Are you looking for flexible loans to renovate your home, consolidate debt or for anything else? Do not worry, you may want to consider this unsecured personal loan from People’s Choice Credit Union. The loan amount you can start with is up to $ 40,000. What are the requirements you need to meet before applying for People’s Choice Credit Union personal loans?

People's Choice Credit Union personal loans
Getting People’s Choice Credit Union personal loans is easy

In the previous post, Loansaustralia.net introduces people to some of the necessary information that is useful for getting the RACQ personal loans, to get more information people can read the article RACQ personal loans are offered for customers to use in a lot of purposes. Now, let find knowledge about loans of People’s Choice Credit Union in the post today.

PEOPLE’S CHOICE CREDIT UNION PERSONAL LOANS

Just like a lot of article posts about the personal loans in Australia, as well as each type of loans such as BankVic personal loans, Bankwest personal loans, MOVE Bank personal loans, ANZ personal loans…. this post about the People’s Choice Credit Union loans also includes some main parts. They are:

1. Some requirements to apply for People’s Choice Credit Union loans

To begin the process of making a loan, customers please visit the official website of People’s Choice Credit Union. Before applying for any loans from People’s Choice Credit Union, customers need to make sure that be aware of the loan information: the amount and the interest rate of loans to ensure that you are able to repay the loan.

Some following requirements customers need to meet are:

  • Customers need to be at least 18 years old
  • Customers need to share the residential and employment details for the last three years
  • Customers need to have a stable income

You will need the following information to complete your application:

  • Identification. Your name, driver’s license number and expiration.
  • Income. You will need to provide payments as well as any additional income you receive from child support, allowances, rental income, pensions, overtime, commissions, etc.
  • Cost. List information such as repayment, rent, tables, credit cards, and storage cards and provide your utility bill.
  • Asset. This includes things like saving cash, the value of engine stocks, bonds, vehicles, assets, and furniture.
    Residential and job details. These details will be needed three years ago.

To register for a personal loan at the People’s Credit Union, customers need to have the following information:

  • Regarding income details – including vouchers, child support, monthly salary, overtime, allowances, rental income, commissions, etc.
  • About the types of expenses – utility bills, utilities, rent, tables, repayment, credit cards and shops, maintenance, rent payments, etc.
  • Information about assets owned by customers – including savings, the value of motor vehicles, stocks, bonds, assets, furniture, etc.
  • Detailed information on housing and employment over the past three years
  • Information about driving licenses in Australia and deadlines.
People's Choice Credit Union personal loans
Getting People’s Choice Credit Union personal loans is easy

2. Some benefits of People’s Choice Credit Union loans

  • Fixed interest rate. This loan comes with a fixed interest rate that will be confirmed when you apply.
  • No monthly fee. There are no monthly fees associated with this loan.
  • Flexible repayment. You can choose to pay weekly, fortnightly or monthly.
  • Redraw the base. You can pay the extra money and redeem money whenever you need it.
  • Access to online banking. You will have easy access to your money through online banking, which allows you to redraw any additional refunds that you have made easily.

3. The interest rate and fees of People’s Choice Credit Union loans

  • The application fee – $250
  • The monthly fee – free
  • Loan term options. Loan terms run from 1 year up to 7 years.

3.1. The interest rate and fees of the secured personal loans

Product Name Amount Interest Rate Comparison Rate
Discounted Personal Loan (Car Loan) $20,000 – $100,000 5.64% p.a. 5.99% p.a.
Discounted Personal Loan $10,000 – $100,000 7.99% p.a. 8.35% p.a.

3.2. The interest rate and fees of the unsecured personal loans

Product Name Amount Interest Rate Comparison Rate
Unsecured Personal Loan (Low Rate) $2,000 – $40,000 9.99% p.a. 11.74% p.a.
Unsecured Personal Loan $2,000 – $40,000 13.99% p.a. 15.78% p.a.

Example:

  • Customers get $40,000 with unsecured loans
  • Loan term 3-year
  • The interest rate is 9.99% p.a. 
  • Application fee: $250
  • Monthly fee: $0
  • The total amount payable is $44,246 including interest and fees
  • Each month, customers need to pay $1,229.0556

This post is about loans of People’s Choice Credit Union. We provide this information to offer you some of the necessary information that is useful for getting loans from People’s Choice Credit Union. Also if you are looking for information about the personal loans from MOVE Bank, please refer to the MOVE Bank personal loans link we just provided in the previous article.

Anita (Team Content) – People’s Choice Credit Union personal loans