Important disclosure
Unsecured Personal Loan (Low Rate)
Interest Rate
8.99%
p.a
Comparison Rate*
From
10.73%
p.a
up to 10.73%
8.99%
p.a
From
10.73%
p.a
up to 10.73%
Calculate your repayments for this loan
Your estimated repayment
$954
based on $30,000 loan amount for 3 years at 8.99%
Pros and cons
For Unsecured Personal Loan (Low Rate)
Benefits
- Lower than average rate
- No ongoing fees
- Unlimited extra repayments
- Flexible repayment options
- No security required
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
Drawbacks
- Higher than average application fee
People's Choice Rate Personal loan overview
For Unsecured Personal Loan (Low Rate)
Details
Total repayments $34,339 | Interest rate type Fixed |
Borrowing range $2k - $40k | 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 People's Choice to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $250 | Ongoing Fee $0 |
Missed Payment Penalty $25 | 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
Minimum redraw amount is $250. Redraws are only available if sufficient extra repayments have been made against the loan account.
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p.a
up to 24.03%
From
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Pay no fees over the lifetime of your loan with NOW Finance. T&C’s apply.6.75%
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p.a
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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.