The Mutual Bank - Unsecured Personal Loan
Unsecured | Fixed
The Mutual Bank Unsecured Personal Loan offers an advertised interest rate of 12.49% p.a. and a comparison interest rate of 12.79% p.a.. The Mutual Bank Unsecured Personal Loan is a Fixed rate, Unsecured loan with a borrowing range of between $5,000 and $20,000 and a loan repayment term of between 1 and 7 years.
More The Mutual Bank Unsecured Personal Loan details can be found below or visit The Mutual Bank to learn more or apply.
An Unsecured loan with an advertised rate of 12.49% p.a. and comparison rate of 12.79% p.a.
Advertised Rate
12.49% p.a. Fixed
Comparison Rate
12.79% p.a.
Loan Term
1 to 7 years
Borrowing Range
$5,000 to $20,000
Interest
Rate Type
Fixed
Advertised Rate
12.49% p.a.
Fixed
Comparison Rate
12.79% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Unsecured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$5,000 to $20,000
Repayment
Fortnightly, Weekly, Monthly
Fees
Establishment Fee
$200
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
The target market for this product consists of customers who are likely to have the following objectives, needs, and financial situations:
Objectives and Needs:
- Customers want to borrow money for any personal worthwhile purpose
- A personal loan that offers Principal & Interest repayments
- A personal loan that offers that allows unlimited extra repayments without costs
- A personal loan that allows access to redraw repayments made in advance
- A personal loan with no ongoing personal loan fees
Financial Situation:
- The financial situation of the target market are customers that have the ability to repay the personal loan without substantial hardship which is demonstrated by meeting The Mutual Bank’s credit assessment criteria
- The Mutual Bank believes that if a customer meets its credit assessment criteria it is likely that the product will be consistent with the financial situation of the target market.
Visit The Mutual Bank to view Target Market Determination Effective From: 2024-08-07.
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