Toyota Money

Loan Types

Toyota Money has a straight forward selection of loans all at competitive rates to make the choice easy for you:

Fixed Rate Home Loan
You have the option of fixing your interest rate for one, two, three or five years.  With a fixed rate you know exactly how much your repayments will be with the added security of knowing your repayments will not change for the fixed period of the loan.

Variable Rate Home Loan
Our competitive variable rate loan provides you with the most flexibility in terms of making extra repayments and redraws when ever you require and with no hidden fees.

Split Rate Home Loan
Allows you to split your loan into a combination of fixed and variable rate.  You decide how much you want to finance under each rate.


Product Matrix:

Variable Rate Fixed Rate Split Loan
Minimum Loan Size $20,000 $20,000 $20,000
Maximum Loan Size No maximum No maximum No maximum
Maximum LVR 95% with mortgage insurance 95% with mortgage insurance 95% with mortgage insurance
Repayment Structure Principal & Interest / Interest Only Principal & Interest / Interest Only Principal & Interest / Interest Only
Maximum Loan Term 30 Years 30 Years 30 Years
Maximum Interest Only Term 10 Years for Owner Occupied / 30 Years for Investment purposes 5 Years although Interest Only terms can be aligned to any fixed rate 5 Years although Interest Only terms can be aligned to any fixed rate
Valuation Fee From $226 for metropolitan properties up to $1 million From $226 for metropolitan properties up to $1 million From $226 for metropolitan properties up to $1 million
Solicitor Fee From $424 From $424 From $424
Account Keeping Fee No ongoing account keeping fees No ongoing account keeping fees No ongoing account keeping fees
Repayment Frequency Weekly, Fortnightly or Monthly Weekly, Fortnightly or Monthly
(Only monthly repayments are available for fixed rate interest only)		 Weekly, Fortnightly or Monthly
(Only monthly repayments are available for fixed rate interest only)
Repayment Options Direct Debit or Salary Credit Direct Debit or Salary Credit Direct Debit or Salary Credit
Telephone Banking Yes Yes Yes
Internet Account Access Yes Yes Yes
Redraw Yes No Yes – on variable rate component only

© Toyota Finance Australia Limited 2007.