G&C Mutual Bank Personal Loans

G&C Mutual Bank is a small member-owned financial institution with eight service centres for its members to visit. G&C also serves Australians as an online bank. G&C Mutual has helped Australia with its banking needs since 1959.

There are a range of services offered from G&C Mutual Bank, including personal loans, everyday bank accounts, savings accounts, home loans and credit cards.

G&C Mutual Bank personal loan repayment calculator

Thinking about taking out a personal loan with G&C Mutual Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how G&C Mutual Bank personal loan compare with various products.

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G&C Mutual Bank Personal Loans

Features of a G&C Mutual Bank personal loan

There is a variety of G&C Mutual Bank personal loan options available. However, the availability of each loan depends on the credit score of the borrower.

All available loans from G&C Mutual Bank are unsecured and come with variable interest rates.

Current personal loan interest rates from G&C Mutual Bank range from very low to high depending on the borrower’s credit score.

Loans as low as $1,000 are available for members who wish to borrow from G&C Mutual Bank.

The upfront fee for a personal loan is on par with what is charged by the major banks in Australia. Additionally, there are no ongoing fees throughout the loan term.

Redraw facilities are available to G&C borrowers with no activation fee.

G&C Mutual Bank personal loans - customer service

There are only eight services centres for members to visit. Those living near a service centre can arrange a personal visit from one of G&C Mutual Bank’s local business managers.

Those not living near a service centre have online, mobile and phone banking customer service options.

Who is eligible for a G&C Mutual Bank personal loan?

G&C Mutual Bank personal loans come with the following eligibility criteria:

  • Must be at least 18
  • Must be a member of G&C Mutual Bank
  • Applicant’s credit score impacts his or her loan options

How to apply for a G&C Mutual Bank personal loan

G&C Mutual Bank members can apply for a personal loan through the following avenues:

  • In person at a service centre
  • By phone
  • Online or by mobile app
  • Schedule a visit from a local business manager

G&C Mutual Bank personal loans review

G&C Mutual Bank personal loan rates depends on the applicant’s credit score. Very low interest rates are available for members but can only be obtained by those with a solid credit history.

For those borrowers who lack a strong credit score, there are still personal loan options available from G&C Mutual Bank. However, there is a possibility that such a loan will come with a high interest rate.

Loans as low as $1,000 are available, which may appeal to borrowers who want to buy smaller personal items such as a computer or an instrument.

G&C Mutual Bank borrowers can expect an average upfront fee on their personal loan but no ongoing fees. The lack of ongoing fees or activation fees for redraws could be appealing to members who want to save on their bills.

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