Important disclosure
Online Personal Loan Package
Interest Rate
6.00%
p.a
Comparison Rate*
6.64%
p.a
6.00%
p.a
6.64%
p.a
Calculate your repayments for this loan
Your estimated repayment
$913
based on $30,000 loan amount for 3 years at 6.00%
Pros and cons
For Online Personal Loan Package
Benefits
- Interest rates ranked in the best 20%
- No early exit penalty
- Unlimited extra repayments and free redraw
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Fast time to funding
Drawbacks
- Service fee charged
- Higher than average application fee
Illawarra Credit Union Rate Personal loan overview
For Online Personal Loan Package
Details
Total repayments $32,856 | Interest rate type Variable |
Borrowing range $10k - $100k | Security type Secured |
Loan term 0 to 5 years | Secured by Vehicle/caravan, jet skis |
Loan type Is Fully Drawn Advance | Repayment frequency Monthly, Fortnightly, Weekly |
Target Market Determination Visit Illawarra Credit Union Limited to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding 24 hours |
Fees
Upfront Fee $200 | Ongoing Fee $5 Monthly |
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
Asset used as security must be less than 2 years old, rate is only available as part of the package which includes a 100% offset account and Visa Debit card
Promoted personal loans
Promoted
Low Rate Personal Loan Secured (Excellent Credit)
6.57%
p.a
up to 8.48%
From
7.19%
p.a
up to 13.58%
Australian Credit Licence 488228Fees & charges apply
Promoted
Personal Loan (Excellent Credit)
7.49%
p.a
up to 13.95%
From
8.33%
p.a
up to 17.58%
Australian Credit Licence 393845Fees & charges apply
Promoted
Unsecured Personal Loan (Excellent Credit) (Amount > $5000)
2024 Award Winner
5.76%
p.a
up to 24.03%
From
6.55%
p.a
up to 24.99%
Australian Credit Licence 474726Fees & charges apply
FAQs
How long are $3000 loans?
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.