Home > Loans > Personal loans > All purpose personal loan - Teachers Mutual Bank
All Purpose Loan
Freedom to do what you want
About the All Purpose Loan
You can use our All Purpose Loan to bundle your debts, have the wedding of your dreams or renovate your home.
Our All Purpose Loan has received 5 stars for outstanding value in the Unsecured Personal Loans category. The award is based on the CANSTAR CANNEX ratings released in January 20121.
Features of the All Purpose Loan
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A variable interest rate. |
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No ongoing fees. |
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No penalty for early repayment. |
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Ability to make unlimited lump sum payments. |
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A fee free redraw facility. |
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A choice of weekly, fortnightly or monthly repayments. |
Rates and fees
| Interest rate effective 26th November 2010 on new loans and 1st December 2010 on existing loans |
| Interest rate type |
variable |
| Annual percentage rate |
13.19% |
| Comparison rate* |
13.89% |
| Fees and charges |
| Application fee |
$100 |
| Monthly fees |
No |
| Redraw fee |
No |
| Penalty for early repayment |
No |
*The comparison rate quoted is based on $10,000 for a term of 3 years with monthly repayments. Rates apply to unsecured loans only. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Have you considered?
To make the most of your All Purpose Loan, have you considered?
Protecting your loan repayments
What would happen if you got sick, had an accident or became unemployed – how would you make your repayments? Loan repayment insurance is a once off premium that will cover your repayments if you are unable to make them.
Automating your repayments
We can set your repayments up so they are made automatically, giving you one less thing to think about. Let us know when you apply for your loan and we can set them up.
Protecting your purchase
If you’re buying something new for your home it's good time to consider home and contents insurance. Use the Allianz contents calculator to find the value of your home's contents.
Consolidating your debt
Consolidate all your debt into one loan. With no monthly fees and a low interest rate, it makes sense to consolidate any credit card debt and other high interest loans into one repayment – it also makes it easier to budget.
Before you apply
Allow 10-15 minutes to complete an application and have the following ready:
- current payslips
- drivers licence details
- details of regular expenses eg other loans and credit cards
- details of any other income you might receive.
Apply for an All Purpose Loan
There are three easy ways to apply for an All Purpose Loan.
1. Online - It is quick, easy and secure. Remember to save your application so you can retrieve it any time.
> Apply online now > Retrieve an application
2. Phone - Call 13 12 21 8am to 7pm, weekdays or 9am to 3pm, Saturday.
3. Paper - Complete the application and return it with supporting documentation.
> Download and print the application
Compare personal loans
FAQ - Personal loans
Compare product features interest rates and fees.
Take a look at our frequently asked questions about personal loans.
Make the most of your personal loan
Learn about your options when making repayments, redraw and more.
