People’s Choice Discounted Personal Loan

Main points to consider with the People's Choice Discounted Personal Loan

To be eligible for this loan you will need a vehicle less than seven years old, or has a value of at least $10,000, to use as security. You can select loan terms of between 1 to 10 years. You can apply for a loan between $10,000 and $100,000.

Flexible repayments are available and you can repay the loan early without penalty. Pre-approval is also available.

Features of the Discounted Personal Loan

The following are some of the features associated with this discounted secured personal loan:

• Low rate. Rates start from a low of 7.99% p.a. and the comparison rate is 8.35% p.a. However, if you select loan terms over five years a variable rate will apply after five years.
• Large loan amounts. You can borrow a minimum of $10,000 to a maximum of $100,000.
• Pre-approval. You can take advantage of pre-approval which is available for 90 days.
• Freedom. There is no set purpose for this loan, so you can use it for anything you want. You can use it to consolidate debt, go on a shopping spree or help tide you over for the new year.
• Loan terms. Loan terms run from 1 to 10 years. Keep in mind that if you select loan terms over five years, a variable rate will apply.
• No monthly fees. There are no monthly fees associated with this loan.
• Straightforward fee structure. The fees for this loan are easy to find and straightforward. There are no monthly fees but you will have to pay a $250 application fee as well as a lock-rate fee if you want to lock in the rate. There is also a redraw fee of $40 if you use a People's Choice teller.
• No fees for additional payments or early payout of loan. You won't have to pay any fees if you make additional payments or pay off your entire loan early.
• Option to redraw extra payments made. You can redraw the extra payments that you've made on the loan if things get a bit tight one month.
• Discounted Zip account. if you apply for a People's Choice Zip account you will pay $0 monthly fee, a saving of $6 per month.

How to apply for the Discounted Personal Loan

To apply for this loan, you simply click on "Go to Site" and make sure you meet the following criteria:

• 18 years old or older
• Information about your assets and expenses
• You must have a stable income
• You need a vehicle that is either under seven years old, or has a value of more than $10,000, to use as security.

You will need to include the following documents when applying for this loan:

• Income details. These include pay slips, child support statements, pension statements, allowances, rental income and commissions.
• Proof you have the asset you wish to use as security. This can be a bank statement showing your term deposit or savings as well as papers showing that you own the vehicle you are submitting as security.
• Expense details. These include utility bills, rent or board payments, loan repayments, credit card repayments, maintenance payments and lease payments.
• Asset information. This includes savings, the value of any motor vehicles you may own and information on shares, bonds or property that you own.
• Proof of ID. This includes your Australian driver's licence number and expiry.

Once approved, you can take advantage of all the features that come with this discounted personal loan. Compare personal loans and choose the one that best meets your financial needs.

Compare other personal loans

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Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.75% to 26.95%	Comp. Rate (p.a.) 6.75% to 26.95%	Application Fee $0	Monthly Fee $0	Monthly Repayment $922.89	Go to siteMore Info Compare
OurMoneyMarket Unsecured Low-Rate Personal Loan Finder award winnerFixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to siteMore Info Compare
Harmoney Unsecured Personal Loan Finder award winnerFixed3 - 7 Years $2,000 - $70,000	Interest Rate (p.a.) 5.76% to 24.03%	Comp. Rate (p.a.) 6.55% to 24.98%	Application Fee $275 - $575	Monthly Fee $0	Monthly Repayment $926.83	Go to siteMore Info Compare
NAB Personal Loan Unsecured Fixed Fixed1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.54% to 21.49%	Application Fee $250	Monthly Fee $10	Monthly Repayment $964.78	Go to siteMore Info Compare
NAB Personal Loan Unsecured Variable Rate Variable1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.54% to 21.49%	Application Fee $250	Monthly Fee $10	Monthly Repayment $964.78	Go to siteMore Info Compare

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