Discounted Personal Loan

 General Lending Rates

• Lending Rate Type: Discount
• Interest Rate: 0.80%, Comparison Rate 6.04%
• Repayment Type: Principal And Interest
• Loan Purpose:

 Product Features

• Digital Banking

• Redraw Additional Information: Access to extra cash if you’re ahead on your repayments.

• Other Additional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly.

• Other Additional Information: Pre-Approval valid for 90 days

• Other Additional Information: No penalties for additional repayments or early payout

• Other Additional Information: Fixed for 5 years then reverts to a variable rate for remaining term up to 10 years.

• Other Additional Information: No monthly account keeping fees

• Other Additional Information: $0 Monthly Fee on Zip account – save up to $6.00 per month ($72 per year)

• Relationship Management Additional Information: Our Program One to One provides a higher level of personalised service to members that have significant business with the Credit Union, measured by borrowings and/or deposits. This is achieved by providing each member with their own Relationship Manager as a single point of contact for all their financial service needs.

 Product Eligibility

• Other Additional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application

• Residency Status - Permanent Residents Of Australia Who Reside In Australia At The Time Of Membership Application Are Eligible For Membership, Regardless Of Citizenship Status..

• Min Age - 18. Additional Information: 18 years and over

• Natural Person - Personal Members Only.

 Bank Fees and Charges

• Personal Loan Application Fee (Upfront), Amount: 250.00.

• Preparation Of Substitute Security (Event), Amount: 75.00.

• Arrears Administration Fee 1 (Event), Amount: 25.00. Additional Information: Payable if you fail to make repayments due under your credit contract and you do not pay an amount sufficient to clear all repayment arrears within 7 days of us notifying you that your account is in arrears.

• Arrears Administration Fee 2 (Event), Amount: 25.00. Additional Information: Payable if you fail to make repayments due under your credit contract and your account remains in arrears for a period of 20 days or more.

• Notice Of Enforcement Fee (Event), Amount: 25.00. Additional Information: Charged whenever an eforcement notice is issued in relation to a credit contract that is not secured by a mortgage over real property.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: Minimum loan size is $20,000.00