SERVICE ONE Alliance Bank personal loan repayment calculator

Thinking about taking out a personal loan with SERVICE ONE Alliance Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how SERVICE ONE Alliance Bank personal loans compare with other options.

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Secured and unsecured loans available
  • Flexible repayment schedules
  • Redraw facility available
  • Charges an establishment fee
  • Early repayment fee may apply
  • Charges a monthly fee

SERVICE ONE Alliance Bank personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

6.90%

Fixed

7.50%

$593

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

6.79%

Fixed

7.39%

$591

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

9.99%

Variable

10.54%

$637

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

9.99%

Variable

10.54%

$637

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

9.99%

Variable

10.54%

$637

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

15.00%

Variable

15.00%

$714

based on $30,000 loan amount for 5 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

16.50%

Variable

17.30%

$738

based on $30,000 loan amount for 5 years

$150

Redraw facility
Extra repayments
Fully drawn advance
Secured
SERVICE ONE Alliance Bank
More details

Features of a Service One Alliance Bank personal loan

Service One Alliance Bank provides a range of loans to its members, including secured and unsecured options, as well as loans with fixed or variable interest rates. Service One Alliance Bank personal loans can be used for a wide variety of purposes, including home renovations and vehicles, as well as debt consolidation and refinancing. Members can even gain access to a personal loan designed for eco-friendly purchases.

Service One personal loans have a maximum term of seven years and a maximum amount of $75,000.

Service One Alliance Bank personal loans – customer service

Service One Alliance Bank can be contacted by phone, email, online enquiry form or within any Service One branch. Customer service can be reached by phone during business hours only.

Who is eligible for a Service One Alliance Bank personal loan?

  • Must be an Australian citizen or permanent resident
  • Must be aged 18 years or over
  • Must have proof of income

How to apply for a Service One Alliance Bank personal loan?

  • Click ‘Apply Now’
  • Click ‘Start’
  • Complete the online application form
  • Submit the online application

Service One Alliance Bank personal loans review

Service One Alliance Bank is a personal loan lender that offers secured, unsecured, eco and line-of-credit loans. Service One personal loans allow redraw facility and additional repayments, although an early repayment fee may apply in some cases.

Service One Alliance Bank personal loan rates tend to be in the middle of the market. They are not the lowest, but are not typically above average. In general, Service One personal loan interest rates vary from moderately low to moderate, depending on the loan you choose.

With so many personal loan lenders, it’s important to compare personal loan rates from several financial institutions in order to secure the best personal loan rates for you.

Service One personal loan fees tend to be average. Members are charged a one-off establishment fee as well as a low monthly fee.

Learn more about SERVICE ONE Alliance Bank

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

What are the pros and cons of personal loans?

The advantages of personal loans are that they’re easier to obtain than mortgages and usually have lower interest rates than credit cards.

One disadvantage with personal loans is that you have to go through a formal application process, unlike when you borrow money on your credit card. Another disadvantage is that you’ll be charged a higher interest rate than if you borrowed the money as part of a mortgage.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Where can I get a personal loan?

The Australian personal loans market contains dozens of lenders offering several hundred different products. Personal loans are available through a range of institutions, including:

There are three main ways to access personal loans. You can go through a comparison website, such as RateCity. You can use a finance broker. Or you can directly contact the lender.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, you may not be eligible for some personal loan options. Consider contacting the lender before applying.