over a term of one to nine years.
Main Features
- Weekly, fortnightly or monthly repayments.
- Additional Repayments Accepted.
- Redraw Available ($500 minimum).
- No early repayment penalties.
- $10,000 minimum loan amount.
- No maximum loan amount.
- 9 year maximum loan term.
- Optional Loan repayment insurance.
Interest
Calculated daily and charged monthly in arrears.
Loan Repayments
Principal & interest repayments.
Security
A Goods Mortgage on the motor vehicle is required for all Car Loans. The motor vehicle must also be registered in the name of the borrower.