Endeavour Mutual Bank Personal Loan

Mozo snapshot

If a competitive interest rate and flexible features are your two deal sealers when it comes to taking out a loan, then say hello to the Endeavour Mutual Bank Personal Loan, winner of a 2019 Mozo People's Choice Award. With a 7.99% variable rate (8.20% comparison rate*), complimentary extra repayments and a redraw facility, this loan could really satisfy your needs. There a range of loan terms and borrowing amounts to choose from as well, so you can really personalise this loan the way that you want to.

Key features

The Endeavour Mutual Bank Personal Loan offers a competitive 7.99% variable rate (8.20% comparison rate*), for unsecured loan amounts as little as $1,000 or as large as the maximum $40,000. 

There are plenty of options when it comes to this personal loan offered by Endeavour Mutual Bank. Not only do they offer a range of loan terms, from 1 to 7 years, borrowers also have the choice of whether they make repayments every week, fortnight or month.

Want more flexibility? You’ll be pleased to hear that you can make extra repayments on this loan without fear of an early repayment penalty. And what’s more, there’s also a redraw facility so you can dip back into your extra funds later down the track if you find yourself needing to. 

With the Endeavour Mutual Bank Personal Loan, you’ll pay no service or exit fees, just keep in mind though there are a couple of other fees, like a $150 application straight off the bat and a $50 late fee if you miss a required payment.

Who is it good for

For someone who wants flexible options, including a range of loan terms and amounts, and a competitive interest rate, the Endeavour Mutual Bank Personal Loan could be the personal loan for them.

Any catches

While the lure of complimentary extra repayments can be appealing, just remember that if you go the opposite way and forget to make a required repayment you’ll incur a $50 fee every time you miss one.