Coastline Credit Union personal loan repayment calculator

Thinking about taking out a personal loan with Coastline Credit Union? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Coastline Credit Union 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 monthly fees
  • Free redraw facility
  • Additional repayments allowed
  • Charges an establishment fee
  • Moderate interest rates on unsecured loans
  • Limited branch access

Coastline Credit Union personal loans rates

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

4.61%

Variable

11.42%

$561

based on $30,000 loan amount for 5 years

$200

Redraw facility
Extra repayments
Fully drawn advance
Secured
Coastline Credit Union
More details

4.61%

Variable

5.96%

$561

based on $30,000 loan amount for 5 years

$200

Redraw facility
Extra repayments
Fully drawn advance
Secured
Coastline Credit Union
More details

7.75%

Variable

8.03%

$605

based on $30,000 loan amount for 5 years

$200

Redraw facility
Extra repayments
Fully drawn advance
Secured
Coastline Credit Union
More details

11.44%

Variable

12.85%

$659

based on $30,000 loan amount for 5 years

$200

Redraw facility
Extra repayments
Fully drawn advance
Secured
Coastline Credit Union
More details

13.75%

Variable

14.05%

$694

based on $30,000 loan amount for 5 years

$200

Redraw facility
Extra repayments
Fully drawn advance
Secured
Coastline Credit Union
More details

Features of Coastline Credit Union personal loan

Coastline Credit Union offers both secured and unsecured personal loans, though their selection is smaller than you may find with larger banks in Australia. Coastline Credit Union personal loans have a flexible loan period and a maximum borrowing amount of $200,000.

Coastline Credit Union personal loans allow additional repayments and provide a free redraw facility. While Coastline Credit Union does not charge a monthly fee, it does charge an establishment fee.

Current personal loan interest rates for Coastline Credit Union loans range from very low to moderate. Coastline Credit Union’s best personal loan rates can be found with their secured loans.

Coastline Credit Union personal loans - customer service

Customers can contact Coastline Credit Union by phone, email or mail. Customers are also invited to visit a bank branch.

Customer service is available during business hours, but customers with lost or stolen cards can call at any time.

Who is eligible for a Coastline Credit Union personal loan?

  • Must be at least 18 years old
  • Must be a permanent Australian resident or citizen
  • Must be in paid employment
  • Must not have been bankrupt

How to apply for a Coastline Credit Union personal loan?

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

Coastline Credit Union personal loans review

As a small personal loan lender, Coastline Credit Union offers fewer loans than larger banks. However, Coastline Credit Union provides customers with both secured and unsecured options.

Coastline Credit Union personal loans have flexible loan repayment options and flexible loan periods. Customers can borrow up to $200,000. Coastline Credit Union charges customers a loan establishment fee, but does not charge a monthly account-keeping fee.

The features of Coastline Credit Union personal loans vary from product to product, but all Coastline Credit Union personal loans allow additional repayments and provide a free redraw facility.

Coastline Credit Union personal loan rates tend to range from very low to moderate. In general, customers receive lower personal loan interest rates on secured loans versus unsecured loans.

Before applying for a personal loan, it’s best to compare personal loan rates to find the right option for you.

Learn more about Coastline Credit Union

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.

Are there emergency loans with no credit checks?

While many personal loans require a credit check as part of the application process, some personal loans and payday loans have no credit checks, which may appeal to some borrowers with a bad credit score.

Keep in mind that even if a loan is available with no credit check, the lender will likely want to confirm that you can afford the repayments on your current income.

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.

What are the pros and cons of bad credit personal loans?

In some instances, bad credit personal loans can help people with bad credit history to consolidate their debts, which can help make it easier for them to clear those debts. This is because the borrower might be able to consolidate several debts with higher interest rates (such as credit card loans) into one single debt with a lower interest rate and potentially fewer fees.

However, this strategy can backfire if the borrower spends the loaned funds instead of using it to repay the new loan. Another disadvantage of bad credit personal loans is that they have higher interest rates than regular personal loans.

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.

Do $4000 loans have no credit checks?

Many medium amount loans for $4000 have no credit checks and are instead assessed based on your current ability to repay the loan, rather than by looking at your credit history. While these loans can appear attractive to bad credit borrowers, it’s important to remember that they often have high fees and can be costlier than other options.

Personal loans for $4000 are more likely to have longer loan terms and will require a credit check as part of the application process. Bad credit borrowers may see their $4000 loan applications declined or have to pay higher interest rates than good credit borrowers.

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.

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.

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.

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.

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 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.

How can I get a $3000 loan approved?

Responsible lenders don’t have guaranteed approval for personal loans and medium amount loans, as the lender will want to check that you can afford the loan repayments on your current income without ending up in financial hardship.

Having a good credit score can increase the likelihood of your personal loan application being approved. Bad credit borrowers who opt for a medium amount loan with no credit checks may need to prove they can afford the repayments on their current income. Centrelink payments may not count, so you should check with the lender prior to making an application.

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 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.