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Fixed from 7.99 % p.a. Interest rate 8.27 % p.a. Comparison rate

Drive away with a New Car Loan

Buying a new car is a big moment and we’re here to help make it simple. With a competitive fixed interest rate, no monthly or annual fees and the flexibility to pay off your loan early without penalties, our New Car Loan puts you in the driver’s seat.

Whether you're upgrading, buying a new vehicle or refinancing a loan for a car less than three years old, you can enjoy terms of up to seven years and an easy, straightforward application process. It’s all about giving you the freedom to hit the road on your own terms.

So, what are the perks?

How to Apply

Getting started is easy – and only takes a few minutes.

Money management tools

Want to explore the numbers? Estimate your loan repayments, borrowing power and more with our range of helpful calculators.

View all our online calculators

Features, Rates and Further Information

Product Features:

Personal Loans
Minimum amount : $5,000
Maximum amount : $50,000
Loan period : Up to 7 years
Repayments : Weekly, fortnightly or monthly fixed repayments
Interest charges : Calculated daily, charged monthly
Redraw : Minimum redraw $1,000 - online or staff assisted
  Interest rate Comparison rate
New car loan Fixed from 7.99% p.a. 8.27% p.a.
Document or Information View or Download
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You're gonna love us

The Mutual Bank has been supporting regional communities with trusted banking for over 135 years

We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.

Looking for something else?

View and compare our Personal and Car Loans

Need more support? We're here to help

  • 1 The interest rate offered to you will be personalised depending on our credit assessment of your financial situation. The interest rate shown is the minimum interest rate that may be applicable.
  • 2 Comparison rate is based on a secured loan of $30,000 over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
  • 3

    Access to redraw funds is subject to The Mutual Bank’s discretion and the terms of your loan agreement. If approved, any repayments made in excess of the minimum monthly required amount may be available for redraw via electronic banking or with assistance from bank staff. The minimum amount that can be redrawn is $1,000.

Maitland Mutual Limited trading as The Mutual Bank ABN 94 087 651 983 acts under its own AFSL and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice is general only and does not take into account your personal circumstances. Consider the Product Disclosure Statement (PDS) and Target Market Determinations (TMDs) available in branch or from the CGU website here to see if the product is right for you.

If you purchase an insurance policy, The Mutual Bank will receive a commission.