1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar
Victoria Teachers Mutual Bank: Serving the education community

Australian Government Guaranteed Deposits

Personal Loans

Green Personal Loan

For environmentally friendly home improvements.

Offering a reduced interest rate for environmentally friendly products our Green Personal Loan is perfect if you are seeking to reduce the environmental impact of your home and lower your heating, cooling and water usage costs.


Main Features

  • Reduced interest rate for environmentally friendly products.
  • Weekly, fortnightly or monthly repayments.
  • Additional repayments accepted.
  • Redraw available (minimum $500).
  • No Early Repayment penalty
  • No maximum loan amount.
  • 9 year maximum loan term.
  • Optional Loan Repayment Insurance.

Eligibility

Our Green Personal Loan may be used to purchase environmentally friendly products which include:

  • Solar hot water systems.
  • Energy efficient white goods and appliances (excluding televisions). Minimum 5 star ratings apply, visit www.energyrating.gov.au for details.
  • Grey Water Treatment Systems.
  • Solar Panels and installations.
  • Rainwater tanks and installations.
  • Insulation.
  • Double Glazing.
  • Wind Turbine.
  • External Awnings.

Interest

Calculated daily and charged monthly in arrears.

Repayments

Principal & Interest repayments.

Security

This loan is typically unsecured. (A Guarantor and/or vehicle as security may be required.)

Rates & Fees

Interest Rate (p.a.)1 9.90%
Comparison Rate (p.a.)2 10.52%
Application Fee $0
Establishment Fee3 $90
Monthly Fees $0
Annual Service Fees $0
Redraw Fees $0

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

  1. Interest Rates effective 10 May 2012. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
  2. Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years. Variable interest rate advertised subject to change. 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.

 

Calculators

Borrowing Power

Find out how much you can expect to borrow based on your current salary and existing financial commitments.

 

Loan Repayments

Work out what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

 

Extra Repayments

Calculate how much time and interest you can save by paying more than the minimum repayment.

 

Lump Sum Repayments

Calculate the time and interest you can save by paying a lump sum off your loan.

 

More Information

Download

Personal Loans and Credit Cards Brochure

We understand there are all sorts of reasons why you may need to borrow money. That’s where our competitive Personal Loans come in.

 

How do I apply?

 


Alternatively, you can: 
Book

Apply over the phone

By calling our friendly Lending Consultants on 1300 654 822 between 9:00am and 5:00am Monday to Friday.

 
Download

Download a Personal Loan Application

Complete the application and return it to the Mutual Bank by mail, fax or take it to one of our Service Centres.

 
Download

Download a Personal Loan Documentation Checklist

For a list of the documents required to apply for your Loan.

 

Visit our Service Centre

Complete and application in person at our Camberwell or Moonee Ponds Service Centres.

 

BSB - 704 191

Toolkit

Internet Banking

  • Login
  • Help
  • Join Online
  • Footy Connection

Quick Links

Awards logos

© Copyright 2012 Victoria Teachers Mutual Bank

AFSL/Australian Credit Licence Number 240 960