For your first car or your next car, we’ve got a Car Loan that will help you get from A to B faster.

When you credit your salary to your Victoria Teachers Mutual Bank account you’ll receive a great discounted rate across our entire Car Loan range.

  • Choice of New, Used or Green Car Loans available.
  • Fixed or variable rates.
  • No monthly fees.
  • Low $90 establishment fee.
Fixed Term Interest rate (p.a) 1 Year 2 Year 3 Year 4 Year 5 Year
New Car 5.79% 5.79% 5.79% 5.79% 5.79%
Comparison Rate (p.a.) 7.79%1 6.96%1 6.38%1 6.03%1 5.91%1
           
Variable Interest Rate (p.a.)          
New Car 5.79%        
Comparison Rate (p.a.) 5.91%1        
Fixed Term Interest rate (p.a) 1 Year 2 Year 3 Year 4 Year 5 Year
Used Car 6.79% 6.79% 6.79% 6.79% 6.79%
Comparison Rate (p.a.) 8.72%2 7.74%2 7.40%2 7.40%2 7.40%2
           
Variable Interest Rate (p.a.)          
Used Car 6.79%        
Comparison Rate (p.a.) 7.40%2        
Fixed Term Interest rate (p.a) 1 Year 2 Year 3 Year 4 Year 5 Year
Green Car 5.29% 5.29% 5.29% 5.29% 5.29%
Comparison Rate (p.a.) 7.30%1 6.46%1 5.88%1 5.53%1 5.41%1
           
Variable Interest Rate (p.a.)          
Green Car 5.29%        
Comparison Rate (p.a.) 5.41%1        
Discounted New Car Loan | 5.79% Per annum | 5.91%¹ Comparison Rate

It’s easy to arrange for your salary to be credited to Victoria Teachers Mutual Bank.

 

Complete the Crediting Pay or Income Form and email to customerrelations@victeach.com.au.

You can also update your payroll details in Edupay, ask your Business Manager for more details.