The Teachers Mutual Bank Car Loan offers rates from 9.99% p.a. (10.21% p.a. comparison rate*). on loans of $5,000 to $80,000.
Updated 10 July 2025
* See details below
The Teachers Mutual Bank Car Loan is a secured loan. It offers a variable interest rate of 9.99% p.a. The comparison rate is 10.21% p.a.. Loan amounts range from $5,000 to $80,000. Terms are flexible, lasting from 1 to 6 years. There is an establishment fee of $150. No ongoing monthly fees apply. This makes it a simple option for financing your vehicle purchase.
This car loan is great for individuals who want flexible repayment options. It also offers potential cost savings over the life of the loan. You can redraw any extra repayments made earlier. There are no penalties or fees for paying off the loan early. This gives you greater control over your financial commitments.
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$0 annual fee
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No early repayment fee
Other fees may apply.
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Fixed rate of 9.99% p.a.
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From $5,000 to $80,000
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1, 2, 3, 4, 5 or 6 years
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Secured loan
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Redraw extra repayments that you have made
Before applying for this product, you should read the Target Market Determination (TMD) available here on the Teachers Mutual Bank website.