Bank First car loan reviews

Bank First
Bank First's overall rating for car loans

(as rated by the Mozo community)

8.9 / 10

based on 16 reviews

Price

Features

Customer service

Convenience

Trust

Featured car loan from Bank First

Recent Bank First car loan reviews

Bank First

Bank First car loan review

Overall rating   8 / 10

Would recommend them for a car loan

They were extremely helpful during the application process of my car loan.

Full review

They were extremely helpful during the application process of my car loan.

    Price   7 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   8 / 10

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Sherrie, Victoria, reviewed over 3 years ago

Bank First

Bank First Discounted Used Car Loan (Variable, Full Salary Credit, Secured) car loan review

Overall rating   9 / 10

VTMB gives banks a good name

You can bank on teachers to give you a wealth of knowledge, just like you can bank on VTMB to provide great personal service, great products and great rates. What more do you want from a bank.

Full review

You can bank on teachers to give you a wealth of knowledge, just like you can bank on VTMB to provide great personal service, great products and great rates. What more do you want from a bank.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   6 / 10

    Trust   8 / 10

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Mark, Victoria, reviewed about 4 years ago

Bank First

Bank First car loan review

Overall rating   7 / 10

Good accessibility

A little difficult initially, but very reliable.

Full review

A little difficult initially, but very reliable.

    Price   4 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   8 / 10

    Trust   7 / 10

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Karyn, Victoria, reviewed over 4 years ago

Bank First

Bank First Discounted Green Car Loan (Variable, Full Salary Credit, Secured) car loan review

Overall rating   10 / 10

Personalised loan with amazing interest rates

Amazing loan interest rate with my new green car, much less than anywhere else I researched.

Full review

Amazing loan interest rate with my new green car, much less than anywhere else I researched.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   0 / 10

    Trust   10 / 10

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Jessie, Victoria, reviewed over 4 years ago

Bank First

Bank First car loan review

Overall rating   10 / 10

I would recommend them to anyone!

I needed a new car ASAP as my good old faithful car was finally giving in part by part. I searched high & low to get myself the best possible new car loan I could, I was very fussy in what I wanted! I wanted a loan with no monthly fees...

Full review

I needed a new car ASAP as my good old faithful car was finally giving in part by part. I searched high & low to get myself the best possible new car loan I could, I was very fussy in what I wanted! I wanted a loan with no monthly fees whatsoever, low application fee, no fees for re-drawing, paying out early or making extra repayments, fixed interest rate & of course a low interest rate. I found Victoria teachers mutal bank met every single one of my needs & to top it off they had a promotion going with an extra low interest rate that was fixed for the first five years and then reverts back to their higher variable rate after the promotional period is over. I'm a very happy cusotmer & also have an everyday account with them.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Name not supplied, Queensland, reviewed about 5 years ago

Bank First

Bank First car loan review

Overall rating   8 / 10

Low interest and top customer service

My car loan had low interest rates, especially compared to the bigger banks. I was able to pay it off in no time at all. The only downfall of Victorian Teacher's Credit Union is there are only two branches, Camberwell and Moonee Ponds. Neither are...

Full review

My car loan had low interest rates, especially compared to the bigger banks. I was able to pay it off in no time at all. The only downfall of Victorian Teacher's Credit Union is there are only two branches, Camberwell and Moonee Ponds. Neither are really close to me and makes it difficult if you need to go in there, especially round full time work. However, their customer service of over the phone is excellent and I have rarely needed to go in.

    Price   9 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   2 / 10

    Trust   9 / 10

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Fiona, Victoria, reviewed over 6 years ago

Bank First

Bank First car loan review

Overall rating   9 / 10

Products and services next to none.

The rates were quite competitive, and the service was prompt and friendly.They also provided discount insurance as well. The competitive rates while good, were not the best rates around, however with the afore mentioned service and assistance,...

Full review

The rates were quite competitive, and the service was prompt and friendly.They also provided discount insurance as well. The competitive rates while good, were not the best rates around, however with the afore mentioned service and assistance, gave me no choice but to go with this product.

    Price   7 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   8 / 10

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Stuart, Victoria, reviewed over 6 years ago

Bank First

Bank First car loan review

Overall rating   9 / 10

great customer service

Friendly helpful staff = no question went unanswered, rang back when they said they would didn't have to wait looking at the phone.

