Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$519
based on $25,000 loan amount for 5 years at 8.99%
Pros and cons
For Unsecured Car Loan
Benefits
- No ongoing fees
- Application fees ranked in the lowest 20%
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- No security required
- Can apply online
- Suitable for both new or used car
Drawbacks
- Cannot apply in branch
Teachers Mutual Bank Rate Car loan overview
For Unsecured Car Loan
Details
Total repayments $31,130 | Interest rate type Variable |
Borrowing range $5k - $80k | Security type Unsecured |
Loan term 0.5 to 6 years | Secured by |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Age of car up to 10 years | Target Market Determination Visit Teachers Mutual Bank 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 $100 | Ongoing Fee $0 |
Missed Payment Penalty $10 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Other Restrictions
car age < 10 years old