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What you need to know
When you apply for a loan, please have this information handy:
- Income details – pay slips, child support, pensions, overtime, allowances, rental income, commissions etc
- Expense details – utility bills, rent, board, loan repayments, credit and store cards, maintenance, lease payments etc
- Asset information – cash savings, value of motor vehicles, shares, bonds, property, furnishings etc
- Residential and employment details for the last three years
- Australian driver’s licence number and expiry
Most popular questions...
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How do I apply for a Personal Loan?
You can apply for a Personal Loan online, by calling 13 11 82, or by visiting your nearest branch.
Make sure you have the following information at hand when applying:- Income details – pay slips, child support, pensions, overtime, allowances, rental income, commissions etc
- Expense details – utility bills, rent, board, loan repayments, credit and store cards, maintenance, lease payments etc
- Asset information – cash savings, value of motor vehicles, shares, bonds, property, furnishings etc
- Residential and employment details for the last three years
- Australian driver’s licence number and expiry
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What can I use to secure my Personal Loan?
Depending on the Personal Loan you choose, you can use a new or used car, motorbike, caravan or a term deposit / savings.
Take a look at the different Personal Loans we offer at People's Choice here. -
How often can I make repayments?
You can choose to make your repayments weekly, fortnightly or monthly.
You can even make additional payments without penalty at any time via Phone Banking, Internet Banking, or at any of our branches.
Calculate the time and interest you can change when making extra repayments with our free extra repayments calculator here. -
How much can I borrow to purchase a car?
Our Personal Loans start from as little as $2,0003 and our Discounted Personal Loans start from as little as $10,0001,2.
The maximum loan is based on the amount that you can afford to repay.
Calculate how much you can borrow with our free borrowing calculator here. -
Do I have to be a People's Choice Credit Union member to apply for a car loan?
No, you can apply for a personal loan with People's Choice even if you are not a member.
If you're not currently a member, you'll need to become a member before the car loan can be finalised.
And have no fear, it’s a quick and simple process!
Click here to become a member with People's Choice.
Personal Loan Calculators
Need to organise your finances to prepare for a loan? Take a look at our range of calculators below. Alternatively, get in touch with one of our Financial Planners.
How long will it take to pay back my loan?
Calculate how long it will take you to pay off your loan.
What will my repayments be?
Enter the loan details on the first page of our Personal Loan application and you can see the repayment amount at the top of the page.
1 A Discounted Personal Loan (Car Loan) may be used to purchase or refinance a car up to 2 years old from year of manufacture (currently from 2017) which must be used as security for the Car Loan.
2 Secured by a vehicle which is less than 7 years old. As your interest rate will be based on various factors such as your loan criteria and our assessment of your application, a different rate may apply if the vehicle used as security is more than 7 years old. We will confirm the specific details of your loan, including your actual interest rate and repayment amounts in your loan offer document.
3 As your Unsecured Personal Loan interest rate will be based on various factors such as your loan criteria and our assessment of your application, a different rate may apply to your loan. We will confirm the specific details of your loan, including your actual interest rate and repayment amounts in your loan offer document.
4 Fixed for 5 years then reverts to our standard variable rate (currently 11.55% p.a.) for remaining term.
5 Minimum redraw amount is $1,000.
6 The monthly fee exemption does not cover rejected BPAY® transactions and declined electronic transactions, which will incur additional fees.
Terms, conditions, fees, charges and lending criteria apply and are available on application.
* Comparison rates are based on a secured loan of $30,000 with monthly repayments over a term of 5 years.
# Comparison rates are based on an unsecured loan of $10,000 with monthly repayments over a term of 3 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.