* Loans are subject to processing fees based on loan type.
The values of TCC, which make us different from other financial institutions, are clearly reflected in our lending policies:
Fair and competitive interest rates
We aim to keep interest rates as low as we possibly can for members. Generally lending rates for different types of loans reflect the risk associated with each type of loan.
TCC aims to provide fast processing with the maximum convenience to members. We consider all applications, and make every effort to accommodate the needs of our members.
TCC is flexible
We are a “values” based organisation; our rules do not get in the way of our service.
TCC is honest
When you apply for a loan from us, our Member Service Officers will explain all of the relevant details concerning the application. TCC Member Service Officers are required to explain the rights and obligations of all parties under the loan agreement. We offer to explain how the interest is calculated on loans and how best to “minimise” interest paid.
General requirements for loans
TCC considers the combined income of a married couple in any joint loan application.
The applicant(s) and his or her surety(s) are required to provide proof of income in the form of a salary slip or if need be a letter of employment or a tax return.
Sureties or guarantors are required for most unsecured loans (loans without collateral) including Education Loans, Renovation Loans, Bridging Loans and most Personal Loans.
Loan applicants must be gainfully employed and have sufficient disposable income to comfortably meet the loan repayments.