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Personal Loans

Revolving Personal Loan

Ongoing readily available finance for maximum flexibility.

This is the perfect solution when you need ongoing readily available finance with the flexibility of Visa Debit Card access and the control of a Personal Loan.

We have eliminated the need to repeat paperwork when you require funds. You can access funds at your convenience for those projects around the house or even a wedding.

You are not required to pay any scheduled loan repayments, however you can choose to make repayments in order to reduce interest charged and save money. Our friendly Lending Consultants will provide you with the repayment amount you would need to pay to finalise the debt over a designated period of time determined by you.


Main Features

  • Additional repayments accepted.
  • $10,000 minimum loan amount.
  • $25,000 maximum loan amount.
  • Ongoing loan term.

Interest

Calculated daily and charged monthly in arrears.

Repayments

There are no set repayments. It is recommended that you make principal and interest repayments to reduce your loan balance.1

Security

This loan is typically unsecured.

  1. If at any time the unpaid balance of the amount exceeds the credit limit, you must immediately repay such amounts as is necessary to reduce the unpaid balance to the credit limit.

Rates & Fees

Interest Rate (p.a.)1 12.55%
Comparison Rate (p.a.) N/A
Application Fee $0
Establishment Fee2 $90
Monthly Fees $0
Annual Service Fees $35 p.a.

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

  1. Interest Rates effective 20 December 2011. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
  2. Only payable if loan is funded.

Calculators

Borrowing Power

Find out how much you can expect to borrow based on your current salary and existing financial commitments.

 

Loan Repayments

Work out what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

 

Extra Repayments

Calculate how much time and interest you can save by paying more than the minimum repayment.

 

Lump Sum Repayments

Calculate the time and interest you can save by paying a lump sum off your loan.

 

More Information

Download

Personal Loans Brochure

We understand there are all sorts of reasons why you may need to borrow money. That’s where our competitive Personal Loans come in.

 

How do I apply?

Download

Download a Personal Loan Application

Complete the application and return it to the Credit Union by mail, fax or take it to one of our Member Service Centres.

 

Download

Download a Personal Loan Documentation Checklist

For a list of the documents required to apply for your Loan.

 

Book

Speak to a Consultant

For more information please call one of our friendly Lending Consultants on 1300 654 822.