27 March, 2020

Teachers Mutual Bank Limited has today announced it will continue to honour all trail payments for brokers up to 30 June in respect of their clients who have been granted financial hardship as a result of being adversely affected by COVID-19.

The Bank will review again prior to 30 June to assess whether it needs to be extended.

This announcement comes after Teachers Mutual Bank Limited revealed a range of assistance packages for borrowers impacted by COVID-19. The assistance packages cover home loans and personal loans, and includes the option for a home loan repayment pause, or financial hardship status.

Mark Middleton, Teachers Mutual Bank Limited’s Head of Third Party Distribution said: “As a mutual bank and a community, it is important to us that we come together with our broker partners and our members to support each other, and look forward for better times ahead.

“We are so grateful for the support that brokers continually show our Bank and we are pleased to be able to support them in a challenging time. Our aim is to keep our lines of communication open and continue to work together with our broker network to serve our members.”

Details of the assistance packages are outlined on the Bank’s website. 

Media enquiries

Amanda Resurreccion
PR & Corporate Affairs Specialist
(02) 9735 9179 / 0429 421 611
[email protected]

Gillian Tatt
Head of Corporate Affairs
(02) 9735 9825 / 0448 259 942
[email protected]