MOVE Bank

MOVE Bank Personal Loan (Unsecured)

This product is available in different versions. Pick the right version for you here.

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 this loan that suits you best

	Loan type	Min loan amount	Max loan amount
	Variable	$10,000	$50,000
	Variable	$2,000	$25,000

Loan: $10,000 $50,000
Loan: $2,000 $25,000

Interest rate from

8.97% p.a.

Comparison rate from*

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

Upfront fee

$150

MOVE Bank Personal Loan (Unsecured)

Interest rate from

8.97% p.a.

Comparison rate from*

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

Upfront fee

$150

Mozo Review

Details

Customer Reviews

Similar loans

Interest rate from

13.74% p.a.

Comparison rate from*

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

Upfront fee

$150

MOVE Bank Personal Loan (Unsecured)

Interest rate from

13.74% p.a.

Comparison rate from*

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

Upfront fee

$150

Details

Details

Mozo Review MOVE Bank Personal Loan (Unsecured) Review

Last updated: 14 November 2019.

What's hot:

8.97% variable interest rate (10.01% comparison rate*)
Free extra repayments
No monthly service or exit fees
2019 Mozo Experts Choice Award winner

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% p.a. variable rate (10.01% p.a. comparison rate*) offer and was a 2019 Mozo Experts Choice Award winner - but it’s only available for a limited time, so you’ll need to get in quick!

Key features:

The MOVE Bank Personal Loan is definitely a loan worth considering and not just because of the 8.97% p.a. variable rate (10.01% p.a. 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.

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

Rate types

Variable
Rates from

8.97% p.a.variable
Comparison rate from*

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

Fees

Application fee

$150.00
Service fee

$0.00
Late payment fee

$15.00
Exit fee

$0.00
Early repayment penalty

$0.00

Other financial bits

Minimum loan amount

$10,000.00
Maximum loan amount

$50,000.00
Minimum loan term

1 Year
Maximum loan term

7 Years
Security types

Unsecured

Features

Repayment options

Weekly, Fortnightly, Monthly
Extra repayments allowed

yes
Redraw allowed

yes
Other restrictions

none
Other benefits

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

Rate types

Variable
Rates from

13.74% p.a.variable
Comparison rate from*

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

Fees

Application fee

$150.00
Service fee

$0.00
Late payment fee

$15.00
Exit fee

$0.00
Early repayment penalty

$0.00

Other financial bits

Minimum loan amount

$2,000.00
Maximum loan amount

$25,000.00
Minimum loan term

1 Year
Maximum loan term

5 Years
Security types

Unsecured

Features

Repayment options

Weekly, Fortnightly, Monthly
Extra repayments allowed

yes
Redraw allowed

yes
Other restrictions

none
Other benefits

none

Customer Reviews

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

Overall customer rating

6.3/10

Based on 3 MOVE Bank personal loan reviews

Price

6.3/10

Features

6.0/10

Customer service

6.3/10

Convenience

6.7/10

Trust

6.7/10

Promoted

OurMoneyMarket

Low Rate Personal Loan

interest rate

8.00% p.a.

comparison rate*

8.21% p.a.based on $30,000
over 5 years

fees

$150.00upfront and $0.00/month