Why choose Teachers Mutual Bank

Benefits

  • Free redraw available
  • Flexible repayment schedule
  • No ongoing fees

Drawbacks

  • Charges an application fee
  • Above-average interest rates
  • Limited branch access

Teachers Mutual Bank Personal Loans

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Australian Credit Licence 238981Fees & charges apply

8.75%

8.89%

$619

$37,147

Fixed Rate All Purpose Personal Loan
  • 2 to 6 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

Australian Credit Licence 238981Fees & charges apply

Australian Credit Licence 238981Fees & charges apply

11.99%

12.14%

$667

$40,031

All Purpose Personal Loan
  • 0 to 6 years
  • Unsecured
  • Variable Rate
  • No ongoing fees

Australian Credit Licence 238981Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

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based on a $30,000 loan for 5 years at 8.75%

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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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^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.