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- Car Loan
Car Loan
- $5k to $50k
- 1 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
7.99%
up to 12.99%
Comparison rate* p.a.
8.27%
Car Loan
- $5k to $50k
- 1 to 7 years
- New or used car
- Fixed Rate
Interest rate p.a.
7.99%
up to 12.99%
Comparison rate* p.a.
8.27%
Calculate your repayments for this loan
$
Your estimated repayment
$608
based on 30000 loan amount for 5 years at 7.99%
Pros and Cons
For Car Loan
Benefits
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Suitable for both new or used car
Drawbacks
- Higher than average application fee
The Mutual Bank Rate Car Loan overview
For Car Loan
Details
Total repayments
$36,489
Interest rate type
Fixed
Borrowing range
$5k - $50k
Security type
Secured
Loan term
1 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Monthly, Weekly, Fortnightly
Age of car
up to 6 years
Target Market Determination
Visit The Mutual Bank 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
$200
Ongoing Fee
$0
Missed payment penalty
$50
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Other Restrictions
Loans must be secured with either new or used vehicle (up to six years of age).
