Important disclosure

Transport Mutual Credit Union Limited

New Car Loan

Real Time Rating™

  • From $5k
  • 1 to 7 years
  • Variable Rate
  • Secured
Interest Rate

7.14%

p.a

Comparison Rate*

7.45%

p.a

Real Time Rating™
Tags
  • From $5k
  • 1 to 7 years
  • Variable Rate
  • Secured
Interest Rate

7.14%

p.a

Comparison Rate*

7.45%

p.a

Calculate your repayments for this loan

$

Your estimated repayment

$596

based on $30,000 loan amount for 5 years at 7.14%

Pros and cons

For FastRoad New Car Loan

Benefits

  • Lower than average rate
  • No ongoing fees
  • No early exit penalty
  • Unlimited extra repayments
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Fast time to funding
  • Approval is instant

Drawbacks

  • Higher than average application fee
  • Limited to new cars

Transport Mutual Credit Union Rate Car loan overview

For FastRoad New Car Loan

Details

Total repayments

Interest rate type

Variable

Borrowing range

$5k - $100m

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

Target Market Determination

Visit Transport Mutual Credit Union Limited to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$220

Ongoing Fee

$0

Missed Payment Penalty

$25

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Other Restrictions

0 to 5 years old

Promoted car loans

Promoted

Lower Rate

Car Loan (Car > 5 Years)

Real Time Rating™
  • $3k to $50k
  • 1 to 5 years
  • Variable Rate
  • Secured
Interest Rate

9.74%

p.a

Comparison Rate*

9.95%

p.a

Promoted

Secured

Used Car Loan (Car < 10 Years)

Real Time Rating™
  • $1k to $80k
  • 0 to 7 years
  • Variable Rate
  • Secured
Interest Rate

10.70%

p.a

Comparison Rate*

11.35%

p.a

Promoted

Generic

New Car Loan

  • Via broker
  • $10k to $250k
  • 1 to 7 years
  • Fixed Rate
Interest Rate

From

6.52%

p.a

up to 18%

Comparison Rate*

From

6.95%

p.a