Full review

Friendly helpful staff = no question went unanswered, rang back when they said they would didn't have to wait looking at the phone.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Robyn, Victoria, reviewed over 6 years ago

Bank First

Bank First car loan review

Overall rating   9 / 10

As a teacher starting out my career in January next year, I was in need of a car to get to work. Whilst one of the major banks rejected my car loan application based on my current (student and non-existent) income, Victoria Teachers Credit Union...

Full review

As a teacher starting out my career in January next year, I was in need of a car to get to work. Whilst one of the major banks rejected my car loan application based on my current (student and non-existent) income, Victoria Teachers Credit Union applied common sense and took my 2012 teaching contract as evidence that I could repay the loan comfortably. What's more, they allowed me to begin repayments in March! Common sense and great customer service has meant I'll be sure to go with Vic Teach when it's time to borrow money for a home. The big banks could learn something from the little guys!

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

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Daniel, Victoria, reviewed almost 7 years ago

Bank First

Bank First car loan review

Overall rating   8 / 10

I have found the loan, and the Bank to be extremely good.I have found none better.

Full review

I have found the loan, and the Bank to be extremely good.I have found none better.

    Price   6 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   7 / 10

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Stuart, Victoria, reviewed over 7 years ago

Bank First

Bank First car loan review

Overall rating   10 / 10

They Victoria Teachers credit union has very competitive rates. I have now had 4 car loans and have been able to pay these off earlier without penalty. Direct debit is fantastic option and you can get access to money from your car loan that you...

Full review

They Victoria Teachers credit union has very competitive rates. I have now had 4 car loans and have been able to pay these off earlier without penalty. Direct debit is fantastic option and you can get access to money from your car loan that you have paid off early. Convenient and reliable phone banking and internet. Friendly and helpful staff and other options for accounts and loans.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

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Janice, Victoria, reviewed over 7 years ago

Bank First

Bank First car loan review

Overall rating   10 / 10

They organised everything quickly with a minimum fuss.. I misunderstood the repayment schedule for a while and they sent me reminder letters (FREE!!!) WITHOUT penalty. I then set up auto payment and never missed again. They even "fixed" the last...

Full review

They organised everything quickly with a minimum fuss.. I misunderstood the repayment schedule for a while and they sent me reminder letters (FREE!!!) WITHOUT penalty. I then set up auto payment and never missed again. They even "fixed" the last payment so that it EXACTLY paid out the loan and it just DISAPPEARED!! Fantastic service. There was NO penalty for "overpayment" or early payout of the loan.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Colin, Victoria, reviewed almost 8 years ago

Bank First

Bank First car loan review

Overall rating   9 / 10

Strongly recommend if you are comfortable with internet banking. Very easy to pay off loan and no extra fees and charges. Staff are very helpful. Only negative point is that they only have one branch and it's difficult to make time to visit...

Full review

Strongly recommend if you are comfortable with internet banking. Very easy to pay off loan and no extra fees and charges. Staff are very helpful. Only negative point is that they only have one branch and it's difficult to make time to visit the branch if you work full time.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   8 / 10

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Elizabeth, Victoria, reviewed almost 8 years ago

Bank First

Bank First car loan review

Overall rating   8 / 10

Very friendly service and quick processing of loan.

Full review

Very friendly service and quick processing of loan.

    Price   7 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

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Brooke, Victoria, reviewed almost 9 years ago

Bank First

Bank First car loan review

Overall rating   10 / 10

Started with a competitive car loan and I've never looked back with VTCU. A very good value institution - simple to deal with and their insurance offers are a nice discount on market rate.

Full review

Started with a competitive car loan and I've never looked back with VTCU. A very good value institution - simple to deal with and their insurance offers are a nice discount on market rate.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

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David, New South Wales, reviewed about 9 years ago

Bank First

Bank First car loan review

Overall rating   8 / 10

VTCU always has competitive rates and their customer service is always great. The only inconvenience at times is needing to use the Commonwealth Bank to access my personal accounts.

Full review

VTCU always has competitive rates and their customer service is always great. The only inconvenience at times is needing to use the Commonwealth Bank to access my personal accounts.

