Car loans

Secured new car loan

You can use your new car purchase as security so you get a great low interest rate with our Secured Car Loan.
 
Our Secured New Car Loan is also a multi - award winner!

Our Secured New Car Loan has received 5 stars for outstanding value in the Car Loans category. The award is based on the CANSTAR CANNEX ratings released in January 2012¹.

It has also received a “Gold Medal for Best Overall Loan” – Credit Unions & Building Societies – for Secured New Car Loans from Your Money Magazine (September 2011).

 

Features of the secured car loan:

	A discounted interest rate.
	No ongoing fees.
	The ability to pay your loan off faster by making unlimited lump sum payments.
	Free redraw facility.
	A choice of weekly, fortnightly or monthly repayments.
	Accessories like a car navigation system, alarm and your car insurance can be added to the loan.
	Loan term up to 8 years, depending on amount borrowed: Loan amount Loan term  Up to $30,000 5 years  $30,001 to $50,000 6 years  $50,001 to $65,000        7 years  $65,001 to $80,000        8 years

 

Car loan

With our car loan you can buy the car of your dreams - whether it be a new vehicle, a used vehicle less than 10 years old or a classic car over 30 years old. Plus you can even take advantage of our great rates to refinance a current car loan.

Features of the car loan:

	No ongoing fees.
	The ability to pay your loan off faster by making unlimited lump sum payments.
	Free redraw facility.
	A choice of weekly, fortnightly or monthly repayments.
	You can add accessories like a car navigation system, alarm and your car insurance to the loan.
	You can also use this loan to buy towable caravans, boats, motor cycles or classic cars.
	Loan term up to 6 years.

Rates and fees

Effective 20 December 2012 on new loans and 1 February 2013 on existing loans.
	Secured new car loan	Car loan
	For new cars	For vehicles, boats and caravans up to 10 years old
Variable annual percentage rate	8.39%	9.95%
Comparison rate*	8.71%	10.63%
Fees and charges
Application fee		$100
Documentation fee (secured only)		$125
Monthly fees		No
Redraw fee		No
Penalty for early repayment		No

*The comparison rate quoted is based on $10,000 for a term of 3 years with monthly repayments for Car Loan and $30,000 for a term of 5 years for Secured New Car Loans. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Have you considered?

To make the most of your car loan, have you considered?

Teachers Car Buying Service

Buying a car takes time and energy. If you know what you’re after Teachers Car Buying Service can do all the running around for you. 

Insurance for your new car

We offer CTP, third party and comprehensive car insurance and you can add the cost of the insurance to your car loan. How easy is that!

Protecting your repayments

What would happen if you got sick, had an accident or became unemployed – how would you make your repayments? Loan Repayment Insurance is a once off premium that will cover your repayments should you be unable to make them. For peace of mind, check out our Loan Repayment Insurance.

Automating your repayments

We can set your repayments up so they are made automatically, giving you one less thing to think about. Let us know when you apply for your loan and we can set them up.

Before you apply

Allow 10-15 minutes to complete an application and have the following ready:

• current payslips
• drivers licence details
• details of regular expenses eg other loans and credit cards
• details of any other income you might receive.

 

Apply for a car loan

There are three easy ways to apply for a car loan.

1. Online - It is quick, easy and secure. Remember to save your application so you can retrieve it any time.
> Apply online now    > Retrieve an application

2. Phone - Call 13 12 21 8am to 7pm, weekdays or 9am to 3pm, Saturday.

3. Paper - Complete the application and return it with supporting documentation.
> Download and print the application