Teachers Mutual Bank
Car Loan
With our car loan you can buy the car of your dreams, whether it's a new or used car up to 10 years old.
Personal loansBank updated 13 July 2026
At a glance
- Variable
- 9.99% · 10.21% comparison
- Loan size
- $5,000 to $80,000
- Upfront fee
- $150
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableLoan term up to 6 years. Comparison rates quoted are based on $30,000 for a term of 5 years for Car Loans. Products quoted are unsecured except Car Loans over $50,000 are secured. WARNING: This compa… | P&I | — | — | 9.99% | 10.21% | — |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| APPLICATION_FEE | Upfront | $150 | — | This fee is applicable when the loan is funded. Personal Loan Application Fee Waiver |
§ 03 — Features
RedrawDigital banking
- · No ongoing fees
- · Choose weekly, fortnightly or monthly repayments
- · Make extra repayments
- · A competitive variable interest rate
- · Accessories like a car navigation system, alarm and your car insurance can be added to the loan
- · No fee for early repayment
- · Loan can be used to buy towable caravans, boats, motor cycles or classic cars
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Individuals must be citizens or permanent residents of Australia.
- · Available to individuals
- · Amount $5,000 to $80,000
- · You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
- · All applications for credit are subject to responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions online or from any of our offices.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Teachers Mutual Bank under the Consumer Data Right, last changed by them on 13 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.