People's Choice Credit Union Discounted Personal Loan
People's Choice Credit Union Discounted Personal Loan
Mozo Review People's Choice Credit Union Discounted Personal Loan Review
Last updated: 16 December 2019.
What's hot:
Fixed rates from 7.99% p.a. interest rate (8.35% p.a. comparison rate)*
Free extra repayments & redraw facility
$0 monthly fee on Peoples Choice Credit Union Zip bank account
What's not:
$250 application fee & $25 late payment fee
Mozo snapshot:
Need some cash to cover the cost of your Contiki tour? Or maybe you're planning a big white wedding? Whatever it is you're splurging on, with competitive fixed rates starting at 7.99% p.a. (8.35% p.a. comparison rate)* on loans between $10,000 and $100,000, plus, loads of fab features up for grabs, the People’s Choice Credit Union Discounted Personal Loan could do just the trick!
Key features:
The People’s Choice Credit Union Discounted Personal Loan gets the ball rolling with competitive fixed rates starting at 7.99% p.a. (8.35% p.a. comparison rate)* on loans between $10,000 and $100,000 for 1 to 10 year loan terms.
If you like a loan with loads of flexibility, you’ve hit the jackpot, because the People’s Choice Credit Union Discounted Personal Loan gives you the choice of either weekly, fortnightly or monthly repayment options. Then again, if killer rates and flexible repayment options aren’t enough, then check out the features!
The People’s Choice Credit Union Discounted Personal Loan offers fab features, like free extra loan repayments and a free redraw facility. So you can pay off your loan as fast as you’d like and dip into that pool of extra repayments as you please without being penalised for it.
On top of this, taking out this loan will exempt you from having to pay the monthly fee on your People's Choice Credit Union Zip bank account.
The People’s Choice Credit Union Discounted Personal Loan is a secured loan, so you’ll need to put your vehicle up as security in case you ever default on your repayments.
While this personal loan doesn't charge any regular ongoing fees, keep in mind it does come with a $250 application fee and $25 late payment fee.
Who it's good for:
The People’s Choice Credit Union Discounted Personal Loan is a fantastic loan option for most Aussies, but borrowers who can afford to pay their loan off within the 5-year fixed period and thus, dodge the high 11.55% p.a. revert rate will get the most bang for their buck!
Any catches?
Be aware that fixed rates are only available on this loan for up to 5 years. After the 5-year fixed period ends the rate will increase to an 11.55% p.a. variable revert rate for the remaining loan term. So if you want to avoid paying higher interest, aim to pay your loan off before the 5-year period ends.
Details
Rates and fees information correct as at 19 January 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
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Fixed
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7.99% p.a. fixed
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8.35% p.a.based on $30,000
over 5 years
Fees
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$250.00
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$0.00
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$25.00
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n/a
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$0.00
Other financial bits
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$10,000.00
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$100,000.00
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1 Year
-
10 Years
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Vehicle
Features
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Weekly, Fortnightly, Monthly
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yes
-
yes
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Fixed rates available up to 5 years, after which they will revert to variable rate of 11.55% p.a. for the remaining term. Loan secured by vehicles less than 7 years old (minimum security value of $5,000) or a security value of $10,000 or more.
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$0 monthly fee on Peoples Choice Credit Union Zip bank account.
Customer Reviews
How are People's Choice Credit Union personal loans rated by the Mozo community?
Latest reviews of People's Choice Credit Union Discounted Personal Loan
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Usually helpful and friendly.
Helpful and friendly! They recently approved for a personal loan.
Read full reviewHelpful and friendly! They recently approved for a personal loan.
Price7/10Features-1/10Customer service8/10Convenience9/10LessTrust9/10 -
Excellent customer service
I have been with People's Choice Credit Union, it used to be Australian Credit Union for many years. Not too long ago someone tried to hack into my account and within minutes I had a call and the staff put me through to their fraud department. You can't get more efficient than that.
Read full reviewI have been with People's Choice Credit Union, it used to be Australian Credit Union for many years. Not too long ago someone tried to hack into my account and within minutes I had a call and the staff put me through to their fraud department. You can't get more efficient than that.
Price9/10Features5/10Customer service10/10Convenience3/10LessTrust9/10 -
Amazing customer service
I have been with this bank for 13 years and have not had a problem. Walked in when I was 19 to see if I could get a car loan and got accepted right away. Instead of taking 5 years to pay it, I paid it off in 3 years no extra interest on top.
Read full reviewI have been with this bank for 13 years and have not had a problem. Walked in when I was 19 to see if I could get a car loan and got accepted right away. Instead of taking 5 years to pay it, I paid it off in 3 years no extra interest on top.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10 -
Best rates in town!
Great bank with friendly staff who do their best to help you and answer any questions. Top interest rates.
Read full reviewGreat bank with friendly staff who do their best to help you and answer any questions. Top interest rates.
Price9/10Features8/10Customer service9/10Convenience10/10LessTrust9/10 -
After service not good
It was hard to get on to the advisor, after signup never hear from them.
Read full reviewIt was hard to get on to the advisor, after signup never hear from them.
Price5/10Features2/10Customer service1/10Convenience5/10LessTrust3/10
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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8.00% p.a.
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7.99% p.a.
8.35% p.a.based on $30,000
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7.65% p.a.to 26.99% p.a.
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7.99% p.a.
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4.19% p.a.
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5.64% p.a.
5.99% p.a.based on $30,000
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8.00% p.a.
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over 5 years
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Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
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$500.00upfront and $0.00/month
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8.50% p.a.to 16.99% p.a.
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$150.00upfront and $5.00/month
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9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
$250.00upfront and $0.00/month
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
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$0.00upfront and $0.00/month
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6.79% p.a.
8.83% p.a.based on $10,000
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9.56% p.a.to 18.53% p.a.based on $30,000
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6.99% p.a.to 28.69% p.a.
7.69% p.a.
$0.00
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Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
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