Endeavour Mutual Bank Unsecured Personal Loan
- Interest Rate (p.a.)
- 7.99%
- Comp. Rate (p.a.)
- 8.20%
- Min Loan Amount
- $1,000
Summary
Borrow from $1,000 up to $40,000, with terms up to 7 years. Interest charges and establishment fees apply.
- Endeavour Mutual Bank and Sydney Mutual Bank have merged and from November 2021 will be known as Australian Mutual Bank. We have kept this page for historical records and for those interested.
Endeavour Mutual Bank's Unsecured Personal Loan offers a 24 to 48 hour approval time. This loan is unsecured and borrowing amounts range between $1,000 up to $40,000. This loan has no monthly account keeping fees and no early payment penalties. It also offers a redraw facility. Interest rates for this loan start from 7.99% p.a., with a comparison rate of 8.20% p.a. There is also an establishment fee of $150.
Details
Product details
| Product Name | Endeavour Mutual Bank Unsecured Personal Loan |
| Interest Rate (p.a.) | 7.99% |
| Comp. Rate (p.a.) | 8.20% |
| Interest Rate Type | Variable |
| Min Loan Amount | $1,000 |
| Max. Loan Amount | $40,000 |
| Loan Security | Unsecured |
Main points to consider with the Endeavour Mutual Bank Unsecured Personal Loan
An Endeavour Mutual Bank Unsecured Personal Loan comes with a competitive variable interest rate of 7.99% p.a. and a comparison rate of 8.20% p.a. As a variable rate, this interest rate might change over the course of the loan and your repayments may increase as a result.
The minimum borrowing amount for this loan is $1,000. Borrowing amounts between $40,000 and $50,000 will require a security, typically your car. The maximum unsecured loan amount will depend on your application and will be judged depending on your personal circumstances. This loan has a term of up to 7 years.
Features of the Endeavour Mutual Bank Unsecured Personal Loan
- Fast approval time. Endeavour Mutual Bank claims to approve your loan application in 24-48 hours.
- Online application process. Apply for this loan entirely online.
- Unsecured up to $40,000. There's no need to use your assets as security on this loan up to a borrowing amount of $40,000.
- Competitive comparison rate. Enjoy a competitive comparison rate of 8.20% p.a. on this loan. Be aware that this is a variable rate loan, so this rate could change.
- Redraw facility available. If you find that you're hit with an unexpected expense this month, you can access your repayments using this loan's redraw facility.
- No early payment penalties. Pay off your loan early and save yourself money long term.
- No account-keeping fees. There are no hidden monthly fees to pay on top of your repayments with this unsecured personal loan.
Fees and charges
- Establishment fee. Expect to pay a $150 establishment fee.
How to apply for the Endeavour Mutual Bank Unsecured Personal Loan
If you think that Endeavour Mutual Bank's Unsecured Personal Loan could be the right loan for you, click the "Go to Site" button. Before you submit your application, be sure that you meet the eligibility criteria and you:
- Are over 18 years old
- Are an Australian citizen or permanent resident
- Have no defaults on your credit report
You will also need the following documentation to apply for this loan:
- Your Australian driver's licence number
- Your employment details, income and living expenses
- Details of anything you owe on credit cards, or any other outstanding loans
- Details of any assets that you own
Endeavour Mutual Bank's Unsecured Personal Loan offers a competitive rate and many appealing features to potential borrowers. However, always be sure to compare your unsecured personal loan options thoroughly and make sure that your chosen loan product best suits your circumstances, before submitting an application. Application rejections can harm your credit rating.
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