Personal Loans

  Variable Interest Rate (p.a.) Comparison Interest Rate (p.a.)4
New Car Loan 9.04% 9.17%1
Used Car Loan 10.04% 10.66%2
Green Car Loan 8.54% 8.67%1
Share Loan 10.50% 11.12%3
Personal Loan 11.99% 12.62%3
Green Personal Loan 9.60% 10.22%3
Revolving Personal Loan 11.99% N/A
Student Loan 10.99% 11.62%2
Student Loan (deferred) 11.50% 12.13%2
Line of Credit 13.44% N/A

Fixed Term Personal Loans

Fixed Term
Interest Rate (p.a.)5

1 Year 2 Years 3 Years 4 Years 5 Years
New Car 9.04% 9.04% 9.04% 9.04% 9.04%
Comparison Rate (p.a.)4 9.17%1 9.17%1 9.17%1 9.17%1 9.17%1
Used Car 10.04% 10.04% 10.04% 10.04% 10.04%
Comparison Rate (p.a.)4 10.66%2 10.66%2 10.66%2 10.66%2 10.66%2
Green Car 8.54% 8.54% 8.54% 8.54% 8.54%
Comparison Rate (p.a.)4 8.67%1 8.67%1 8.67%1 8.67%1 8.67%1
Share 10.50% 10.50% 10.50% 10.50% 10.50%
Comparison Rate (p.a.)4 11.12%3 11.12%3 11.12%3 11.12%3 11.12%3
Personal 11.99% 11.99% 11.99% 11.99% 11.99%
Comparison Rate (p.a.)4 12.62%3 12.62%3 12.62%3 12.62%3 12.62%3
Green Personal 9.60% 9.60% 9.60% 9.60% 9.60%
Comparison Rate (p.a.)4 10.22%3 10.22%3 10.22%3 10.22%3 10.22%3
Student 10.99% 10.99% 10.99% 10.99% 10.99%
Comparison Rate (p.a.)4 11.62%2 11.62%2 11.62%2 11.62%2 11.62%2
Student Deferred 11.50% 11.50% 11.50% 11.50% 11.50%
Comparison Rate (p.a.)4 12.13%2 12.13%2 12.13%2 12.13%2 12.13%2

Credit Cards

Interest Rates effective 1 August 2014.

  Purchase Variable Interest Rate (p.a.) Balance Transfer Variable Interest Rate (p.a.) Cash Advance Variable Interest Rate (p.a.)
Visa Platinum Credit Card 9.99% 9.99% 19.99%
Visa Classic Credit Card 13.19% 13.19% 13.19%

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

  1. Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years.
  2. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years.
  3. Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years.
  4. 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 are available on request.
  5. Rates are indicative only. Fixed rates are fixed at the date of funding.

The Mutual Bank may charge a fee for these services and facilities. Refer to the Fees and Charges brochure, available on request. Full terms and conditions including variations to interest rates are prescribed in the Terms and Conditions brochure, available on request. Subject to change without notice.