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- First Option Bank
- VIP Personal Loan (existing HL customer)
VIP Personal Loan (existing HL customer)
- 1 to 7 years
- Unsecured
- Variable Rate
- No ongoing fees
Interest rate p.a.
7.99%
Comparison rate* p.a.
8.24%
VIP Personal Loan (existing HL customer)
- 1 to 7 years
- Unsecured
- Variable Rate
- No ongoing fees
Interest rate p.a.
7.99%
Comparison rate* p.a.
8.24%
Calculate your repayments for this loan
$
Your estimated repayment
$627
based on 20000 loan amount for 3 years at 7.99%
Pros and Cons
For VIP Personal Loan (existing HL customer)
Benefits
- Lower than average rate
- No ongoing fees
- Lower than average application fees
- Unlimited extra repayments
- Redraw facility
- Flexible repayment options
- No security required
- Can apply online
- Use the loan for any worthwhile purpose
Drawbacks
- Cannot apply in branch
First Option Bank Rate Personal Loan overview
For VIP Personal Loan (existing HL customer)
Details
Total repayments
$22,559
Interest rate type
Variable
Borrowing range
$2k - $70k
Security type
Unsecured
Loan term
1 to 7 years
Secured by
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Target Market Determination
Visit First Option Credit Union Limited to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
redraw activation fee of $10
Instant approval
Time to funding
N/A
Fees
Upfront fee
$175
Ongoing fee
$0
Missed payment penalty
$0
Early exit penalty fee
$0
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Debt consolidation
Renovation
Holidays
Medical bill
Shares
Student loan
Wedding
Other Restrictions
Must have existing mortgage with First Option
