7.4 / 10

based on 110 reviews as rated by Mozo community

G&C Mutual Bank personal loans

G&C Mutual Bank is owned by its customers - everyday Aussies just like you. That means you come first when taking out a personal loan with this mutual.

G&C Mutual has been in operation since 1939 and today has over 36,000 members. Want to be one of them? Then check out the details on its personal loan offers below:

G&C Mutual Bank offers the following personal loans

Rates and fees verified as correct at 26 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Fair Rate Personal Loan - AA Rated Borrowers (Variable, Secured)

5.99% p.a.to 16.99% p.a.

6.20% p.a.to 17.22% p.a.based on $30,000
over 5 years

$150

Fair Rate Personal Loan - AA Rated Borrowers (Variable, Unsecured)

5.99% p.a.to 16.99% p.a.

6.20% p.a.to 17.22% p.a.based on $30,000
over 5 years

$150

Fixed Rate Car Loan (Fixed, Secured)

5.99% p.a.

6.25% p.a.based on $30,000
over 5 years

$190

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.

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.

G&C Mutual Bank personal loan overview

Secured personal loan

Need a new car, boat or a holiday? A secured personal loan from G&C Mutual could make it happen. It’s a variable rate loan, with terms ranging from 1 - 7 years, and you can borrow amounts starting at $1,000. Plus don’t forget to make use of the flexible features, like free extra repayments and a free redraw facility. You’ll need to have something to put up as collateral for this loan, and keep the upfront application fee in mind.

Unsecured personal loan

If you don’t have any assets to put up as security, don’t worry! You can still borrow the money you need for your spending goals, with an unsecured personal loan from G&C Mutual. You can borrow amounts starting at $1,000, for a term of 1-7 years with this variable rate loan. Handy features include the ability to make free extra repayments, and use the free redraw facility if you need to. Just don’t forget - there’s an upfront application fee to consider.

Car loan

Looking for a new car? For cars up to 3 years old, you can take out a fixed rate car loan for up to $150,000. You can choose to make your repayments weekly, fortnightly or monthly, and also have the option to make extra free repayments to pay the loan off quicker. Remember that the car you’re buying will go up as security against the loan, and you’ll have to budget for the upfront application fee. Plus, keep in mind there’s no redraw facility with this loan.

G&C Mutual Bank personal loan features at a glance

Rates to match your credit score: Got an excellent credit score? Why not be rewarded for it? At G&C Mutual, your interest rate will depend on your credit score, which means you’ll save money for being a responsible borrower.

Extra repayments: Pay off your loan faster by making free additional repayments. Just don’t forget that if you opt for a fixed rate loan, there will likely be an early repayment fee if you pay off the whole thing before the end of the term.

Fees: You’ll have to account for an upfront application fee in your budget, but the good news is there are no ongoing fees to worry about with your G&C Mutual Bank personal loan.

How to apply

To apply for a loan with G&C Mutual, make sure you have these details handy:


How are G&C Mutual Bank personal loans rated?

Mozo users have rated G&C Mutual Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
G&C Mutual Bank personal loans
Overall
5.1/10
Price
Features
Customer service
Convenience
Trust

7 Reviews

Recent G&C Mutual Bank personal loan reviews

G&C Mutual Bank Fair Rate Personal Loan (Variable, Unsecured) review
Overall 10/10
Competitive costs with easy and quick approval.

Great bank to do business with. Staff easy to understand and deal with and supportive of my needs. Online facilities simple and easy to follw

Read full review

Great bank to do business with. Staff easy to understand and deal with and supportive of my needs. Online facilities simple and easy to follw

Price
10/10
Features
8/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Warren, New South Wales reviewed almost 5 years ago
G&C Mutual Bank Personal Loan review
Overall 1/10
Useless processes and need constant follow up

The personal loan application online was great. It went downhill from there. We had to constantly follow up to get our money through. All up it took 8 working days from application to receiving the money in the account (the website and confirmation email states 3-5 working days). If we didn't follow up constantly it would have taken heaps longer. Now we have gone to transfer the money over to our everyday bank account to withdraw the cash -- once online banking login is blocked from doing withdrawals and the other can only transfer 33% of the total loan in one day. I regret applying and will stick with my usual bank from now on.

Read full review

The personal loan application online was great. It went downhill from there. We had to constantly follow up to get our money through. All up it took 8 working days from application to receiving the money in the account (the website and confirmation email states 3-5 working days). If we didn't follow up constantly it would have taken heaps longer. Now we have gone to transfer the money over to our everyday bank account to withdraw the cash -- once online banking login is blocked from doing withdrawals and the other can only transfer 33% of the total loan in one day. I regret applying and will stick with my usual bank from now on.

Price
9/10
Features
7/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Anonymous, Queensland reviewed about 5 years ago
G&C Mutual Bank Personal Loan review
Overall 10/10
You're a member not a number.

This personal loan is actually an overdraft and has been my saviour many times. It cannot work miracles because as a pensioner my Income makes gradual reduction difficult. Unfortunately, my Superannuation was less than sufficient for my retirement- but that isn't the bank's fault, the G&c Mutual Bank (formerly S.G.E) are supportive and understanding.

Read full review

This personal loan is actually an overdraft and has been my saviour many times. It cannot work miracles because as a pensioner my Income makes gradual reduction difficult. Unfortunately, my Superannuation was less than sufficient for my retirement- but that isn't the bank's fault, the G&c Mutual Bank (formerly S.G.E) are supportive and understanding.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Janyce, Victoria reviewed over 5 years ago
G&C Mutual Bank Personal Loan review
Overall 0/10

HORRIBLE! nasty people! charge you $80 if you dont answer the phone when they call! its absolutely ridiculous! NEVER go with them. Untrustworthy and rude! DONT GO WITH THEM!!!

Read full review

HORRIBLE! nasty people! charge you $80 if you dont answer the phone when they call! its absolutely ridiculous! NEVER go with them. Untrustworthy and rude! DONT GO WITH THEM!!!

Price
0/10
Features
0/10
Customer service
0/10
Convenience
0/10
Trust
0/10
Less
Laura, Victoria reviewed about 9 years ago

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