8.5 / 10

based on 779 reviews as rated by Mozo community

Teachers Mutual Bank personal loans

Teachers Mutual Bank (formerly Teachers Credit Union) offers its members a competitive range of personal banking and insurance products. They "Put you first" by offering a range of Home Loans, Credit Cards and day to day bank and savings accounts. Teachers Mutual Bank is focussed on the education community and their families so to join the Teachers Mutual Bank bank you must be a teacher, lecturer or instructor at a school, TAFE or university or a student studying education.

Teachers Mutual Bank offers the following personal loans

Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from* Upfront fee
All Purpose Loan (Fixed, Unsecured)

9.95% p.a.

10.64% p.a.based on $10,000
over 3 years

$100

All Purpose Loan (Variable, Unsecured)

13.19% p.a.

13.90% p.a.based on $10,000
over 3 years

$100

Car Loan (Fixed, Secured)

4.99% p.a.

5.66% p.a.based on $10,000
over 3 years

$100

Car Loan (Variable, Secured)

9.95% p.a.

10.64% p.a.based on $10,000
over 3 years

$100

Secured New Car Loan (Variable)

8.39% p.a.

8.53% p.a.based on $30,000
over 5 years

$100

Travel Loan (Variable, Unsecured)

11.45% p.a.

12.15% p.a.based on $10,000
over 3 years

$100

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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How are Teachers Mutual Bank personal loans rated?

Mozo users have rated Teachers Mutual Bank personal loan on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Teachers Mutual Bank personal loans
Overall
8.1/10
Price
Features
Customer service
Convenience
Trust
44 reviews

Recent Teachers Mutual Bank personal loan reviews

Teachers Mutual Bank All Purpose Loan review
Overall 7/10
Not bad

Not a bad bank. The app is east to use for any person but the customer service could use some work.

Read full review

Not a bad bank. The app is east to use for any person but the customer service could use some work.

Price
7/10
Features
7/10
Customer service
4/10
Convenience
6/10
Trust
8/10
Less
Holly, Queensland reviewed about 1 year ago
Teachers Mutual Bank All Purpose Loan review
Overall 2/10
Great customer service.

Interest rates on personal loans are far too high. When interest rates are at all time lows, why are we still paying over 13% for personal loans?

Read full review

Interest rates on personal loans are far too high. When interest rates are at all time lows, why are we still paying over 13% for personal loans?

Price
1/10
Features
1/10
Customer service
9/10
Convenience
8/10
Trust
8/10
Less
Carmel, New South Wales reviewed over 5 years ago
Teachers Mutual Bank All Purpose Loan review
Overall 6/10
Good

It's ok.

Read full review

It's ok.

Price
4/10
Features
4/10
Customer service
5/10
Convenience
3/10
Trust
6/10
Less
Max, New South Wales reviewed over 5 years ago
Teachers Mutual Bank All Purpose Loan review
Overall 9/10
Great customer service and competitive products

Service is very personal and helpful. Easy redraw of extra payments with no charges for doing so. Services are designed with our needs in mind.

Read full review

Service is very personal and helpful. Easy redraw of extra payments with no charges for doing so. Services are designed with our needs in mind.

Price
8/10
Features
10/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Jacqui, New South Wales reviewed over 5 years ago

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