    Price   8 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   9 / 10

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Bree, New South Wales, reviewed over 9 years ago

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Car loan comparisons on Mozo - rates updated daily

  • RACV New Car Loan (Fixed, Secured)

    RACV New Car Loan (Fixed, Secured)

    • No ongoing fees
    • Fast approval secure personal loan
    • Choose to repay over 1 to 7 years

    Interest rate

    5.99% p.a.to 15.00% p.a.

    comparison rate*

    6.55% p.a.to 15.61% p.a.based on $30,000
    over 5 years

    Fees

    $399.00upfront
    and
    $0.00/month

    Go to site

    More info

    • No ongoing fees
    • Fast approval secure personal loan
    • Choose to repay over 1 to 7 years
    • Upfront fees: $399
    • Monthly fee: $0.00
    • Exit fee:
    • Repayment options: Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $5,000.00
    • Maximum loan amount:
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Need more information?
    Go to site

    More info

  • Australian Military Bank Car Loan - Excellent Credit (Up to 5 years old, Variable, Secured)

    Australian Military Bank Car Loan - Excellent Credit (Up to 5 years old, Variable, Secured)

    • Tailored rates based on your personal credit history
    • Apply Online
    • No penalty for early repayments

    Interest rate

    5.71% p.a.to 8.66% p.a.

    comparison rate*

    6.57% p.a.to 10.07% p.a.based on $30,000
    over 5 years

    Fees

    $100.00upfront
    and
    $10.00/month

    Go to site

    More info

    • Tailored rates based on your personal credit history
    • Apply Online
    • No penalty for early repayments
    • Upfront fees: $100
    • Monthly fee: $10.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $1,000.00
    • Maximum loan amount: $80,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    6.3

    Based on 28 Australian Military Bank car loan reviews

    Need more information?
    Go to site

    More info

  • MyState Bank Secured Personal Loan (vehicles up to 2 years old, Variable)

    MyState Bank Secured Personal Loan (vehicles up to 2 years old, Variable)

    • Fast online conditional approval and same day funding available
    • Borrow anything from $10,000 to $75,000 with loan terms up to 10 years
    • Free online redraws and no penalties on early loan payout or lump sum payments

    Interest rate

    7.99% p.a.

    comparison rate*

    8.96% p.a.based on $30,000
    over 5 years

    Fees

    $200.00upfront
    and
    $10.00/month

    Go to site

    More info

    • Fast online conditional approval and same day funding available
    • Borrow anything from $10,000 to $75,000 with loan terms up to 10 years
    • Free online redraws and no penalties on early loan payout or lump sum payments
    • Upfront fees: $200
    • Monthly fee: $10.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Other, Vehicle
    • Minimum loan amount: $10,000.00
    • Maximum loan amount: $75,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 10 Years
    Overall rating

    8.7

    Based on 7 MyState Bank car loan reviews

    Need more information?
    Go to site

    More info

  • loans.com.au New Car Loan (Up to 2 years old, Fixed, Secured)

    loans.com.au New Car Loan (Up to 2 years old, Fixed, Secured)

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available

    Interest rate

    5.44% p.a.to 5.94% p.a.

    comparison rate*

    5.99% p.a.to 6.5% p.a.based on $30,000
    over 5 years

    Fees

    $400.00upfront
    and
    $0.00/month

    Go to site

    More info

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available
    • Upfront fees: $400
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 3 Years
    • Maximum loan term: 5 Years
    Need more information?
    Go to site

    More info

  • CUA Secured Car Loan (Fixed)

    CUA Secured Car Loan (Fixed)

    • $0 establishment fee for a limited time. Conditions apply. $90 Security Admin fee applies
    • No penalties for early payout or extra repayments. Free redraw.
    • No monthly fees

    Interest rate

    6.79% p.a.

    comparison rate*

    6.92% p.a.based on $30,000
    over 5 years

    Fees

    $90.00upfront
    and
    $0.00/month

    Go to site

    More info

    • $0 establishment fee for a limited time. Conditions apply. $90 Security Admin fee applies
    • No penalties for early payout or extra repayments. Free redraw.
    • No monthly fees
    • Upfront fees: $90
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    Overall rating

    8.8

    Based on 42 CUA car loan reviews

    Need more information?
    Go to site

    More info

*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. WARNING: 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.

Want more? Compare all 194 car loans in the Mozo comparison engine.

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*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. WARNING: 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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