Their personal loan rate is alright. Not the worst but not the best
Quick and quite reliable.
I spoke to Credit Union SA about organising a Personal Loan, they discussed my options, and recommended an option which drew on the available equity in my home, to give me the lowest rate possible (5.72% variable), I paid a very low and reasonable set-up fee, then have a set minimum repayment, but can pay more whenever I feel like it, and no penalties for early repayment.
I really don't have any cons about my bank that I bank with as they've been really good and helpful to me. I applied for a personal loan and they were next to me step by step and they did what ever they could do to help me get the loan I wanted so THANK YOU CREDIT UNION. :D
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Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.85% would cost $34,923.63 including fees.
Repayment terms from 2 years to 7 years. Representative example: a 5 year $30,000 loan at 5.95% would cost $34,757.21 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 3 year $10,000 loan at 6.89% would cost $11,097.66 including fees.
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,832.61 including fees.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.95% would cost $36,194.71 including fees.
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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