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Teachers' Life Car Loans
The Teachers’ Life Car Loan has been designed to offer great benefits to teachers; whether you want to buy a shiny new car or a used car. If you are a new teacher we even offer a two month deferred payment option to help you get started.
- No monthly account keeping fees
- No deposit required
Benefits include:
- 8.95%pa (comparison rate 9.13%*) for cars less than 2yrs old#1
- 9.95%pa (comparison rate 10.13%**) for cars over 2yrs old#2
- 12 in 10 flexible repayment option; assistance in showing how you can put more into repayments, allowing you a break from repayments during the holidays.
- New teacher two month deferred initial repayment option.
- Repayment pause can be applied for if you take a long holiday, take a break between teaching contracts or have a baby.
- Receive a relationship rebate that covers transaction activity on your Current Account.
- No early payout fee.
A Product Disclosure Statement (PDS) is available for this product and you should read the PDS before making any decisions about the product. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances.
*Comparison rate calculated on a loan amount of $30,000 over a term of 5 years based on monthly repayments. These rates are for secured and unsecured loans.**Car must be less than 10yrs old at final repayment date of the loan.
#1 Special Offer - Rate is Teachers' Life 2011 Promo Car Loan (under 2yrs) rate.
#2 Special Offer - Rate is Teachers' Life 2011 Promo Car Loan (over 2yrs) rate.