Sydney Mutual Bank Unsecured Personal Loan

Main points to consider with a Sydney Mutual Bank Unsecured Personal Loan

The Sydney Mutual Bank Special Offer Unsecured Personal Loan offers an introductory interest rate of 7.99% p.a. and no annual or monthly fees apply to the loan. Early repayments can be made at any time without additional fees and any surplus loan repayments can be withdrawn, if certain conditions are met. Borrowers have the opportunity to bundle optional loan repayment insurance and/or vehicle insurance with the loan.

Features of the Sydney Mutual Bank Unsecured Personal Loan

• Convenient loan amount. Borrow exactly what you need, with loan amounts available between $1,000 and $40,000.
• Loan term options. Choose a loan term to suit your needs, taking into account the amount of the loan and the ongoing repayments you can afford. Loan terms are available between 1 to 7 years.
• Interest rate. This special offer unsecured personal loan features a competitive interest rate of 7.99% p.a.
• Waived application fee. The loan normally attracts a $150 application fee.
• No annual or monthly fees. Even after the introductory period is over, no annual or monthly fees apply to the loan.
• No security required. As an unsecured personal loan, no assets are required to be offered as security for the loan amount.
• Fee-free early repayments. Repay the loan as early as you like without incurring early repayment fees.
• Redraw facility. Feel secure making extra payments at any time, as the Sydney Mutual Bank Special Offer Unsecured Personal Loan allows for loan redraws as needed. This feature only applies when loan repayments are in advance of at least one month's normal repayments plus $100 and attracts a fee of $20 each time.
• Loan repayment insurance. Borrowers can choose to bundle one of several optional loan repayment insurance products with the loan, to ensure that loan repayments are made in the event of an accident, injury or unemployment.
• Vehicle insurance. Borrowers can choose to bundle comprehensive or third party motor vehicle insurance with the loan.

How to apply for a Sydney Mutual Bank Unsecured Personal Loan

Ready to apply? It's as simple as clicking "Go to Site" and beginning the application process online. Before you do, though, make sure you're aware of the following standard eligibility requirements for the loan:

• Australian citizen or permanent resident
• At least 18 years of age
• Earning a regular, permanent income

It is always a good idea to have at hand the documents you might need so you can speed through the online application. Gather the following for yourself (and your co-applicant if applying jointly) before starting the application process:

• The purpose of the loan, the amount required and the proposed loan term.
• Driver's licence number and expiry date.
• Employment income, including the name of your employer, duration of employment, amount and frequency of gross income. You will also need to supply two current payslips or a letter from your employer.
• If self-employed, you will need to supply your tax returns or profit and loss statements for the previous two years.
• Details and current value of all assets you own, including property, vehicles, cash and superannuation.
• Details of financial commitments, including outstanding balances and repayment amounts and frequencies. You will need to supply the most recent statements for all financial commitments.
• Detailed breakdown of your monthly costs of living, including utilities, communication, education, clothing, food, healthcare, insurance, transport and other ongoing monthly expenses.
• Contact details of two referees in Australia who do not live with you or each other.

The Sydney Mutual Bank Special Offer Unsecured Personal Loan could be an excellent loan choice depending on your circumstances. As with any other personal loan product, it is always a good idea to compare your options to ensure that you choose the right lender and the best personal loan product to suit your needs.

Compare other personal loans

1 - 6 of 6

Updated regularly

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 ($5,000-$75,000) Finder award winnerFixed1 - 7 Years $5,000 - $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
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $70,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $973.85	Go to siteMore Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
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.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	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.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to siteMore Info Compare

loading

Load More

Showing 6 of 6 results