Victoria Teachers Mutual Bank personal loans

Victoria Teachers Mutual Bank
Victoria Teachers Mutual Bank's overall rating for personal loans

(as rated by the Mozo community)

9.5 / 10

based on 2 reviews

When it comes to personal loan choices, Victoria Teachers Mutual Bank (VTMB) has just about every borrowing situation covered. From discounted green loans, student loans, new car or used car loans, you’ll have plenty of choice when finding a personal loan for your needs.  

Below is a summary of all the loans available by VTMB. To review the loan in detail click on the product name link in the table below or if you’d like to compare the loans available through Victoria Teachers Mutual Bank with other providers, head over to our personal loans hub.

Victoria Teachers Mutual Bank offers the following personal loans

Rates and fees verified as correct at 08 December, 2016. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

5.29% p.a.

5.41% p.a.based on $30,000
over 5 years

$90

5.29% p.a.

5.41% p.a.based on $30,000
over 5 years

$90

5.79% p.a.

5.91% p.a.based on $30,000
over 5 years

$90

5.79% p.a.

5.91% p.a.based on $30,000
over 5 years

$90

6.79% p.a.

7.40% p.a.based on $10,000
over 3 years

$90

6.79% p.a.

7.40% p.a.based on $10,000
over 3 years

$90

Green Car Loan (Variable)
Victoria Teachers Mutual Bank

8.29% p.a.

8.42% p.a.based on $30,000
over 5 years

$90

Green Car Loan (Fixed)
Victoria Teachers Mutual Bank

8.29% p.a.

8.42% p.a.based on $30,000
over 5 years

$90

Green Personal Loan (Variable, Unsecured)
Victoria Teachers Mutual Bank

9.35% p.a.

9.97% p.a.based on $10,000
over 3 years

$90

Green Personal Loan (Fixed, Unsecured)
Victoria Teachers Mutual Bank

9.35% p.a.

9.97% p.a.based on $10,000
over 3 years

$90

New Car Loan (Variable)
Victoria Teachers Mutual Bank

8.79% p.a.

8.92% p.a.based on $30,000
over 5 years

$90

New Car Loan (Fixed)
Victoria Teachers Mutual Bank

8.79% p.a.

8.92% p.a.based on $30,000
over 5 years

$90

Overdraft (Variable, Unsecured)
Victoria Teachers Mutual Bank

13.19% p.a.

n/a

$0

Personal Loan (Fixed, Unsecured)
Victoria Teachers Mutual Bank

11.74% p.a.

12.37% p.a.based on $10,000
over 3 years

$90

Personal Loan (Variable, Unsecured)
Victoria Teachers Mutual Bank

11.74% p.a.

12.37% p.a.based on $10,000
over 3 years

$90

Share Loan (Fixed, Unsecured)
Victoria Teachers Mutual Bank

10.25% p.a.

10.87% p.a.based on $10,000
over 3 years

$90

Share Loan (Variable, Unsecured)
Victoria Teachers Mutual Bank

10.25% p.a.

10.87% p.a.based on $10,000
over 3 years

$90

Student Loan (Variable, Unsecured)
Victoria Teachers Mutual Bank

10.74% p.a.

11.37% p.a.based on $10,000
over 3 years

$90

Student Loan (Deferred Repayments, Fixed)
Victoria Teachers Mutual Bank

11.25% p.a.

11.88% p.a.based on $10,000
over 3 years

$90

Student Loan (Deferred Repayments, Variable)
Victoria Teachers Mutual Bank

11.25% p.a.

11.88% p.a.based on $10,000
over 3 years

$90

Student Loan (Fixed, Unsecured)
Victoria Teachers Mutual Bank

10.74% p.a.

11.37% p.a.based on $10,000
over 3 years

$90

Used Car Loan (Fixed)
Victoria Teachers Mutual Bank

9.79% p.a.

10.41% p.a.based on $10,000
over 3 years

$90

Used Car Loan (Variable)
Victoria Teachers Mutual Bank

9.79% p.a.

10.41% p.a.based on $10,000
over 3 years

$90

* 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 for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Key information about Victoria Teachers Mutual Bank Personal Loans

Eligibility: 

The good news is that you don’t have to be a teacher or even part of the education industry to bank with VTMB, but in order to be eligible for a loan you’ll need to be over the age of 18 years and an Australian citizen.  

If you’re applying for a student loan, you’ll need to prove that you are a full-time student in a University, TAFE, CAE, apprenticeship, traineeship or other registered course and have successfully completed at least one year of study. You will also need security for the loan, either via a guarantor or car.

Loan Features:

Fees: 

You’ll be up for a loan establishment fee but Victoria Teachers Mutual Bank loans do not have a monthly service fee. There is a late payment fee of $20 so it is a good idea to organise a direct debit on the payment due date to avoid this.

How to apply:

The simplest way to apply for a VTMB personal loan is online. You can also call the customer service hotline or visit one of the service centres if you’d like to discuss options regarding your specific financial circumstances prior to applying for the loan.

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