Rates and fees verified as correct at 02 December, 2020. Other information correct at the time of writing. Advertiser disclosure.
|Product||Interest rate from||Comparison rate from||Upfront fee|
|Car Loan (Fixed)|| |
5.10% p.a.based on $30,000
|Unsecured Personal Loan (Fixed)|| |
10.49% p.a.based on $30,000
WARNING: 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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
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Secured personal loans
Have a boat, cash or family guarantee? Well, you could use one of these to score yourself a better personal loan deal. That’s right with Auswide Bank’s secured loan option if you put up collateral or a guarantee for the personal loan, you’ll potentially receive a better interest rate and could borrow more too. For instance, while the unsecured option only allows you to borrow up to $50,000, with the secured alternative the cap sits at $75,000 and you can set up the term for 7 years (rather than just 5 years with the unsecured option). You’ll also have your choice of either a fixed or variable interest rate, so you could lock in your rate to protect yourself against rate rises or leave it variable which means your rate will change according to the market.
Unsecured personal loans
Don’t have an asset to secure your loan with? No worries, as Auswide Bank also offers a competitive unsecured personal loan deal that comes with either a fixed or variable interest rate. If you go for the fixed interest rate option you’ll get the peace of mind of repayment consistency but the downside of a locked in rate is your interest rate will be slightly higher than the variable rate option. With Auswide’s unsecured personal loan you can choose a repayment length of 1 to 5 years and can borrow an amount between $3,000 and $50,000. The loan comes with the flexible feature of an extra repayments facility, which ultimately means you could pay off the loan early by depositing additional cash into the personal loan on top of your regular repayments. But keep in mind, there is a fee for paying off your loan in the first year.
Dreaming of zipping the streets of your area in some new wheels? Thankfully, Auswide Bank also provides several car loan options. If your car is under 18 months old, then you’ll be eligible for the new car loan but if your car is any older your borrowing match through Auswide will be their used car loan alternative. What’s the difference between the two? Well, they are pretty similar as both options allow you to choose between a fixed or variable interest rate, let you borrow between $5,000 and $75,000 and make extra repayments on your loan. The only main differences is with the new car loan your variable rate will be lower and you can take out the loan for a longer period of 7 years, compared to only 5 years with the used car option.
Fees: All of the personal and car loans from Auswide Bank come with an establishment fee, ongoing fee and early repayment fee if you try to pay out one of its loans in the first 12 months.
Free online statements: You can stay up to date with your loan through the free statements available online.
Monthly repayments: With all of Auswide Bank’s personal and car loans, repayments are limited to being set up monthly, which could be an issue if you get paid on a weekly or fortnightly basis.
Extra repayments facility: Auswide Bank gives you the flexibility to pump additional payments into any of their loans thanks to an extra repayments facility. Just make sure you budget for the early repayment fee if you’re planning on paying out the loan in the first year!
Whether you’re searching for a competitive personal loan to pay for a home renovation or your upcoming trip overseas, it’s important the provider you sign up with offers everything from great customer service to convenience. Our customer reviews section is a great place to read up on how your potential personal loan provider is rated by everyday Aussies. To read reviews of Auswide Bank’s personal loans simply click here.
You can apply for either a personal loan or car loan through Auswide Bank by visiting one of its branches or by completing its pre approval request form online. Here are some of the information and documentation Auswide Bank will request:
Personal information like your full name and address
Your occupation, monthly pay and employer details
Any assets you own, including property, shares, superannuation or vehicles
If you’re taking out a secured loan, details of the security you’re using for the loan (e.g car, property, guarantee)
Mozo users have rated Auswide Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
They are the bank for me, I'm sure unless you can find me a better bankRead full review
They are the bank for me, I'm sure unless you can find me a better bank
If I every need help they always try & help me if I'm truble with making house paymentsRead full review
If I every need help they always try & help me if I'm truble with making house payments