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Teachers Mutual Bank personal loans

Teachers Mutual Bank is a customer-owned bank based in New South Wales. Teachers Mutual provides credit cards, savings accounts, insurance and loans for its members.

Teachers Mutual Bank was formed by nine teachers in 1966 as the Hornsby Teachers Credit Union. By 1980 it had grown to become the largest credit union in Australia.

Today, Teachers Credit Union serves over 165,000 members and operates offices across several states.

Nick Bendel
Nick Bendel

Property & Personal Finance Writer

Content updated

Product data updated

Why choose Teachers Mutual Bank

Benefits

  • Free redraw available
  • Flexible repayment schedule
  • No ongoing fees

Drawbacks

  • Charges an application fee
  • Above-average interest rates
  • Limited branch access

Teachers Mutual Bank Personal Loans

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

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