This credit union has taken nearlly 4 weeks to approve our car loan, after constant questioning about individual items on our bank statement etc my wife and i are are fed up. We have done buisness before with them and in december had just finished paying a loan back of 900$ p/m over 5 years so we though it would be easy to get another for 700$ p/m, how we where wrong. Their customer service is non exsistent and my wife who is a high income bracket earner working in the financial disputes and the legal profession couldnt believe the questions that have been asked of us. My advice dont do any buissness with peoples choice, eventually you will regret it. We are in the process of cancelling our loan application and closing accounts, weve instructed family members to do the same.
Applied for a car loan. only need 40k for a 65k loan. 10 days later they tell me they will now start the loan process. which they say will take at least another 2 days. no contact. no information or assistance. I will never use them again and will be calling to cancel the loan. such a waste of my time
Low interest rate, great customer service!
People's Choice had great customer service and gave me a good insurance deal on my car too which ended up being less than my previous insurer even after an accident!
I have been with PC for many years. I was after a small car loan. Agent was determined to include my husband in the loan when it didn't relate to him. She was also determined to include expenses that my husband dealt with. Obviously they were not planning to give me the loan as they never rang back to see why I never completed the application. Would not recommend this institution.
Great for during the term of the loan, but terrible interest rate after the 5 years, and no other suitable product to take over a smaller loan amount.
We live in Remote NT so popping into the Bank is not a possibility. People's Choice were so easy to deal with. Very efficient. Very helpful. An absolutely smooth transaction.
Didn't know too much about the bank - Just had car loan through it. Have paid car off and not with them anymore
Set up a secured car loan with People's Choice as they had the most competitive price. Excellent customer service in store and had my account set up in no time, they also went out of their way to chase up some extra financial loose ends. Very thorough service.
This bank had great customer service until my signature was on the page. Once they knew I was locked in they fell apart. I waited in the bank for 30 minutes of my 40 minute lunch break for a lady to tell me that I did not know what I was talking about. She finally left the room after 20 mins of signing more paperwork for her supervisor to tell her that all that I had just done was wrong and that I did know what I was talking about. She re-entered the room and said a very short sorry and that I could go now.
Not only do they have a great interest rate but any bank who provides in-branch entertainment for kids and free coffee for me wins my vote!
The loan itself was great, nearly everything was explained in detail. We could pay it out quicker with no penalties, BUT with the loan insurance we were not told this time that even if we paid out the loan early we would not receive back the proportion of insurance that wasn't used. With past loans we have paid out early with them, we have always received our unused insurance in cash form. Now they keep the unused portion of insurance just in case you take a loan out in the next 12 months???? Sorry, but that's my money. Insurance is not cheap and why should they get to keep it when it when the loan is paid out. I won't be using them for a car loan ever again, and will definitely do my research first. FYI we paid out the load in half the time so presumed we would get about $1800 back from insurance.
They have no fees till over 25 years of age. A very low interest rate even with it being my first loan. They help with every step of transferring my loan an made life very easy.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 7.29% would cost $36,387.95 including fees.
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 6.24% would cost $35,880.27 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 8.49% would cost $37,420.08 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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