- Home
- Personal Loans
- Companies
- Transport Mutual Credit Union
Transport Mutual Credit Union personal loans
Transport Mutual Credit Union is a small banking institution with only one branch to visit, located in Sydney, NSW.
Transport Mutual Credit Union has been serving members in Australia since 1964.
In addition to personal loans, Transport Mutual Credit Union offers its members a wide range of financial products, including savings accounts, everyday bank accounts, home loans and financial planning services.
Personal Finance Editor
Content updated
Product data updated
Why choose Transport Mutual Credit Union
Transport Mutual Credit Union 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
Total interest
$0
Total repayments
$0
- 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 Transport Mutual Credit Union personal loan
There is only one personal loan available from Transport Mutual Credit Union. This loan is an unsecured loan with a variable interest rate.
Personal loan interest rates from Transport Mutual Credit Union are high.
Applicants for a personal loan from Transport Mutual Credit Union will need to pay a low upfront fee to start.
Transport Mutual Credit Union’s borrowers do not have to pay ongoing monthly fees on their personal loans.
There is no early exit penalty fee for borrowers who want to pay off their Transport Mutual personal loan before the end of the term.
Transport Mutual Credit Union personal loans - customer service
Transport Mutual Credit Union has only one branch for its customers to visit, located near Sydney’s CBD.
Potential borrowers outside this area will need to use Transport Mutual Credit Union’s online or phone banking services.
Who is eligible for a Transport Mutual Credit Union personal loan?
Preference is given to applicants who meet the following criteria:
- Have good credit
- Show proof of employment and history of income
- Aged at least 18
- Australian resident
- Member of Transport Mutual Credit Union
How to apply for a Transport Mutual Credit Union personal loan
Applications for a Transport Mutual Credit Union personal loan are accepted by:
- Phone
- Online
- In person at a branch
Transport Mutual Credit Union personal loans review
Transport Mutual Credit Union is a small financial institution with one branch and one personal loan on offer to its members. Members who are not satisfied with an unsecured loan with a variable interest rate will need to look elsewhere.
Transport Mutual Credit Union personal loans come with a high interest rate, which might put off customers looking to save money on their loan. Potential borrowers can use RateCity’s comparison tool to find the best options available for their situation.
There is an upfront fee associated with a Transport Mutual Credit Union personal loan. However, it is low when compared to upfront fees from the major banks.
Transport Mutual Credit Union personal loans don’t come with any ongoing fees, which may offer some savings potential. However, personal loans from other banks with no ongoing fees may also come with lower interest rates than what’s available from Transport Mutual Credit Union.
About our expert
Did you find this page helpful?
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
