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.
Benefits
Drawbacks
Australian Credit Licence 238981Fees & charges apply
8.99%
9.20%
$623
$37,356
Australian Credit Licence 238981Fees & charges apply
11.99%
12.21%
$667
$40,031
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
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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.
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.
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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