UniBank personal loans

UniBank
UniBank's overall rating for personal loans

(as rated by the Mozo community)

10.0 / 10

based on 1 reviews

UniBank personal loans offer a range of packages for different needs. Check out our range of personal loans for an overview of interest rates, fees and more. Or you can compare the whole market with our personal loan comparison tools.

UniBank offers the following personal loans

Rates and fees verified as correct at 11 December, 2016. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

13.19% p.a.

13.90% p.a.based on $10,000
over 3 years

$100

9.95% p.a.

10.64% p.a.based on $10,000
over 3 years

$100

8.39% p.a.

8.53% p.a.based on $30,000
over 5 years

$100

11.45% p.a.

12.15% p.a.based on $10,000
over 3 years

$100

* 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 for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and 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 UniBank personal loans:

When UniCredit merged with Teachers Mutual Bank in 2015 it became UniBank, a go-to financial provider for Australians working in the education sector. As a mutual bank, UniBank returns profits to members in the form of competitive interest rates and minimum fees. With no less than four personal loan types to offer customers, here’s the lowdown detailed below...

What personal loans do UniBank offer?

Unsecured personal loan

Dubbed the “All Purpose Loan”, this unsecured loan is a good all-rounder. As well as being UniBank’s only loan type suitable for debt consolidation, you can also take it out for  a home reno or wedding. The interest rate is variable, meaning UniBank may decide to change it over the loan term. The All Purpose Loan is an unsecured loan so you won’t need to tie it to an asset, you’ll just pay slightly higher interest rate. Loan amounts start from $2,000 to $80,000 and can be repaid on a term of up to six years. You can make extra repayments and pay zero fees, plus a fee-free redraw facility is also available to withdraw funds from any extra loan repayments. No break fees apply to the All Purpose Loan, and another bonus is the lack of monthly account-keeping costs with the exception of a one-off starter fee.

Car loan

Vintage car lovers looking for a loan, this type could be your one. The UniBank car loan finances new or used cars up to ten years old, plus classic cars 30+. Loan features are almost identical to the All Purpose Loan listed above, but you have the option to secure the vehicle against the loan for a lower variable interest rate. Loan amounts begin at $2,000 up to the $50,000 mark. With the UniBank car loan you can jazz up your car with accessories and include the cost in the grand total.

Travel loan

A UniBank travel loan helps finance holidays that cost between $2,000 to $30,000 and is repaid over a maximum term of five years. Not only does this product have the same nifty features as the UniBank’s All Purpose Loan , you can enjoy your holiday and pay less in interest thanks to a lower variable rate.

UniBank personal loan features at a glance

No monthly fees: 

Even small monthly fees can add up quickly, but with UniBank personal loans there are none.

Repayment flexibility: 

UniBank customers have the option to choose between weekly, fortnightly and monthly repayments.

Extra repayments: 

You can make extra repayments without needing to pay more in fees.

No break cost: 

If you want to repay your loan before the term ends, UniBank won’t penalise you for it.

Redraw facility: 

There are zero fees involved with dipping into extra repayments via the redraw facility.

UniBank customer reviews:

For customer reviews on UniBank’s rates and customer service in relation to its personal loans look no further than here.

How do you apply for a UniBank personal loan?

It won’t take long to get your UniBank personal loan up and running. Just take a few minutes and become a member (unless you are) before printing and filling out the application form found online. If you don’t want to mail or fax it to the WA office, call UniBank and apply verbally.

To apply for a personal loan with People’s Choice you will need:

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