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Geelong Bank personal loans
Geelong Bank has been serving the banking needs of customers in Australia since its inception in Geelong back in 1974 as FCCS Credit Union.
With only one branch to visit, Geelong Bank delivers financial services to Australians mostly via the internet.
In addition to personal loans, Geelong Bank members also have access to home loans, credit cards, insurance, financial planning, savings accounts and bank accounts.
Personal Finance Editor
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Why choose Geelong Bank
Geelong Bank 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 Geelong Bank personal loan
Geelong Bank is limited in its personal lending options, with only two loans to choose from. Both loans are unsecured and come with variable interest rates.
Personal loan interest rates from Geelong Bank are moderately low when compared to the rest of the market.
Loan terms of up to seven years are available, with loans as low as $1,000 offered.
Upfront fees are above the average fee charged by the major banks, but there are no ongoing fees thereafter.
A free redraw facility is available for members who want to borrow back money paid on their loans.
Geelong Bank personal loans - customer service
Geelong Bank has only one branch for Australians to visit; located in Geelong.
For the rest of Australia, Geelong Bank serves as an online bank. Geelong Bank customer service is also available by phone.
Who is eligible for a Geelong Bank personal loan?
People applying for a Geelong Bank personal loan will need to meet the following requirements:
- Pass a credit check
- Be at least 18
- Be employed with a history of income
- Be a member of Geelong Bank
How to apply for a Geelong Bank personal loan
The following application methods are available for a Geelong Bank personal loan:
- Online application
- Visit their branch in Geelong
- Apply by phone
Geelong Bank personal loans review
With only a small selection of personal loans to choose from, Geelong Bank members have limited options. Members who want an unsecured loan with variable interest rates might be satisfied with what’s on offer.
Geelong Bank personal loan rates are moderately low and are competitive with the rest of the market. This could appeal to members looking to save money on interest over the course of their loan.
Loans as low as $1,000 are available, with loan terms of up to seven years. Borrowers might find a Geelong Bank personal loan suitable for expenses like a holiday or a computer.
There is an upfront fee that is above average. However, borrowers could find savings with no ongoing fees thereafter.
Use RateCity to find the best current personal loan interest rates for your financial situation and requirements.
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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.
