page top

Green Car Loan

Attention: open in a new window. Print

Would you like to buy an environmentally friendly car?

We believe you should be rewarded for investing in a Green Car. If your new car has a C02 value of 180 g/km or less, as rated by the Australian Government Green Vehicle Guide, then we can offer you a car loan with a reduced interest rate, no monthly fees and flexible repayments. When you credit a minimum of $250 per fortnight to your Victoria Teachers Mutual Bank account you’ll receive a great discounted rate across our entire Car Loan range.

Check out our handy Loan Calculators to figure out how much you can borrow.

5.29% pa
discounted variable interest rate

5.41% pa
comparison rate1

mozo | Experts Choice Awards - Car Loan

Apply Online Call 1300 654 822 Web Chat

The Details:

We offer a reduced interest rate to reward you for buying an environmentally friendly car with a C02 value of 180g/km (grams per kilometre) or less. Choose weekly, fortnightly or monthly repayments, it’s up to you
You can make additional repayments whenever you can. We don’t penalise you if you pay off your loan early.
Take advantage of free Redraw with a $500 minimum Choose a 1-5 year Fixed Interest Rate
The Break Cost Fee only applies during a fixed rate period. Our flexible Green Car Loan can be taken out for amounts starting from $5000, with no maximum.
Secure a loan for up to 7 years Interest calculated daily and charged monthly in arrears.
Talk to us about optional Loan Repayment Insurance when you apply.  
  Rates & Fees
Green Car Loan (L26)
Promotional Interest Rates
Variable Interest Rate 5.29% pa
Comparison Rate1 5.41% pa
Fixed Interest Rates 1 to 5 Years Yes, refer to Interest Rates page
Standard Green Car Loan Interest Rates
Variable Interest Rate 8.29% pa
Comparison Rate1 8.42% pa
Fixed Interest Rates 1 to 5 Years Yes, refer to Interest Rates page
Fees
Application Fee $0 
Establishment Fee2 $90 
Monthly Fee $0 
  Ready to Apply

Let us assist with your borrowing needs. For a car loan, you can:

Apply Online

Apply Online

Phone Us

Call 1300 654 822 between 8:00am and 7:00pm Monday to Thursday and Friday 8:00am and 6:00pm.

Download

Complete a Car Loan Application and return it to us.
Download the Car Loan Documentation Checklist for a list of the documents required to apply for your Loan.

Visit Us

Complete an application in person at our Hawthorn East or Moonee Ponds Service Centres.

Terms and Conditions

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

  More Info

Eligibility

The Green Car Loan is intended for the purchase of a new car with a build date of the current year or previous calendar year; and the vehicle must have a C02 value of 180g/km or less as rated by the Australian Government Green Vehicle Guide.

Loan Repayments

Principal and interest repayments

Security

We require a Goods Mortgage on the motor vehicle for all Car Loans. Your motor vehicle must also be registered in the name of the borrower.

  Calculators

Use our loan calculators to assist you to make informed decisions about borrowing money and paying off your loan:

Loan Repayments Calculator
Work our what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

Extra Repayments Calculator
Calculate how much time and interest you can save by paying more than the minimum repayment.

Lump Sum Repayment Calculator
Calculate the time and interest you can save by paying a lump sum off your loan

 


Important Information
Promotional interest rates available for car loan applications received between 1 July 2016 - 30 June 2017 and funded 28 July 2017. To qualify for the discounted car loan rate you must arrange to credit a minimum of $250 per fortnight to your Victoria Teachers Mutual Bank Everyday Account. Car Loan Interest Rates effective 6 March 2017. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
This insurance product is issued by CGU Insurance Limited ABN 27 004 478 371 AFSL No. 238291 (CGU). This document contains general information only and may not suit your particular circumstances. Before making decisions about insurance products you should consider the appropriateness of the information having regard to your circumstances and the Product Disclosure Statement available by calling 1800CGU CCI (1800 248 224).
1. 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.
2. Only payable if loan is funded. Waived for Student Banking Package customers.