7.4 / 10

based on 112 G&C Mutual Bank 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 - and has been in operation since 1939. For years, that means customers always come first when taking out a personal loan with this mutual.

On top of that, G&C Mutual is also award-winning! It took out a 2021 Mozo Experts Choice Awards for Best Unsecured Personal Loan. Want to know more? 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 18 May, 2021. 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

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 up to $150,000. 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 up to $90,000, 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

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 over 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 over 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 about 6 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 over 9 years ago

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