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Mini meca 2022

MOVE Bank Personal Loan (Unsecured)

Advertiser disclosure

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: $10,000 $50,000

  • Loan: $2,000 $25,000

Interest rate from
8.97% p.a.
Comparison rate from
9.99% p.a.based on $10,000
over 3 years
Upfront fee
$150
Interest rate from
13.74% p.a.
Comparison rate from
14.81% p.a.based on $10,000
over 3 years
Upfront fee
$150

Mozo editorial review MOVE Bank Personal Loan (Unsecured) - last updated: 18 November 2021

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What's hot
  • 2022 Mozo Experts Choice Award winner
  • 8.97% p.a. variable interest rate (9.99% p.a. comparison rate*)
  • 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, you might want to consider the MOVE Bank Personal Loan. It features a special variable rate of 8.97% p.a. (9.99% p.a. comparison rate*) offer - but it’s only available for a limited time, so you’ll need to get in quick. Plus, on top of all these handy features a competitive interest it also received a 2022 Mozo Experts Choice Personal Loan Award in the best Unsecured Personal Loan category. 

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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 (9.99% 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, and no early repayment penalty if you pay off your loan sooner.

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.

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Who is it 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.

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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 6 December 2021. 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

9.99% 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

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.

Details

Rates and fees information correct as at 6 December 2021. 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

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.

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About MOVE Bank