The details shown below are for a fixed loan between $10,000 and $80,000
The details shown below are for a variable loan between $5,000 and $80,000
Choose the version of this loan that suits you best
| Loan type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
|
|
Fixed | Car Loan (Fixed, Secured) | $10,000 | $80,000 |
|
|
Variable | Car Loan (Variable, Secured) | $5,000 | $80,000 |
Loan: $10,000 $80,000
Loan: $5,000 $80,000
Want a car loan that lets you choose what’s best for you? Meet the Firefighters Mutual Bank Car Loan. From a fixed or variable rate, a range of borrowing amounts and loan terms to handy repayment features, there are plenty of options with this product. Plus, there are only a small bunch of fees to worry about, which could end up saving you over the life of the loan.
What's more - the Firefighters Mutual Bank Car Loan has taken home a 2022 Mozo Experts Choice Award.
There are two options with the Firefighters Mutual Bank Car Loan: a fixed or variable rate. Depending on what interest rate you choose, some fees and features vary.
Let’s break it down:
For the fixed rate option, customers receive a low 4.99% (5.13% comparison rate*). Loan amounts range from $10,000 to $80,000 and loan terms are between 3 and 6 years.
With the variable rate option, Firefighters Mutual Bank offers a higher interest rate at 8.99% (9.13% comparison rate*). While the rate is less competitive, this loan allows customers to borrow between $2,000 and $80,000 and offers a wider range of loan terms from 1 to 8 years.
When it comes to repayments, both the fixed and variable loan options practically work in the same way. Each offers a weekly, fortnightly or monthly repayment schedule as well as the option of extra repayments and redraws. One thing to be mindful of though is that on the fixed rate loan there is an early repayment penalty if you pay down your debt ahead of time.
There are also no ongoing service or exit fees attached to either loan, but there is a $100 upfront application fee and $10 late payment charge if you miss a regular repayment.
This loan is a good option for someone looking for repayment flexibility and plenty of options on their loan. No matter whether you choose a fixed or variable rate - there are ways to personalise the Firefighters Mutual Bank Car Loan to suit you and your budget.
While the fixed rate option has a lower rate, there are less options when it comes to borrowing amounts and loan terms.
Also remember, this loan is designed for the purchase of a vehicle only - if you need a personal loan for another large purchase a Firefighters Mutual Bank All Purpose Loan may suit you better.
|
Fixed |
|
|
4.99% p.a. fixed |
|
|
5.13% p.a.based on $30,000 |
|
$100.00 |
|
|
$0.00 |
|
|
$10.00 |
|
|
$0.00 |
|
|
At cost |
|
$10,000.00 |
|
|
$80,000.00 |
|
|
3 Years |
|
|
6 Years |
|
|
Vehicle |
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
Minimum loan amount is $10,000 for 3-6 year fixed terms. |
|
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
|
Variable |
|
|
8.99% p.a.variable |
|
|
9.13% p.a.based on $30,000 |
|
$100.00 |
|
|
$0.00 |
|
|
$10.00 |
|
|
$0.00 |
|
|
0 |
|
$5,000.00 |
|
|
$80,000.00 |
|
|
0 Years |
|
|
8 Years |
|
|
Vehicle |
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
yes |
|
|
none |
|
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.89% p.a.
6.39% p.a.to 8.49% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
5.95% p.a.to 17.45% p.a.
6.79% p.a.to 17.86% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
loans.com.au
New Car Loan - Prime Special
6.09% p.a.
6.64% p.a.based on $30,000
over 5 years
Latitude
Car Loan
6.99% p.a.
8.24% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
4.49% p.a.to 13.59% p.a.
5.31% p.a.to 14.49% p.a.based on $30,000
over 5 years
Great Southern Bank
Secured Car Loan (Fixed)
6.79% p.a.
7.16% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.89% p.a.
6.39% p.a.to 8.49% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
5.95% p.a.to 17.45% p.a.
6.79% p.a.to 17.86% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
