Need some cash to cover the cost of your Contiki tour? Or maybe you're planning a big white wedding? Or the purchase of some kickin' new wheels? 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!
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. Plus, you'll be happy to hear that this loan also received a 2021 Mozo Experts Choice Award for best Car Loan!
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. If killer rates and flexible repayment options aren’t enough, then read on.
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 - reaping the interest rate savings benefits - 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 if you're already rolling with the institution.
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.
The People’s Choice Credit Union Discounted Personal Loan is a fantastic loan option for most Aussies. However, borrowers who can afford to pay their loan off within the 5-year fixed period, thus dodging a higher revert rate, will get the most bang for their buck.
Be aware that fixed rates are only available on this loan for up to 5 years. After the 5-year fixed period ends it'll increase to 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.
You'll also need to be sure the vehicle you're putting up as collateral is less than 7 years old or valued at over $10,000 to meet the loan conditions.
Fixed
7.99% p.a. fixed
8.35% p.a.based on $30,000
over 5 years
$250.00
$0.00
$25.00
n/a
$0.00
$10,000.00
$100,000.00
1 Year
10 Years
Vehicle
Weekly, Fortnightly, Monthly
yes
yes
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.
$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.
I like this credit union as it has competitive personal loan rates. Even better rates if you spend over 20G on a new car! Is easily accessible in NT and SA, not so good in other states! I make higher payments regularly which enables me to redraw funds when times are tight! The customer service is very efficient and effective.
Read full reviewI like this credit union as it has competitive personal loan rates. Even better rates if you spend over 20G on a new car! Is easily accessible in NT and SA, not so good in other states! I make higher payments regularly which enables me to redraw funds when times are tight! The customer service is very efficient and effective.
Horrible to get in contact with. Ringing gets rejected. Slap you with a heap of interest at the beginning of the loan so the "discount" is pointless. Will never bank here again.
Read full reviewHorrible to get in contact with. Ringing gets rejected. Slap you with a heap of interest at the beginning of the loan so the "discount" is pointless. Will never bank here again.
Helpful and friendly! They recently approved for a personal loan.
Read full reviewHelpful and friendly! They recently approved for a personal loan.
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.
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.
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.
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 8.69% p.a.
6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
Latitude
Secured Personal Loan
5.99% p.a.to 21.99% p.a.
7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 10.49% p.a.
6.99% p.a.to 11.92% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 19.95% p.a.
6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
NOW Finance
Secured Personal Loan
4.45% p.a.to 15.45% p.a.
4.45% p.a.to 15.45% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
5.19% p.a.to 18.95% p.a.
5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years
Latitude
Secured Personal Loan
5.99% p.a.to 21.99% p.a.
7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 19.95% p.a.
6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 10.49% p.a.
6.99% p.a.to 11.92% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 8.69% p.a.
6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
6.99% p.a.to 24.79% p.a.
7.79% p.a.to 25.74% p.a.based on $30,000
over 5 years
