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Family First Credit Union personal loans
Family First Credit Union is a member-owned financial institution that has been operating in Australia since 1967.
With five branches located within New South Wales, Family First Credit Union operates as an internet bank for customers in other states.
Members of Family First Credit Union have access to bank accounts, savings accounts, credit cards, term deposits, home loans and insurance, in addition to personal loans.
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Why choose Family First Credit Union
Family First Credit Union Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of a Family First Credit Union personal loan
Family First Credit Union offers a limited amount of personal loan options for its members to choose from. There are secured and unsecured loans available with variable interest rates.
Family First Credit Union personal loan rates range from moderately high to high, depending on the loan.
The upfront fee for a Family First Credit Union personal loan is just above what you are likely to find from the major banks.
There are no ongoing fees from members who choose to borrow from Family First Credit Union.
A redraw facility is also available, with an activation fee for Family First members who want to borrow back some of their loan.
Family First Credit Union personal loans - customer service
Family First Credit Union only has five branches for Australian customers to visit and they are all located in New South Wales.
Family First serves the rest of Australia as an online bank. Customer service by phone is also available.
Who is eligible for a Family First Credit Union personal loan?
Personal loan applicants will need to meet the following eligibility criteria:
- Pass a credit check
- History of employment
- At least 18
- Term deposit required for secured loan
How to apply for a Family First Credit Union personal loan
Family First Credit Union has a few ways members can apply for a personal loan:
- Fill out an online application form
- By phone
- In person at a branch
Family First Credit Union personal loans review
Personal loan options from Family First Credit Union are quite limited. Members can choose from a secured or unsecured loan with variable rates. A secured loan will require the borrower to have a term deposit with Family First.
Current personal loan interest rates from Family First are high when compared to competitors. Borrowers looking to save money with low interest rates might be unsatisfied with Family First’s interest rates.
A redraw facility is available after paying the activation fee. Members looking to borrow back money will have a minimum amount they can redraw.
The upfront fee for a Family First Credit Union personal loan is a little bit higher than what major banks charge. However, there are no ongoing fees associated with these loans.
Use RateCity to find the best personal loan rates available for your situation.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
