Bankstown City Unity Bank personal loan repayment calculator

Thinking about taking out a personal loan with Bankstown City Unity Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bankstown City Unity Bank personal loans compare with other options.

I'd like to borrow

$

Loan term

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Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • No ongoing fees
  • No early exit penalty fees
  • Redraw facility available
  • Low interest rates not available
  • Upfront fees
  • Redraw activation fees

Bankstown City Unity Bank personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

7.99%

Fixed

8.20%

$608

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Bankstown City Unity Bank
More details

9.99%

Fixed

10.55%

$637

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Bankstown City Unity Bank
More details

9.99%

Variable

10.55%

$637

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Bankstown City Unity Bank
More details

13.99%

Variable

14.54%

$698

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Bankstown City Unity Bank
More details

Features of a Bankstown City Union Bank personal loan

Bankstown City Union Bank personal loans include options such as secured and unsecured loans with fixed or variable interest rates.

Current personal loan interest rates from Bankstown City Union Bank range from moderate to high, depending on the loan type. Use RateCity’s comparison tool to find the best personal loan rates available for your needs.

Members who borrow from Bankstown City Union Bank can expect to pay an upfront fee to start their account. However, there are no ongoing monthly fees or early exit penalty fees associated with these loans.

Redraw facilities are available with an activation fee for members who may want to borrow more money at some point.

Bankstown City Union Bank personal loans - customer service

With over 25 branches to visit in Australia, Bankstown City Union Bank members have more opportunities for a face-to-face visit than with smaller banks or online-only banks.

Bankstown City Union Bank also offers its members online and telephone assistance.

Who is eligible for a Bankstown City Union Bank personal loan?

The following criteria needs to be met for members to secure a personal loan with Bankstown City Union Bank:

  • At least 18
  • Good credit
  • Employed with a history of income
  • Be a Bankstown City Union Bank member
  • Provide collateral (for a secured loan)

How to apply for a Bankstown City Union Bank personal loan?

Bankstown City Union Bank member have the following application options:

  • Visit a branch
  • Fill out an online application form
  • Apply by phone

Bankstown City Union Bank personal loans review

With a variety of personal lending options available, Bankstown City Union Bank personal loans cater to a range of borrowing needs.

People looking for help to pay for their renovations or wedding or holiday might find a Bankstown City Union Bank personal loan useful.

However, the interest rates available are moderate at best and high at worst. Borrowers looking for a low-interest personal loan might need to look at other financial institutions.

Redraw facilities are available and could be helpful for members looking to borrow more money down the track. Members should expect to pay a one-time redraw facility activation fee.

There is an upfront fee for Bankstown City Union Bank personal loans, but no ongoing monthly fees or early exit penalty fees – which could offer some money-saving potential over the life of the loan.

Learn more about Bankstown City Unity Bank

Where can I get a personal loan?

The Australian personal loans market contains dozens of lenders offering several hundred different products. Personal loans are available through a range of institutions, including:

There are three main ways to access personal loans. You can go through a comparison website, such as RateCity. You can use a finance broker. Or you can directly contact the lender.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

What are the pros and cons of personal loans?

The advantages of personal loans are that they’re easier to obtain than mortgages and usually have lower interest rates than credit cards.

One disadvantage with personal loans is that you have to go through a formal application process, unlike when you borrow money on your credit card. Another disadvantage is that you’ll be charged a higher interest rate than if you borrowed the money as part of a mortgage.

What do single mothers need to apply for a personal loan?

Like other personal loan applicants, single mothers will likely need to provide a few documents to any potential lender, such as personal identification, bank statements (savings, loans, credit cards), proof of address, and proof of income (payslips, tax returns).

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Are there low doc personal loans?

Self-employed borrowers may be eligible for low doc personal loans, which require less documentation in their application process than many other personal loan options.

It’s important to remember that though low doc personal loans may require less paperwork, you may need to provide additional security, or pay a higher interest rate.