Used Car Loan
Are you looking for the perfect used car?
Would you like to make buying a used car easy? We offer Car Loans to help you get the right car for your lifestyle. Our flexible Used Car Loan, for used cars older than current & prior calendar year models, is straightforward with no hidden costs. 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.
|Apply Online Call 1300 654 822 Web Chat|
|The vehicle cannot be older than 12 years at the completion of the loan contract.||Choose weekly, fortnightly or monthly repayments, whatever suits you.|
|We accept additional repayments so you can pay off your loan faster, and you won’t be penalised for paying off your loan early||Take advantage of free Redraw with a $500 minimum.|
|We offer 1-5 year Fixed Interest Rate options so you can avoid interest rate rises.||The Break Cost Fee only applies during fixed rate period.|
|Our flexible Used Car Loans start at $5,000, with no maximum.||Secure a loan for up to 7 years|
|Interest calculated daily and charged monthly in arrears.||When applying, ask about optional Loan Repayment Insurance.|
|Rates & Fees|
|Ready to Apply|
Let us assist with your borrowing needs. For a car loan, you can:
Terms and Conditions
Principal and interest repayments.
We ask for a Goods Security Agreement on the motor vehicle for all Car Loans. Your motor vehicle must also be registered in the name of the borrower.
Use our loan calculators to assist you to make informed decisions about borrowing money and paying off your loan:
Loan Repayments Calculator
Extra Repayments Calculator
Lump Sum Repayment Calculator
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 for your whole salary to be credited to your Mutual Bank account. Car Loan Interest Rates effective 18 November 2016. 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 $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.
2. Only payable if loan is funded. Waived for Student Banking Package customers.