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The Mutual Personal Loans

Be it a new car, a home renovation, or something else, The Mutual Bank can bring your dream to life. Scroll down to compare The Mutual personal loans, estimate repayments, and take your best pick.

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Loan Amount



3 months

The Mutual

Secured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
Advert. Rate (p.a)
Comparison rate
Talk to The Mutual for a competitive interest rate on car and personal loans.
The Mutual

Unsecured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
Advert. Rate (p.a)
Comparison rate
Dreaming of a holiday, home renovations or any other worthwhile purpose? The Mutual could help make turn your dreams into a reality. provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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The Mutual personal loans – Borrow for all sorts of purposes

The Mutual Bank offers financial services – including personal loans – to Aussies within the Maitland, Newcastle, and Hunter communities. It’s been around since 1888, and despite history’s ups and downs and a few name changes, the bank has stuck to its original mission of investing local money for the benefit of members and the local community. BestFind reviews The Mutual personal loans so you can make an easy decision on whether to borrow from this lender.

The Mutual Bank snapshot

  • Loan amounts. Up to $100,000
  • Loan terms. Up to 7 years
  • Interest rate charges. Calculated daily, charged monthly.
  • Uses. Buying a new car or a caravan, renovating your home, going on holiday, plus more.
  • Pros. The Mutual Bank assists members undergoing financial hardship due to an accident, illness, or any other reason, so you can contact the bank representatives if you’re having any problems with your repayments.
  • Cons. There are only a few branches available.

Personal loan options offered by The Mutual Bank

Here’s a breakdown of the loan products offered by the Mutual Bank:

  • Unsecured personal loans. This option lets you borrow between $5,000 and $20,000. Since the loan isn’t secured, the interest rate starts from 12.75%, which is higher than the 8.49% charged for secured loans. Loan terms are also limited to a maximum of 5 years.
  • Secured personal loans. The funds you borrow are secured by your residential property or a Term Deposit. While it means you can lose either of these if you default, it allows you to get a lower rate. Additionally, you can borrow up to $100,000 over a more flexible loan term of up to 7 years.
  • Secured car loans. The Mutual car loans allow you to buy both new and used cars. Borrowing limits are between $5,000 and $50,000.

Features of The Mutual personal loans

  • Fixed interest rates. A fixed rate means you also have set repayments and peace of mind from knowing you won’t pay more when rates rise.
  • Repayment options. You have three payment frequencies to choose from: Monthly, fortnightly, as well as weekly. Therefore, you can tailor your loan repayments to your income flow. If you want to find the perfect monthly repayment for your budget, you can find The Mutual personal loan calculator at the top of this page.
  • Fees and charges. There are no monthly or annual fees. The Mutual Bank also doesn’t charge you for making early repayments. However, there’s an upfront application fee, and other fees may apply, so make sure to read the fine print.

How to apply for the Mutual personal loans

If you’re interested in one of The Mutual personal loans, click “Go to Site” for that loan in the table above. Once you reach the application page, proceed to fill in your details and supply any required documents. Keep in mind that to qualify, you have to be a member of The Mutual and an Australian permanent resident who’s at least 18 years old.

More about The Mutual Bank

The Mutual Bank also offers home loans, credit cards, business loans, and everyday banking services. Because it’s a member-owned bank, The Mutual states that its main focus is on providing better rates, personalised services, and a mutually supportive fee structure to members.

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