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Firefighters Mutual Bank Car Loan

Advertiser disclosure

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: $10,000 $80,000

  • Loan: $5,000 $80,000

Interest rate from
4.99% p.a.
Comparison rate from
5.13% p.a.based on $30,000
over 5 years
Upfront fee
$100
Interest rate from
8.99% p.a.
Comparison rate from
9.13% p.a.based on $30,000
over 5 years
Upfront fee
$100

Mozo editorial review Firefighters Mutual Bank Car Loan - last updated: 20 September 2021

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What's hot
  • 4.99% fixed rate (5.13% comparison rate*)
  • Extra repayments allowed
  • Redraw facility
What's not
  • $100 upfront fee
Mozo snapshot

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.

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Key features

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.

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Who is it good for

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.

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Any catches

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. 

Details

Rates and fees information correct as at 21 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Fixed

4.99% p.a. fixed

5.13% p.a.based on $30,000
over 5 years

Fees

$100.00

$0.00

$10.00

$0.00

At cost

Other financial bits

$10,000.00

$80,000.00

3 Years

6 Years

Vehicle

Features

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.

Details

Rates and fees information correct as at 21 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

8.99% p.a.variable

9.13% p.a.based on $30,000
over 5 years

Fees

$100.00

$0.00

$10.00

$0.00

0

Other financial bits

$5,000.00

$80,000.00

0 Years

8 Years

Vehicle

Features

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.

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