Victoria Teachers Mutual Bank car loan reviews

Victoria Teachers Mutual Bank
Victoria Teachers Mutual Bank's overall rating for car loans

(as rated by the Mozo community)

8.8 / 10

based on 5 reviews

Price

Features

Customer service

Convenience

Trust

Full review

Featured car loan from Victoria Teachers Mutual Bank

Recent Victoria Teachers Mutual Bank car loan reviews

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Sherrie (VIC), reviewed over 1 year ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank Discounted Used Car Loan (Variable, Full Salary Credit) 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

Less

Mark (VIC), reviewed about 2 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Karyn (VIC), reviewed over 2 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank Discounted Green Car Loan (Fixed, Full Salary Credit) 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

Less

Jessie (VIC), reviewed over 2 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Mozo reviewer (QLD), reviewed about 3 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Stuart (VIC), reviewed over 4 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Robyn (VIC), reviewed over 4 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Daniel (VIC), reviewed almost 5 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Janice (VIC), reviewed over 5 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Colin (VIC), reviewed almost 6 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Elizabeth (VIC), reviewed almost 6 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Brooke (VIC), reviewed almost 7 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

David (NSW), reviewed about 7 years ago

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank 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

Less

Bree (NSW), reviewed almost 8 years ago

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Car loan comparisons on Mozo Rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2016

    People's Choice Credit Union Discounted Personal Loan (New cars over $20k, Fixed)

    People's Choice Credit Union Discounted Personal Loan (New cars over $20k, Fixed)

    • No monthly account fees
    • No penalties for early repayments
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    5.64% p.a.

    comparison rate*

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    • No monthly account fees
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    • Flexible loan terms and repayment options
    • Upfront fees: $250
    • Monthly fee: $0.00
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    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $20,000.00
    • Maximum loan amount: $100,000.00
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  • RACV New Car Loan (Fixed)

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    • Fast approval secure personal loan
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    6.20% p.a.to 15.00% p.a.

    comparison rate*

    6.73% p.a.to 15.58% p.a.based on $30,000
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    Fees

    $378.00 upfront: $0.00/month

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    • No ongoing fees
    • Fast approval secure personal loan
    • Choose to repay over 1 to 7 years
    • Upfront fees: $378
    • Monthly fee: $0.00
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    • Security required: Vehicle
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  • RACQ New Car Loan (Fixed)

    RACQ New Car Loan (Fixed)

    • No monthly fees
    • Choose loans terms from 1 to 7 years
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    Interest rate

    6.20% p.a.

    comparison rate*

    6.73% p.a.based on $30,000
    over 5 years

    Fees

    $378.00 upfront: $0.00/month

    Go to site

    More info

    • No monthly fees
    • Choose loans terms from 1 to 7 years
    • Apply online
    • Upfront fees: $378
    • Monthly fee: $0.00
    • Exit fee:
    • Repayment options: Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $15,000.00
    • Maximum loan amount:
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
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  • CUA Fixed Rate Car Loan (Up to 2 years old, over $15k)

    CUA Fixed Rate Car Loan (Up to 2 years old, over $15k)

    • Apply online and get a response in 30 seconds
    • No penalties for early payout or extra repayments
    • No monthly fees

    Interest rate

    6.79% p.a.

    comparison rate*

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

    Fees

    $90.00 upfront: $0.00/month

    Go to site

    More info

    • Apply online and get a response in 30 seconds
    • No penalties for early payout or extra repayments
    • No monthly fees
    • Upfront fees: $90
    • Monthly fee: $0.00
    • Exit fee: $200.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $15,000.00
    • Maximum loan amount: $100,000.00
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  • Hunter United Low Rate Car Loan (Up to 5 years old, Variable)

    Hunter United Low Rate Car Loan (Up to 5 years old, Variable)

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    Interest rate

    6.99% p.a.

    comparison rate*

    7.91% p.a.based on $30,000
    over 5 years

    Fees

    $250.00 upfront: $8.00/month

    Go to site

    More info

    • Borrow $20,000 & pay as little as $70 p.w. (over 7 years)
    • Loans from $10,000-$100,000
    • Great rates for older cars too
    • Upfront fees: $250
    • Monthly fee: $8.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Security required: Vehicle
    • Minimum loan amount: $10,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
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    8.0

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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 for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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