My Credit Union Personal Loans, Interest Rates & Fees - Best Find
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My Credit Union Personal Loans

Discount Personal loan

My Credit Union
10.85%
11.54%
$329.94

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Personal Loans available for any worthwhile purpose. Take advantage of competitive interest rates, flexible payment options and no penalty for early payout.

Overview

Minimum loan amount$1,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)10.85%

Personal loan comparison rate11.54%

Monthly repayments (approx)$329

Total repayments (approx)$11,877

Total interest repayments (approx)$1,877

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$100

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Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 15 63

Data accurate as of9/04/2016

GO TO My Credit Union

Comparison rate warning

Comparison rate calculated on an unsecured loan of $30,000 for a term of 5 years, repaid monthly. 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.

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My Personal Loan

My Credit Union
12.85%
13.55%
$339.58

View fees & additional info +

Personal Loans available for any worthwhile purpose. Take advantage of competitive interest rates, flexible payment options and no penalty for early payout.

Overview

Minimum loan amount$1,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Personal loan interest rates (base)12.85%

Personal loan comparison rate13.55%

Monthly repayments (approx)$339

Total repayments (approx)$12,224

Total interest repayments (approx)$2,224

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$100

GO TO My Credit Union

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone13 15 63

Data accurate as of9/04/2016

GO TO My Credit Union

Comparison rate warning

Comparison rate calculated on an unsecured loan of $30,000 for a term of 5 years, repaid monthly. 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.

GO TO My Credit Union

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Personal Loan - 2 to 3 years - Tier 1

SocietyOne
7.50%
9.51%
$323.50

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We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)2 Years

Maximum term (years)5 Years

Personal loan interest rates (base)7.50%

Personal loan comparison rate9.51%

Monthly repayments (approx)$323

Total repayments (approx)$11,646

Total interest repayments (approx)$1,646

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee3%-4%

GO TO SocietyOne

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone-

Data accurate as of18/01/2018

GO TO SocietyOne

Comparison rate warning

*Comparison based on a SocietyOne Tier 1 unsecured personal loan of $10,000 over 3 years. WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different loan grades, terms, fees or loan amounts might result in a different comparison rate.

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Unsecured Personal Loan- Excellent

Now Finance
7.95%
9.42%
$325.91

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We provide a range of flexible personal loans designed to suit your needs.

Overview

Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)18 months

Maximum term (years)7 Years

Personal loan interest rates (base)7.95%

Personal loan comparison rate9.42%

Monthly repayments (approx)$325

Total repayments (approx)$11,732

Total interest repayments (approx)$1,732

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $395

GO TO Now Finance

Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$175 (first 6 months), $120 (6-12 months), $0 after 12 months

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/02/2018

GO TO Now Finance

Comparison rate warning

Comparison rates for all the above products are based on a loan of $30,000 over 5 years. WARNING: The comparison rates are 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.

GO TO Now Finance

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Personal Loan - 5 years - Tier 1

SocietyOne
8.35%
9.61%
$352.78

View fees & additional info +

We understand no two borrowers are the same. That's why our rates are personalised to your credit history. The better your credit history, the lower your interest rate.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)2 Years

Maximum term (years)5 Years

Personal loan interest rates (base)8.35%

Personal loan comparison rate9.61%

Monthly repayments (approx)$352

Total repayments (approx)$12,700

Total interest repayments (approx)$2,700

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee3%-4%

GO TO SocietyOne

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone-

Data accurate as of18/01/2018

GO TO SocietyOne

Comparison rate warning

*Comparison based on a SocietyOne Tier 1 unsecured personal loan of $30,000 over 5 years. WARNING: The comparison rates are true only for the examples provided and may not include all fees and charges. Different loan grades, terms, fees or loan amounts might result in a different comparison rate.

GO TO SocietyOne

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review My Credit Union personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing My Credit Union personal loans, there are other important things to consider and understand, other than just My Credit Union’s interest rates.

What personal loan options does My Credit Union offer?

My Credit Union has 2 personal loan products:

  • My Credit Union Discount Personal Loan
  • My Credit Union My Personal Loan

View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare My Credit Union car loans and My Credit Union home loan.

Do you have a My Credit Union personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a My Credit Union Personal Loan?

If you’d like to apply online for a My Credit Union personal loan, just scroll up and click on “Learn more” to be taken to My Credit Union’s secure online application form. Before you apply, be sure to learn about My Credit Union’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

My Credit Union’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the My Credit Union’s lending criteria. Below is high-level overview of My Credit Union’s criteria:

My Credit Union’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the My Credit Union branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with My Credit Union

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your My Credit Union personal loan

There are many additional factors My Credit Union consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a My Credit Union personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose My Credit Union will lend for:

Additional product information

My Credit Union’s minimum and maximum personal loan amounts and terms

You can borrow between $1,000 and $50,000. Over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

My Credit Union’s repayment schedule

My Credit Union allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

My Credit Union allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

My Credit Union’s Variable Rate Personal Loan gives you the option of being able to make redraws.