Victoria Teachers Mutual Bank Personal Loan Rates & Fees, Review & Compare - Best Find

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Victoria Teachers Mutual Bank Personal Loans

Victoria Teachers Mutual Bank
10.25%
10.87%
$326.76

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Share Loan

Shares can be a valuable investment for your financial future. Our flexible personal Share Loan will help you buy into the share market and build your investment portfolio.

Overview

Minimum loan amount$1,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)5 Years

Advertised rate10.25%

Comparison rate10.87%

Monthly repayments (approx)$326

Total repayments (approx)$11,763

Total interest repayments (approx)$1,763

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$90

Other Fees & Information

Monthly fee$0

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$20

For debt consolidation?No

Sponsored No

Telephone1300 654 822

Data accurate as of11/04/2016

Comparison rate warning Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

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Personal Loan

Use our convenient Personal Loan to buy the things you’ve had your eye on. A versatile loan that you can use for almost anything, our Personal Loan has the option of competitive variable and fixed interest rates, as well as flexible repayments.

Overview

Minimum loan amount$5,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate11.74%

Comparison rate12.37%

Monthly repayments (approx)$333

Total repayments (approx)$12,019

Total interest repayments (approx)$2,019

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$90

Other Fees & Information

Monthly fee$0

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$20

For debt consolidation?No

Sponsored No

Telephone1300 654 822

Data accurate as of11/04/2016

Comparison rate warning Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate

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Green Personal Loan

The Green Personal Loan offers a reduced interest rate for Green home improvements and products.

Overview

Minimum loan amount$5,000

Maximum loan amountNo maximum

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate9.35%

Comparison rate9.97%

Monthly repayments (approx)$322

Total repayments (approx)$11,610

Total interest repayments (approx)$1,610

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$90

Other Fees & Information

Monthly fee$0

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$20

For debt consolidation?No

Sponsored No

Telephone1300 654 822

Data accurate as of11/04/2016

Comparison rate warning Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.

Hide info ˄

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review Victoria Teachers Mutual Bank personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing Victoria Teachers Mutual Bank personal loans, there are other important things to consider and understand, other than just Victoria Teachers Mutual Bank’s interest rates.

What personal loan options does Victoria Teachers Mutual Bank offer?

Victoria Teachers Mutual Bank has 3 personal loan products:

  • Victoria Teachers Mutual Bank Share Loan
  • Victoria Teachers Mutual Bank Personal Loan
  • Victoria Teachers Mutual Bank Green Personal Loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare Victoria Teachers Mutual Bank car loans, Victoria Teachers Mutual Bank home loan and Victoria Teachers Mutual Bank credit cards.

Do you have a Victoria Teachers Mutual Bank personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a Victoria Teachers Mutual Bank Personal Loan?

If you’d like to apply online for a Victoria Teachers Mutual Bank personal loan, just scroll up and click on “Learn more” to be taken to Victoria Teachers Mutual Bank’s secure online application form. Before you apply, be sure to learn about Victoria Teachers Mutual Bank’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

Victoria Teachers Mutual Bank’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the Victoria Teachers Mutual Bank’s lending criteria. Below is high-level overview of Victoria Teachers Mutual Bank’s criteria:

Victoria Teachers Mutual Bank’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the Victoria Teachers Mutual Bank branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with Victoria Teachers Mutual Bank

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Victoria Teachers Mutual Bank personal loan

There are many additional factors Victoria Teachers Mutual Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a Victoria Teachers Mutual Bank personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose Victoria Teachers Mutual Bank will lend for:

Additional product information

Victoria Teachers Mutual Bank’s minimum and maximum personal loan amounts and terms

You can borrow between $5,000 and $80,000. Over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

Victoria Teachers Mutual Bank’s repayment schedule

Victoria Teachers Mutual Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

Victoria Teachers Mutual Bank allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

Victoria Teachers Mutual Bank’s Variable Rate Personal Loan gives you the option of being able to make redraws.