People’s Choice Unsecured Personal Loan
- Interest Rate (p.a.)
- 8.99%
- Comp. Rate (p.a.)
- 10.73%
- Min Loan Amount
- $2,000
Summary
Take advantage of pre-approval and flexible repayments with this unsecured personal loan from People’s Choice Credit Union.
If you’re looking for flexible loan to renovate your home, consolidate your debt or for anything else, you may want to consider this unsecured personal loan from People’s Choice. The loan amounts that you can apply for start as low as $2,000 and can go as high as $40,000.
3 things you should know about this loan
- Flexible repayments. You can choose your repayment frequency – weekly, fortnightly or monthly – and you're able to make additional repayments or repay the loan early without penalty. A redraw facility is also available.
- High establishment fee. There is a $250 application fee attached to this loan.
- Various loan amounts available. Apply for between $2,000 and $40,000.
Pros
-
Fixed interest rate
-
Flexible repayments
-
Redraw facility
Cons
-
High establishment fee
Details
People's Choice CU Unsecured Personal Loan
| Product Name | People's Choice CU Unsecured Personal Loan |
| Interest Rate (p.a.) | 8.99% |
| Comp. Rate (p.a.) | 10.73% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $2,000 |
| Max. Loan Amount | $40,000 |
| Loan Security | Unsecured |
Main points to consider with this personal loan
This loan is unsecured and you can apply for between $2,000 and $40,000. You won't pay any monthly fees and if you apply for a People's Choice Zip account you will also pay $0 monthly fees on your account, saving you $72 a year.
Your interest rate will be fixed for the duration of your loan term, which can extend up to 7 years. You can make extra repayments and repay your loan early without penalty. Pre-approval is available with this personal loan and remains valid for 90 days.
Features of the People's Choice Credit Union Unsecured Personal Loan
The following are some of the features that come with this unsecured personal loan:
- Fixed interest rate. This loan comes with a fixed interest rate that will be confirmed when you apply.
- Available rates. Depending on your creditworthiness, you'll receive a rate of 8.99% p.a. (comparison rate 10.73% p.a.)
- No monthly fees. There are no monthly fees associated with this loan.
- Flexible repayments. You can choose weekly, fortnightly or monthly repayments.
- Redraw facility. You can make extra repayments and redraw the funds whenever you need them.
- Access to online banking. You will have easy access to your money through online banking, which allows you to redraw any extra repayments that you've made with ease.
- Loan term options. Loan terms run from 1 to 7 years.
- Loan amounts. With this loan, you are able to apply for a minimum of $2,000 and a maximum amount of $40,000.
- No penalties for early payout or additional repayments. You won't incur a fee for paying off your loan early or for making additional repayments.
- Pre-approval. You can get your loan pre-approved for 90 days, which will give you an idea of how much you can borrow.
- Fee structure. There is a $250 application fee for this loan.
How to apply for the People's Choice Credit Union Unsecured Personal Loan
To apply for this loan, you simply click on "Go to Site" and ensure you meet the following requirements:
- You must be 18 or older
- You must share you residential and employment details for the last three years
- You must have a stable income
The documents you need for this application include the following:
- Income details. These include pay slips, child support statements, pension statements, allowances, rental income and commissions.
- 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.
Although there are a number of benefits to choosing this personal loan, it's important to compare personal loans and choose one that meets your current financial situation.
Compare Personal Loans
Compare alternatives
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these ):
Compare other products from People's Choice
- People's Choice credit cards
- People's Choice home loans
- People's Choice savings accounts
- People's Choice term deposits
- People's Choice car loans
- People's Choice car insurance
Your reviews
Courtney Finder
Graduate publisher
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Angus Kidman Finder
November 11, 2024
Hi Rose, It might make sense to chat with the National Debt Helpline on 1800 007 007. You also might be eligible for a no-interest loan from Good Shepherd – that’s worth checking out to help get you through an emergency. Good luck!
Show more Show less
Tamika
May 03, 2018
Yes, I need a loan, please.
Jeni Velasco Finder
May 04, 2018
Hi Tamika,
Thank you for getting in touch with Finder.
If you are considering taking a loan with People’s Choice, kindly visit their website or call them directly. Please ensure you meet the criteria above and supply the documents they need before applying.
You can also visit our list of unsecured personal loans to compare lenders that will allow you to borrow funds without using an asset as collateral. Please use our comparison table to help you find the lender that suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
As a gentle reminder, please ensure that you read through the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this helps.
Have a great day!
Cheers,
Jeni
Show more Show less
ROSE
November 11, 2024
i need loan urgently i have low credit score not a lot in my bank account at the moment trying to pay my bills