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People's Choice Credit Union Discounted Personal Car Loan

Advertiser disclosure
Interest rate from
4.65% p.a.
Comparison rate from
4.99% p.a.based on $30,000
over 5 years
Upfront fee
$250

Mozo editorial review People's Choice Credit Union Discounted Personal Car Loan

Last updated: 12 May 2020.

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What's hot
  • Fixed rates from 4.65% p.a. (4.99% p.a. comparison rate*)
  • Free redraw facility & extra repayments
  • $0 monthly fees on Peoples Choice Credit Union Zip bank account
What's not
  • $250 application fee & $25 late payment fee
Mozo snapshot

If you’re gearing up to buy a new car, then you’ll probably want a value-packed low-rate car loan to help seal the deal. With unbeatable fixed rates starting at 4.65% p.a. (4.99% p.a. comparison rate*) on amounts from $20,000 to $100,000 and top-notch features to boot, the People’s Choice Credit Union Discounted Personal Car Loan will get you on the road to your dream car.

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Key features

Buying a new car that’s up to two years old? The People’s Choice Credit Union Discounted Personal Car Loan will rev you up with its ripper rates, starting at a 4.65% p.a. fixed rate (4.99% p.a. comparison rate*) on loans between $20,000 and $100,000 and flexible loan terms from 1-10 years.

Not to mention, going with this loan means you won’t pay any monthly fees on your People's Choice Credit Union Zip bank account. What a bonus!

The People’s Choice Credit Union Discounted Personal Car Loan cranks it up a notch with red hot features to match its competitive rates, like free extra repayments and a super convenient fee-free redraw facility, which is always handy to have in case you suddenly need access to those additional repayments you've made should any unexpected expenses pop up.

As this is a secured car loan, you'll need to put your new set of wheels up as security against the loan, in case you ever default. On that note, this loan offers plenty of flexible repayment options, giving you the choice of weekly, fortnightly or monthly repayments.

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Who is it good for

With super low fixed rates starting at 4.65% p.a. (4.99% p.a. comparison rate*) the People’s Choice Credit Union Discounted Personal Car Loan is an incredible offer for any Aussie looking to buy a fresh set of wheels up to two years old.

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Any catches

Be aware that the discounted fixed rate is only available for 5 years, after which it will jump to an 11.55% p.a. revert rate for the remaining term. And despite having no ongoing fees, watch out for the $250 application fee and $25 late payment fee.

Details

Rates and fees information correct as at 25 November 2020. 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
  • Fixed

  • 4.65% p.a. fixed

  • 4.99% p.a.based on $30,000
    over 5 years

Fees
  • $250.00

  • $0.00

  • $25.00

  • n/a

  • $0.00

Other financial bits
  • $20,000.00

  • $100,000.00

  • 1 Year

  • 10 Years

  • Vehicle

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Fixed rates available up to 5 years, then revert to a variable rate of 11.55% p.a. for the remaining term. Purchases or refinances of a car up to 2 years old from year of manufacture (currently 2018) which must be used as security for the Car Loan.

  • $0 monthly fee on Peoples Choice Credit Union Zip bank account.

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.

Customer Reviews

How are People's Choice Credit Union personal loans rated by the Mozo community?

Price
7.3/10
Features
6.6/10
Customer service
7.8/10
Convenience
7.7/10
Trust
7.8/10

Latest review of People's Choice Credit Union Discounted Personal Car Loan

  • Overall 8/10
    Easy, friendly and convenient.

    Easy, friendly and convenient. I can pay of my loan in my time.

    Read full review

    Easy, friendly and convenient. I can pay of my loan in my time.

    Price
    7/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Jason, South Australia reviewed over 4 years ago
People's Choice Credit Union

About People's Choice Credit Union

People's Choice Credit Union is a member owned financial institution offering its members a wide range of competitive banking, insurance and investment products and services. Formed through the merger of Savings & Loans and Australian Central, Peoples Choice Credit Union has more than 350,000 members Australia wide. At Peoples Choice Credit Union, its customers are its owners so everything they do is designed to benefit their members.

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$0.00