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Teachers Mutual Bank personal loans
Teachers Mutual Bank is a customer-owned bank based in New South Wales. Teachers Mutual provides credit cards, savings accounts, insurance and loans for its members.
Teachers Mutual Bank was formed by nine teachers in 1966 as the Hornsby Teachers Credit Union. By 1980 it had grown to become the largest credit union in Australia.
Today, Teachers Credit Union serves over 165,000 members and operates offices across several states.
Personal Finance Editor
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Why choose Teachers Mutual Bank
Teachers Mutual Bank Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a Teachers Mutual Bank personal loan
Teachers Mutual Bank offers a range of personal loans that can be used for travel, car purchases, home renovations and even debt consolidation. Teachers Mutual Bank offers secured and unsecured loans with variable and fixed interest.
Teachers Mutual Bank has personal loans of up to $80,000. The loan features vary depending on the loan you choose, but several Teachers Mutual Bank personal loans allow additional repayments, flexible payment schedules and free redraw facility.
Teachers Mutual Bank personal loans – customer service
Customers can contact Teachers Mutual Bank via phone, email or within any Teachers Mutual Bank office. Customer service is available on weekdays from 8am to 7pm and on Saturdays from 9am to 3pm.
Who is eligible for a Teachers Mutual Bank personal loan?
- Must be a permanent Australian resident
- Must be aged 18 years or over
How to apply for a Teachers Mutual Bank personal loan?
- Click ‘Apply’
- Choose either ‘I’m a member’ or ‘I’m not a member’
- Complete the online application form
- Submit the online application form
Teachers Mutual Bank personal loans review
Teachers Mutual Bank is a personal loan lender that offers a range of secured and unsecured personal loans. Several loans have been designed for specific uses, such as travel, car purchases or debt consolidation. Teachers Mutual Bank personal loans have a maximum amount of $80,000.
Although Teachers Mutual Bank does not charge ongoing fees, customers are charged an initial application fee.
Many personal loans offered by Teachers Mutual Bank allow additional repayments and early payout, free redraw and flexible repayment options. Repayments can be made weekly, fortnightly or monthly.
Teachers Mutual Bank personal loan rates vary depending on the loan you choose. In general, its current personal loan interest rates range from moderate to moderately high. Borrowers typically receive lower personal loan interest rates on secured loans.
It’s important to compare personal loan rates before applying to find the best personal loan rates for you.
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