Personal Loans

Fixed Rate Personal Loans

With a fixed rate personal loan, your interest rate is flat for the term of the loan. This allows you to plan your finances with a guaranteed payment amount.

Product features:

  • Flat interest rate
  • Flexible terms ranging from 1 to 5 years
  • No minimum loan amount required
  • Simple and easy application via internet or in-branch
  • All loans can be repaid early – free of charge
  • Extra payments are accepted
  • Interest is calculated on a decreasing balance basis

Variable Rate Personal Loans

With this loan, your interest rate fluctuates with the prime rate. This allows you to take advantage of the potential decreases in interest rate.

Product features:

  • Flexible interest rate based on prime rate
  • 1 to 5 year terms
  • No minimum loan amount required
  • Simple and easy application via internet or in-branch
  • All loans can be repaid early – free of charge
  • Extra payments are accepted
  • Interest is calculated on a decreasing balance basis

New Variable Rate Car Loan

This new variable rate car loan can hand you the bargaining power when walking into a dealership. It provides the freedom and flexibility to negotiate on TMECU’s special terms and not be held by financing and hidden costs. Instead of worrying about interest percentages and down payments, you can decide which car colour you prefer – black or silver.

Product features:

  • 1 to 7 year terms
  • No minimum loan amount required
  • Simple and easy application via internet or in-branch
  • All loans can be repaid early – free of charge
  • Interest is calculated on a decreasing balance basis
 

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