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Interest Rates

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Discounted Car Loans

Car Loan Interest Rates effective 3 July 2017.

  Variable Interest Rates
  Variable Interest Rate (p.a.) Comparison Rate (p.a.)2
New Car Loan (L35) 5.79% pa 5.91% pa6
Used Car Loan (L32) 6.79% pa 7.40% pa5
Green Car Loan (L26) 5.29% pa 5.41% pa6
  Fixed Interest Rates
Fixed Interest Rates
  Fixed Interest Rate (p.a.)7 Comparison Rate (p.a.)2
New Car Loan
1 Year Fixed 5.79% 7.79% pa6
2 Year Fixed 5.79% 6.96% pa6
3 Year Fixed 5.79% 6.38% pa6
4 Year Fixed 5.79% 6.03% pa6
5 Year Fixed 5.79% 5.91% pa6
Used Car Loan
1 Year Fixed 6.79% 8.72% pa5
2 Year Fixed 6.79% 7.74% pa5
3 Year Fixed 6.79% 7.40% pa5
4 Year Fixed 6.79% 7.40% pa5
5 Year Fixed 6.79% 7.40% pa5
Green Car Loan
1 Year Fixed 5.29% 7.30% pa6
2 Year Fixed 5.29% 6.46% pa6
3 Year Fixed 5.29% 5.88% pa6
4 Year Fixed 5.29% 5.53% pa6
5 Year Fixed 5.29% 5.41% pa6

 

 

Home Loans

Interest Rates effective 3 July 2017.
Note: $50,000 minimum loan amount for fixed rates and $50,000 minimum loan increase for existing customers switching from a loan funded prior to 1 December 2015.

  Owner Occupied
Variable Interest Rates
  LVR of 80% or less LVR greater than 80%
  Interest Rate (p.a.) Comparison Rate (p.a.)1,2 First Home Buyer Comparison Rate (p.a.)1,2 Interest Rate (p.a.) Comparison Rate (p.a.)1,2 First Home Buyer Comparison Rate (p.a.)1,2
Education Package Home Loan 3.89% pa 4.21% pa 4.19% pa 4.09% pa 4.41% pa 4.39% pa
Complete Home Loan 3.99% pa 4.04% pa 4.00% pa 4.19% pa 4.24% pa 4.20% pa
Standard Home Loan 4.69% pa 4.74% pa N/A 4.89% pa 4.94% pa N/A
 
Equity Line of Credit Home Loan 5.14% pa N/A        

 

Fixed Interest Rates3
  Interest Rate (p.a.) Comparison Rate (p.a.)1,2
LVR of 80% or less
Comparison Rate (p.a.)1,2
LVR greater than 80%
Education Package Home Loan
1 Year Fixed 3.89% pa 4.21% pa 4.39% pa
2 Year Fixed 3.89% pa 4.21% pa 4.37% pa
3 Year Fixed 3.99% pa 4.24% pa 4.38% pa
4 Year Fixed 4.54% pa 4.43% pa 4.56% pa
5 Year Fixed 4.54% pa 4.48% pa 4.59% pa
Complete Home Loan
1 Year Fixed 3.99% pa 4.04% pa 4.22% pa
2 Year Fixed 3.99% pa 4.04% pa 4.20% pa
3 Year Fixed 4.09% pa 4.06% pa 4.21% pa
4 Year Fixed 4.64% pa 4.26% pa 4.39% pa
5 Year Fixed 4.64% pa 4.30% pa 4.42% pa
Standard Home Loan
1 Year Fixed 3.99% pa 4.67% pa 4.85% pa
2 Year Fixed 3.99% pa 4.61% pa 4.77% pa
3 Year Fixed 4.09% pa 4.58% pa 4.72% pa
4 Year Fixed 4.64% pa 4.72% pa 4.85% pa
5 Year Fixed 4.64% pa 4.72% pa 4.83% pa
  Investment
Variable Interest Rates
  LVR of 80% or less LVR greater than 80%
  Interest Rate (p.a.) Comparison Rate (p.a.)1,2 First Home Buyer Comparison Rate (p.a.)1,2 Interest Rate (p.a.) Comparison Rate (p.a.)1,2 First Home Buyer Comparison Rate (p.a.)1,2
Education Package Home Loan 4.39% pa 4.70% pa 4.68% pa 4.59% pa 4.90% pa 4.88% pa
Complete Home Loan 4.49% pa 4.54% pa 4.50% pa 4.69% pa 4.74% pa 4.70% pa
Standard Home Loan 5.19% pa 5.24% pa N/A 5.39% pa 5.44% pa N/A
 
Equity Line of Credit Home Loan 5.29% pa N/A        

 

