Circle Alliance Bank personal loan repayment calculator

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

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • No monthly fees
  • Internet banking access
  • Additional repayments allowed
Cons
  • Charges an application fee
  • Moderate interest rates
  • Limited range of loans

Circle Alliance Bank personal loans rates

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

7.90%

Variable

8.15%

$607

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Circle Alliance Bank
More details

12.90%

Variable

13.12%

$681

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Circle Alliance Bank
More details

14.50%

Variable

14.73%

$706

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
Circle Alliance Bank
More details

Features of Circle Alliance Bank personal loan

Because Circle Alliance Bank is a smaller personal loan lender, it has a thin range of loan options. Circle Alliance Bank offers both secured and unsecured personal loans with variable interest rates. Circle Alliance Bank personal loans have a maximum borrowing amount of $100,000 and a maximum term of seven years.

Circle Alliance Bank personal loan rates tend to be moderate. In general, interest rates will be higher on unsecured loans than secured loans.

Circle Alliance Bank does not charge a monthly account-keeping fee on any personal loans, although it does charge an application fee.

Circle Alliance Bank personal loans - customer service

Circle Alliance Bank offers customer service via phone and email, or within a bank branch.

Customers can email Circle Alliance Bank at any time or call its customer service number during business hours.

Who is eligible for a Circle Alliance Bank personal loan?

  • Must be at least 18 years old
  • Must be a permanent Australian resident or citizen with an Australian residential address

How to apply for a Circle Alliance Bank personal loan?

  • After you’ve chosen your loan, click ‘Apply Now’
  • Complete the online application form
  • Submit the online application form and wait for a response

Circle Alliance Bank personal loans review

Circle Alliance Bank is a small customer-owned bank, which means that although it may not provide a wide range of loans, it can offer reasonable personal loan interest rates and fees.

Circle Alliance Bank offers secured and unsecured loans with terms of up to seven years. Its current personal loan interest rates are moderate for both secured and unsecured options. If you’re looking for the best personal loan rates, it may be best to compare personal loan rates before applying.

The features of Circle Alliance Bank personal loans vary from product to product, but all loans allow additional repayments with no penalty. Circle Alliance Bank does not charge ongoing or monthly fees, but customers are charged a fee upon applying.

All Circle Alliance Bank customers have access to an internet banking portal.

Learn more about Circle Alliance 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.

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 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.

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 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.

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.

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.

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.

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).

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.

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.

Which lenders offer bad credit personal loans?

Several dozen lenders offer bad credit personal loans in Australia. These are generally smaller lenders that aren’t household names.

Can I get guaranteed approval for a bad credit personal loan?

Few, if any, lenders would be willing to give guaranteed approval for a bad credit personal loan. Borrowers with bad credit histories can have more complicated financial circumstances than other borrowers, so lenders will want time to study your application. 

It’s all about risk. When someone applies for a personal loan, the lender evaluates how likely that borrower would be to repay the money. Lenders are more willing to give personal loans to borrowers with good credit than bad credit because there’s a higher likelihood that the personal loan will be repaid. 

So a borrower with good credit is more likely to have a loan approved and to be approved faster, while a borrower with bad credit is less likely to have a loan approved and, if they are approved, may be approved slower.

What causes bad credit ratings/scores?

Failing to repay loans and bills will damage your credit score. So will falling behind on your repayments. Your credit score will also suffer if you apply for credit too often or have credit applications rejected.

How long does it take to get a bad credit personal loan?

In the best-case scenario, an application for a bad credit personal loan can be made within minutes and then be approved within 24 hours. However, if a lender needs more information or needs more time to verify the provided documents, the application process may take longer.