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.
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.
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.
They were the only Bank to give me a car loan. The major Banks all refused to give me a loan because I was not in permanent employment. At 70 that is near impossible. I had more than enough collateral to cover the repayments on the $11,000 loan.
Very competitive car loan was much cheaper than Bendigo Bank. The people in People's Choice are very friendly and customer attention is exceeding our expectations. Will choose them for our home loan.
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Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 3.74% would cost $33,338.96 including fees.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,507.61 including fees.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.09% would cost $34,442.49 including fees.
Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 6.19% would cost $35,357.29 including fees.
Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.59% would cost $35,695.00 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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