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UniBank All Purpose Personal Loan

Advertiser disclosure

The details shown below are for a variable loan between $4,000 and $80,000

The details shown below are for a fixed loan between $4,000 and $80,000

Choose the version of this loan that suits you best

  • Loan: $4,000 $80,000

  • Loan: $4,000 $80,000

Interest rate from
11.99% p.a.
Comparison rate from
12.14% p.a.based on $10,000
over 3 years
Upfront fee
$100
Interest rate from
8.50% p.a.
Comparison rate from
8.64% p.a.based on $10,000
over 3 years
Upfront fee
$100

Mozo editorial review UniBank All Purpose Personal Loan - last updated: 22 February 2022

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What's hot
  • 8.50% p.a. fixed rate (8.64% p.a. comparison rate*)
  • 2022 Mozo Experts Choice Award winner for Best Used Car Loan
  • Extra repayments and redraws allowed
What's not
  • $100 upfront fee
Mozo snapshot

After a loan that could fund your next vehicle purchase, consolidate your debt or cover your wedding? Say hello to the UniBank All Purpose Personal Loan. This product comes with two options: fixed or variable. Plus, no matter what you choose there are minimal fees and flexible repayment options. Not only that, the fixed version of this loan snapped up a 2022 Mozo Experts Choice Award for Best Used Car Loan.

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Key features

The UniBank All Purpose Personal Loan is an unsecured product that is all about choice from the interest rate type and loan length to making repayments. Plus, it can be used to fund a range of things from debt consolidation, a wedding, a holiday or even a big purchase like a car. 

On the one hand, the fixed rate option sits at 8.50% p.a. (8.64% p.a. comparison rate*) which remains the same over the life of a 2 to 6 year loan. Alternatively, the variable rate option comes with a 11.99% p.a (12.14% p.a. comparison rate*) which can change during your loan term (anywhere between 0 and 6 years) if the market moves and UniBank decides to shift rates. 

Both the fixed and variable options come with the same choice of repayment schedule, allowing borrowers to pay either on a weekly, fortnightly or monthly basis. Similarly, both offerings allow customers to make extra repayments and access a redraw facility if they want to. It’s important to note though, for the variable option there is no early repayment penalty for those that pay off their entire debt ahead of time. However, bear in mind that an early repayment penalty will be calculated at cost for fixed rate loans. 

Need more convincing? If you have your eyes on a pre-loved set of wheels, you’ll be pleased to know that the fixed rate UniBank All Purpose Personal Loan snapped up a 2022 Mozo Experts Choice Award for Best Used Car Loan.

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Who is it good for

This loan is a good option for anyone looking to borrow between $4,000 and $80,000 and needs the freedom to personalise their loan whether it’s interest rate type, repayment schedule or loan term (or all of the above).

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Any catches

While there is no ongoing service charge attached to this loan, don’t forget to budget in the upfront $100 fee. Plus, ensure you make your regular repayments on time otherwise you’ll have to cough up a $10 late payment fee each time you miss one.

Details

Rates and fees information correct as at 20 May 2022. 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

variable

11.99% p.a.variable

12.14% p.a.based on $10,000
over 3 years

Fees

$100.00

$0.00

$10.00

$0.00

0

Other financial bits

$4,000.00

$80,000.00

0 Years

6 Years

Unsecured

Features

Weekly, Fortnightly, Monthly

yes

yes

none

none

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.

Details

Rates and fees information correct as at 20 May 2022. 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

8.50% p.a. fixed

8.64% p.a.based on $10,000
over 3 years

Fees

$100.00

$0.00

$10.00

$0.00

At cost

Other financial bits

$4,000.00

$80,000.00

2 Years

6 Years

Unsecured

Features

Weekly, Fortnightly, Monthly

yes

yes

none

none

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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