MOVE Bank Personal Loan (Unsecured)

The details shown below are for a variable loan between $10,000 and $50,000

The details shown below are for a variable loan between $2,000 and $25,000

Choose the version of loan that suits you best

  • Loan: $10,000 $50,000

  • Loan: $2,000 $25,000

8.97% p.a.

10.01% p.a.based on $10,000
over 3 years

$150

MOVE Bank Personal Loan (Unsecured)

8.97% p.a.

10.01% p.a.based on $10,000
over 3 years

$150

13.74% p.a.

14.81% p.a.based on $10,000
over 3 years

$150

MOVE Bank Personal Loan (Unsecured)

13.74% p.a.

14.81% p.a.based on $10,000
over 3 years

$150

Mozo Review   MOVE Bank Personal Loan (Unsecured) Review

Last updated: 16 November 2018.

What's hot:
  • Mozo 2018 Expert’s Choice winner

  • 8.97% variable interest rate (10.01% comparison rate*)

  • Free extra repayments

  • No monthly service or exit fees

What's not:
  • $150 application fee

Mozo snapshot:

If you’re ready to get a move on with that overdue bathroom renovation, why not consider the MOVE Bank Personal Loan special? This loan features a special 8.97% variable rate (10.01% comparison rate*) offer, but it’s only available for a limited time, so you’ll need to get in quick! And if you really need a push to check out this personal loan, did we mention it’s a 2018 Mozo Experts Choice Award winner for both Unsecured Personal Loan and Excellent Credit Unsecured Personal Loan?

Key features:

The MOVE Bank Personal Loan is definitely a loan worth considering and not just because of the 8.97% variable rate (10.01% comparison rate*) special offer. With this loan, you’ll be able to borrow up to a massive $75,000 for 1 to 7 years, while having the option to make your repayments on a weekly, fortnightly or monthly schedule.

There’s no monthly service or exit fee either so you can focus on paying off your loan, without getting tied up in extra costs. Plus, there’s unlimited free extra repayments and the option to redraw any of these repayments should you need to. You also won’t be left waiting long for approval, as MOVE offers loan approval within 24 hours!

However, one thing to keep in mind is the $150 application fee that you’ll need to factor into your budget. Plus, if you’re not careful and miss a repayment, you will be charged a $15 late payment fee.

If you miss out on the special offer, or if you’re looking for a loan amount less than $10,000, then expect a 13.74% interest rate (14.81% comparison rate) which is not quite as enticing.

Who it's good for:

The MOVE Bank Personal Loan Special is a great option for anyone looking for fast approval who likes the idea of banking with a customer-owned bank. It’s also a great option for anyone ready to apply right now, because the low rate offer is available for a limited time.

Any catches?

The MOVE Bank Personal Loan Special does come with a $150 application and $15 late payment fee. One way to make sure you never miss a repayment is to set up a direct debit with your designated bank account.  

Details

Rates and fees information correct as at 17 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Variable

  • 8.97% p.a.variable

  • 10.01% p.a.based on $10,000
    over 3 years

Fees
  • $150.00

  • $0.00

  • $15.00

  • $0.00

  • $0.00

Other financial bits
  • $10,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

*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. WARNING: 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.

Details

Rates and fees information correct as at 17 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Variable

  • 13.74% p.a.variable

  • 14.81% p.a.based on $10,000
    over 3 years

Fees
  • $150.00

  • $0.00

  • $15.00

  • $0.00

  • $0.00

Other financial bits
  • $2,000.00

  • $25,000.00

  • 1 Year

  • 5 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

*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. WARNING: 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.

Customer Reviews

How are MOVE Bank personal loans rated by the Mozo community?

Overall customer rating
6.3/10
Price
6.3/10
Features
6.0/10
Customer service
6.3/10
Convenience
6.7/10
Trust
6.7/10

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