8.4 / 10

based on 57 reviews as rated by Mozo community

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...

UniBank offers the following personal loans

Rates and fees verified as correct at 25 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
All Purpose Loan (Fixed, Unsecured)

9.95% p.a.

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

$100

All Purpose Loan (Variable, Unsecured)

13.19% p.a.

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

$100

Car Loan (Fixed, Secured)

4.99% p.a.

5.66% p.a.based on $10,000
over 3 years

$100

Car Loan (Variable, Secured)

9.95% p.a.

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

$100

Secured New Car Loan (Variable)

8.39% p.a.

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

$100

Travel Loan (Variable, Unsecured)

11.45% p.a.

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

$100

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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UniBank personal loans overview

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

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:


How are UniBank personal loans rated?

Mozo users have rated UniBank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
UniBank personal loans
Overall
9.0/10
Price
Features
Customer service
Convenience
Trust

5 Reviews

Recent UniBank personal loan reviews

UniBank Student Personal Loan review
Overall 10/10
wonderful in service

I need loan to pay up my school fee.

Read full review

I need loan to pay up my school fee.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Christopher, Victoria reviewed over 5 years ago
UniBank Personal Loan review
Overall 6/10
So far it's been good service - very friendly

I was inquiring about the card status. The first rep I couldn't understand at all. He said he was going to transfer me, but disconnected the call. The second rep transferred me to someone else. She was fine until I started asking questions. Then her tone became rude and annoyed. She couldn't handle someone who was upset and tried to not even honor my request for a supervisor until I forced her to. The supervisor pretty much admitted that this is the culture they have.they do not have supervisors available for reps when they have a request for one. As someone whose worked in customer service one the phones in different industries I find it to be disturbing. It is not a company I ever will deal with again and I would highly discourage anyone else from dealing with them as well.

Read full review

I was inquiring about the card status. The first rep I couldn't understand at all. He said he was going to transfer me, but disconnected the call. The second rep transferred me to someone else. She was fine until I started asking questions. Then her tone became rude and annoyed. She couldn't handle someone who was upset and tried to not even honor my request for a supervisor until I forced her to. The supervisor pretty much admitted that this is the culture they have.they do not have supervisors available for reps when they have a request for one. As someone whose worked in customer service one the phones in different industries I find it to be disturbing. It is not a company I ever will deal with again and I would highly discourage anyone else from dealing with them as well.

Price
8/10
Features
7/10
Customer service
8/10
Convenience
6/10
Trust
8/10
Less
Mozo community reviewer, Northern Territory reviewed over 7 years ago
UniBank Personal Loan review
Overall 10/10

Customer service support and assistance is outstanding always friendly and happy to help.

Read full review

Customer service support and assistance is outstanding always friendly and happy to help.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Pat, Western Australia reviewed over 10 years ago
UniBank Personal Loan review
Overall 9/10

The convenience of a smaller bank, with a competitive interest rate on my personal loan makes it a definitely my first choice for any new bank accounts I would open in the future.

Read full review

The convenience of a smaller bank, with a competitive interest rate on my personal loan makes it a definitely my first choice for any new bank accounts I would open in the future.

Price
9/10
Features
5/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Casey, Western Australia reviewed over 10 years ago

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