The Mutual Bank - Used Car Loan
Secured | Fixed
The Mutual Bank Used Car Loan offers an advertised interest rate of 8.99% p.a. and a comparison interest rate of 9.28% p.a.. The Mutual Bank Used Car Loan is a Fixed rate, Secured loan with a borrowing range of between $5,000 and $50,000 and a loan repayment term of between 1 and 7 years.
More The Mutual Bank Used Car Loan details can be found below or visit The Mutual Bank to learn more or apply.
A Secured loan with an advertised rate from 8.99% p.a. and comparison rate from 9.28% p.a..
Advertised Rate
8.99% p.a. Fixed
Comparison Rate
9.28% p.a.
Loan Term
1 to 7 years
Borrowing Range
$5,000 to $50,000
Interest
Rate Type
Fixed
Advertised Rate
8.99% p.a.
Fixed
Comparison Rate
9.28% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$5,000 to $50,000
Repayment
Fortnightly, Weekly, Monthly
Fees
Establishment Fee
$200
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
This product has been designed for individual / joint individual borrowing members wanting:
- Customers want to purchase a new car or refinance an existing new car loan from another financial institution.
- A loan that offers consistent Principal & Interest repayment amounts to be paid until the end of the loan term.
- A loan that allows unlimited extra repayments without costs.
- A loan that allows access to redraw repayments made in advance.
- A loan with no ongoing loan fees.
Visit The Mutual Bank to view Target Market Determination Effective From: 2024-08-07.
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