Why choose Transport Mutual Credit Union

Benefits

  • No ongoing fees
  • No early exit penalty fees
  • Can apply online

Drawbacks

  • High interest rates
  • Upfront fee
  • Limited branches

Transport Mutual Credit Union Personal Loans

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Australian Credit Licence 240718Fees & charges apply

11.14%

11.42%

$654

$39,262

Unsecured Personal Loan
  • 1 to 7 years
  • Unsecured
  • Variable Rate
  • No ongoing fees

Australian Credit Licence 240718Fees & 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 11.14%

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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.

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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.