Australian Military Bank Unsecured Personal Loan - Excellent Credit (Variable)

7.88% p.a.to 18.82% p.a.

8.72% p.a.to 20.22% p.a.based on $30,000
over 5 years

$100

Rates

  • Variable

  • 7.88% p.a.variable

  • 8.72% p.a.to 20.22% p.a.based on $30,000
    over 5 years

Fees

  • $100.00

  • $10.00

  • none

  • $0.00

  • $0.00

Other financial bits

  • $1,000.00

  • $80,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Application fee varies from $100 to $500 depending on credit score.

  • none

About Australian Military Bank

Australian Military Bank (previously known as ADCU) offers financial products to members of the Australian Defence Force, civilian employees, defence contractors and their families. As well as offering services to people associated with the defence force, the provider welcomes other individuals. Australian Military Bank offers a comprehensive range of saving and investment accounts, loans, insurance and financial advice especially designed for its members.

How are Australian Military Bank personal loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
4.9

Based on 15
Australian Military Bank personal loans reviews

5.1 5.7 5.5 4.3 5.1

Read Australian Military Bank personal loan reviews by the Mozo community

Latest reviews of Australian Military Bank Unsecured Personal Loan - Excellent Credit (Variable)

Australian Military Bank

Australian Military Bank Unsecured Personal Loan - Excellent Credit (Variable) personal loan review

Overall rating   0 / 10

Run for your lives, save yourselves!

After being pre approved by 2 other banks for a personal loan my partner decided to apply thru ADCU due to the fact the interest rate was low and we assumed having an active account with them would make the process easier and faster. Wow were we...

Full review

After being pre approved by 2 other banks for a personal loan my partner decided to apply thru ADCU due to the fact the interest rate was low and we assumed having an active account with them would make the process easier and faster. Wow were we wrong! !! He first called to discuss the options and apply and was told we would get a callback. Never happened. We then applied online and 2 weeks later, with no callbacks, unkept promises of a speedy resolution so we would not lose the car we wanted, discussions with management, and constantly doing the follow-up we were told to apply for a lesser amount, which me did. To then a week later being denied. Mind you all we received to tell us this was an email saying "we tried to call, please call back " (lies!), which we did. 3 times. No notes on file btw so no help anywhere. To then go to the manager again to be told of the denial. Absolutely disgusting! !!! We since reapplied thru MY Credit Union. Approved in 3hrs for the amount we wanted and has been proactive in contacting us and calling us back exactly when they say they will. The whole process with ADCU has caused so many issues with the owner of the vehicle we are buying, my partner and I getting to work (shift work in opposite directions of the city) and other repayments. For the sake of your mental health. ...... run people! Run!!!!

    Price   8 / 10

    Features   5 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Sylvie (QLD), reviewed over 2 years ago

Reply from Australian Military Bank

Hi Sylvie,

Thanks for getting in touch regarding the experience with your partners personal loan.

We appreciate your feedback and would like to pass onto management so that we can investigate and provide coaching and feedback to our staff. Unfortunately we are unable to provide a record of your particular application after an investigation of our files.

We would be extremely grateful if you could email media@adcu.com.au with some details including your partners member number so we can ensure this is properly resolved.

Again we are sorry to hear about your experience and hope we can provide you with a better service in the future.

Regards, ADCU

Australian Military Bank

Australian Military Bank Unsecured Personal Loan - Excellent Credit (Variable) personal loan review

Overall rating   0 / 10

Shop around, they're not worth the bother

We had a seven year loan that was supposed to be complete in November last year but has been extended by four months through no fault of our own. Their policy is to raise interest rates whenever they want (there was a space of 13 days between one...

Full review

We had a seven year loan that was supposed to be complete in November last year but has been extended by four months through no fault of our own. Their policy is to raise interest rates whenever they want (there was a space of 13 days between one rise)! And not to raise the repayments it's just a little surprise package when you thought that you should have been out of debt, and to top it off we are now paying interest on interest until the debt is paid out, apparently it's all there in the small print. No notification in writing of changes, you are supposed to read all of your monthly account statements to be fully informed of changes. Apparently it is better for customers' budgeting purposes not to raise repayments, but how can it be fair to extend the time of a loan without consulting the customer in the first place, the only ones that benefit through this so called policy is the ADCU.

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Laraine (NSW), reviewed over 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Compare other personal loans
Advertisement