Low Interest Personal Loans and Finance, People – s Choice Credit Union, low interest personal

Personal Loans

Whether you want to buy a new car, go on a holiday, renovate your home or refinance an existing loan, we can help you get the personal loan that’s right for you, with competitive interest rates, fast pre-approval and no monthly fees.

Choose the product that fits you

Termination / Early Repayment Fees

Discounted Personal Loan (New Cars)

A personal loan to help you buy a new car at a low rate

New cars: 5.64% p.a. 1

New cars: 5.99% p.a.*

Low flexible discounted rate, no ongoing fees, available specifically for new car loans using the same motor vehicle as security

New cars: $20,000+ Lower loan amounts available, higher rates apply – refer to the Discounted Personal Loan and Secured Personal Loan Products 1

Lower loan amounts available, higher rates apply

Fixed for the first 5 years, then reverts to standard variable rate 2 (currently 11.55% p.a.)

0.15% fee applies 3

Weekly, Fortnightly or Monthly

Purchase a New Car

Discounted Personal Loan

A low rate, secured personal loan that can be arranged to help you for almost any purpose

Low flexible discounted rate, no ongoing fees with lower rates available when using a motor vehicle, motor cycle, or caravan as security

Fixed for the first 5 years, then reverts to standard variable rate 2 (currently 11.55% p.a.)

0.15% fee applies 3

Weekly, Fortnightly or Monthly

New Cars, Used Cars, Motorbike or Caravan or Term Deposit/Savings

New Cars, Used Cars, Motorbike, Caravan, Travel, Boat, Refinance, Debt Consolidation or any other worthwhile purpose

Unsecured Personal Loan

A personal loan with a fixed rate for the life of your loan and the flexibility of no required security

An unsecured flexible loan with no ongoing fees, which is available for almost any purpose

0.15% fee applies 3

Weekly, Fortnightly or Monthly

Any worthwhile loan purpose

What you need to know

When you apply for a loan, please have this information handy:

  • Income details – pay slips, child support, pensions, overtime, allowances, rental income, commissions etc
  • Expense details – utility bills, rent, board, loan repayments, credit and store cards, maintenance, lease payments etc
  • Asset information – cash savings, value of motor vehicles, shares, bonds, property, furnishings etc
  • Residential and employment details for the last three years
  • Australian driver’s licence number and expiry

Most popular questions.

  • Income details – pay slips, child support, pensions, overtime, allowances, rental income, commissions etc
  • Expense details – utility bills, rent, board, loan repayments, credit and store cards, maintenance, lease payments etc
  • Asset information – cash savings, value of motor vehicles, shares, bonds, property, furnishings etc
  • Residential and employment details for the last three years
  • Australian driver’s licence number and expiry

Depending on the Personal Loan you choose, you can use a new or used car, motorbike, caravan or a term deposit / savings.

You can choose to make your repayments weekly, fortnightly or monthly.

You can even make additional payments without penalty at any time via Phone Banking, Internet Banking, or at any of our branches.

Our Personal Loans start from as little as $2,000 and our Discounted Personal Loans start from as little as $10,000.

Calculate how much you can borrow with our free borrowing calculator here.

No, you can apply for a personal loan with People’s Choice even if you are not a member.

And have no fear, it’s a quick and simple process!

Personal Loan Calculators

Need to organise your finances to prepare for a loan? Take a look at our range of calculators below. Alternatively, get in touch with one of our Financial Planners.

How long will it take to pay back my loan?

Calculate how long it will take you to pay off your loan.

What will my repayments be?

Enter the loan details on the first page of our Personal Loan application and you can see the repayment amount at the top of the page.

You may also be interested in

Buy a car

Take a look at our tips on buying a car, calculate loan repayments and learn how to finance a car – People s Choice can even help you with your car insurance!

Go on a holiday

Tips, travel loans and the need to know when financing your dream holiday from currency conversion and insurance to safety and budgeting. Get planning today!

Need travel insurance? You re in good hands

Promo description text.

1 Sole loan purpose must be to purchase a new vehicle (year of manufacture from 2017) that has not previously been registered or owned, and the vehicle must secure the loan.

2 Fixed for 5 years then reverts to our standard variable rate (currently 11.55% p.a.) for remaining term.

3 Rate Lock fee is 0.15% of the total loan amount and is valid for 60 days from the date of application.

4 Minimum redraw amount is $250 and redraws are free if performed online or at a cost of $40 for an in-branch Staff Assisted Redraw. Redraws are only available if sufficient extra repayments have been made against the loan account.

Terms, conditions, fees, charges and lending criteria apply and are available on application.

* Comparison rates are based on a secured loan of $30,000 with monthly repayments over a term of 5 years.

# Comparison rates are based on an unsecured loan of $10,000 with monthly repayments over a term of 3 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.





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