Fixed Interest Rates3
  Interest Rate (p.a.) Comparison Rate (p.a.)1,2
LVR of 80% or less
Comparison Rate (p.a.)1,2
LVR greater than 80%
Education Package Home Loan
1 Year Fixed 4.24% pa 4.69% pa 4.87% pa
2 Year Fixed 4.24% pa 4.68% pa 4.84% pa
3 Year Fixed 4.29% pa 4.68% pa 4.82% pa
4 Year Fixed 4.84% pa 4.86% pa 4.99% pa
5 Year Fixed 4.84% pa 4.89% pa 5.00% pa
Complete Home Loan
1 Year Fixed 4.34% pa 4.52% pa 4.70% pa
2 Year Fixed 4.34% pa 4.51% pa 4.67% pa
3 Year Fixed 4.39% pa 4.51% pa 4.66% pa
4 Year Fixed 4.94% pa 4.69% pa 4.82% pa
5 Year Fixed 4.94% pa 4.72% pa 4.84% pa
Standard Home Loan
1 Year Fixed 4.34% pa 5.15% pa 5.33% pa
2 Year Fixed 4.34% pa 5.08% pa 5.24% pa
3 Year Fixed 4.39% pa 5.02% pa 5.17% pa
4 Year Fixed 4.94% pa 5.15% pa 5.28% pa
5 Year Fixed 4.94% pa 5.13% pa 5.25% pa

 

 

Personal Loans

Interest Rates effective 3 July 2017.

  Variable Interest Rates
  Variable Interest Rate (p.a.) Comparison Rate (p.a.)2
Personal Loan 11.74% pa 12.37% pa4
Green Personal Loan 9.35% pa 9.97% pa4
Share Loan 10.25% pa 10.87% pa4
Overdraft 13.19% pa N/A
  Fixed Interest Rates
Fixed Interest Rates (p.a.)7
  Interest Rate (p.a.) Comparison Rate (p.a.)2
Share Loan
1 Year Fixed 10.25% pa 10.87% pa4
2 Year Fixed 10.25% pa 10.87% pa4
3 Year Fixed 10.25% pa 10.87% pa4
4 Year Fixed 10.25% pa 10.87% pa4
5 Year Fixed 10.25% pa 10.87% pa4
Personal Loan
1 Year Fixed 11.74% pa 12.37% pa4
2 Year Fixed 11.74% pa 12.37% pa4
3 Year Fixed 11.74% pa 12.37% pa4
4 Year Fixed 11.74% pa 12.37% pa4
5 Year Fixed 11.74% pa 12.37% pa4
Green Personal Loan
1 Year Fixed 9.35% pa 9.97% pa4
2 Year Fixed 9.35% pa 9.97% pa4
3 Year Fixed 9.35% pa 9.97% pa4
4 Year Fixed 9.35% pa 9.97% pa4
5 Year Fixed 9.35% pa 9.97% pa4

 

 

Car Loans

Car Loan Interest Rates effective 3 July 2017.

  Variable Interest Rates
  Variable Interest Rate (p.a.) Comparison Rate (p.a.)2
New Car Loan (L35) 8.79% pa 8.92% pa6
Used Car Loan (L32) 9.79% pa 10.41% pa5
Green Car Loan (L26) 8.29% pa 8.42% pa6
  Fixed Interest Rates
Fixed Interest Rates
  Fixed Interest Rate (p.a.)7 Comparison Rate (p.a.)2
New Car Loan
1 Year Fixed 8.79% pa 8.92% pa6
2 Year Fixed 8.79% pa 8.92% pa6
3 Year Fixed 8.79% pa 8.92% pa6
4 Year Fixed 8.79% pa 8.92% pa6
5 Year Fixed 8.79% pa 8.92% pa6
Used Car Loan
1 Year Fixed 9.79% pa 10.41% pa5
2 Year Fixed 9.79% pa 10.41% pa5
3 Year Fixed 9.79% pa 10.41% pa5
4 Year Fixed 9.79% pa 10.41% pa5
5 Year Fixed 9.79% pa 10.41% pa5
Green Car Loan
1 Year Fixed 8.29% pa 8.42% pa6
2 Year Fixed 8.29% pa 8.42% pa6
3 Year Fixed 8.29% pa 8.42% pa6
4 Year Fixed 8.29% pa 8.42% pa6
5 Year Fixed 8.29% pa 8.42% pa6

 

 

Credit Cards

Credit Card Interest Rates effective 3 July 2017.

  Interest Rates
  Purchase Variable
Interest Rate (p.a.)
Balance Transfer
Variable Interest Rate (p.a.)
Cash Advance
Variable Interest Rate (p.a.)
Visa Platinum Credit Card (S6) 9.99% pa 9.99% pa 19.99% pa
Visa Classic Credit Card (S7) 12.94% pa 12.94% pa 12.94% pa

 

Terms and Conditions

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

 


Important Information

Promotional interest rates available for car loan applications received between 1 July 2016 - 30 September 2017 and funded by 31 October 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.
1. Comparison rate calculated on a secured loan amount of $150,000 for a term of 25 years.
2. 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.
3. Rates are indicative only. Fixed Rates are fixed at the date of funding or may be fixed at the date of application by paying a fixed rate lock fee. Conditions apply.
4. Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years.
5. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years.
6. Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years.
7. 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 available on request