Ongoing readily available finance for maximum flexibility.
This is the perfect solution when you need ongoing readily available finance with the flexibility of Visa Debit Card access and the control of a Personal Loan.
We have eliminated the need to repeat paperwork when you require funds. You can access funds at your convenience for those projects around the house or even a wedding.
You are not required to pay any scheduled loan repayments, however you can choose to make repayments in order to reduce interest charged and save money. Our friendly Lending Consultants will provide you with the repayment amount you would need to pay to finalise the debt over a designated period of time determined by you.
Main Features
- Additional repayments accepted.
- $10,000 minimum loan amount.
- $25,000 maximum loan amount.
- Ongoing loan term.
- Bonus Loan Protection.1
Interest
Calculated daily and charged monthly in arrears.
Repayments
There are no set repayments. It is recommended that you make principal and interest repayments to reduce your loan balance.2
Security
This loan is typically unsecured.
- Available to eligible applicants. Victoria Teachers Credit Union has insurance coverage with CUNA Mutual Life Australia Limited (CMLA) under which the remaining Personal Loan balance for eligible Personal Loans will be paid by CMLA to the Credit Union on a borrowers death whilst the insurance is current. Victoria Teachers Credit Union has put this insurance coverage in place at its own cost to remove the extra financial burden that families can have at this sensitive time. Details of the insurance cover held by the Credit Union can be obtained by contacting our friendly Member Service Consultants on 1300 654 822.
- If at any time the unpaid balance of the amount exceeds the credit limit, you must immediately repay such amounts as is necessary to reduce the unpaid balance to the credit limit.