I've been with this bank for about 8 years now and I have had no problems with them. They are always friendly to talk to. Always want to go the extra mile to help me out. Nothing seems to be a problem for them. I've tried other banks but this one I've always come back to. They have better pricing and value. They call me if there's any problems. I recommend this bank to everyone.
I love Teachers Mutual, they have great interest rates for loans and because I everyday bank with them applications are simple. Customer service is good, it never takes long to get through to someone (online chat, phone) or get a response (email). The only difficulty is not having a branch down the road when you need a bank cheque ASAP. But if you're more organised than me it's not an issue!
Teachers Mutual Bank have bent over backwards to assist. Firstly by obtaining the car loan at a competitive interest rate and using their car buying service to source the car I wanted at no extra cost. Then recently when my hours were reduced at work, by allowing me to spread repayments over a longer period of time purely by writing to them outlining my circumstances. For timely, responsive, respectful customer service and products tailored to meet your needs, you can't go past Teachers Mutual Bank.
Teachers Mutual Bank offer competitive rates on loans and provide excellent customer service. I used their car service to obtain my car and have my car loan with them and have had nothing but exemplary service from start to finish. Recently I've had to renegotiate my loan and it was done quickly and efficiently and without me having to beg and plead. Even though they have few physical offices I can use any Rediteller or NAB ATM that I like and depositing into my account is as easy as visiting a post office. My funds are available immediately. Their netbanking is secure, efficient and easy to navigate. Overall I can't speak highly enough of Teachers Mutual Bank and plan to stick with them for a long, long time.
The Teachers Credit Union is not like a bank, it's more like a mothers group morning tea. When I applied for my car loan and I mentioned I was trying to reduce the borrowed amount as much as possible the lady said "Well that's very sensible, I tried to get my son to do the same but he just wants his fancy car not matter how much it costs him...". I was almost expecting a "back in my day" story. Never the less this Credit Union is operated extremely well and has a very warm, homely feeling whenever I need to deal with them. Also, their branch has free juice poppers... I challenge anyone to find me another bank that has that, the only thing missing is some play equipment and a sick bay!
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Car loan comparisons on Mozo - rates updated daily
New Car Loan
Including Demo, Fixed, Secured
5.22% p.a.based on $30,000 over 5 years
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.67% would cost $34,096.76 including fees.
*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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