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Hume Bank personal loans
Hume Bank is one of Australia’s largest regional mutual financial institutions, and has been operating since 1955.
Previously known as the Hume Permanent Building Society, it changed its name to Hume Bank in 2014.
Hume Bank now employs over 150 staff, has more than 61,000 customers and has assets worth more than $1 billion.
Although financial services are available to customers throughout Australia, Hume Bank has 19 branches in north-eastern Victoria and southern New South Wales.
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Why choose Hume Bank
Hume Bank Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
Total interest
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Total repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of Hume Bank personal loans
Interest rates
All Hume Bank personal loans have fixed interest rates.
Fees
- Upfront application fee charged
- No monthly fees
- No fee for extra repayments and early exit
- Missed payment penalty fee charged
Loan terms
One to five years.
Loan amounts
From $2,000. Maximum limits will be determined by Hume Bank on application.
Security
Hume bank offers secured loans where customers use their property, a term deposit or a vehicle as collateral. Hume Bank also offers unsecured loans, where there is no collateral. Higher interest rates are charged for unsecured personal loans.
Repayment options
- Weekly, fortnightly or monthly
- Additional payments can be made without penalty
- The loan can be paid off early without penalty
Hume Bank personal loans – customer service
Hume Bank is headquartered in Albury, New South Wales, and has 19 branches in southern NSW and north-eastern Victoria. Customers also have access to its online banking and app services 24/7. Hume Bank Customers can seek assistance in the following ways:
- Branch (Monday-Friday at all branches, Saturdays at some branches)
- Phone
- Mobile lenders
Who is eligible for a Hume Bank personal loan?
To be eligible for a Hume Bank personal loan, you must be:
- At least 18 years of age
- An Australian citizen or a permanent resident of Australia
- Not bankrupt or insolvent
How to apply for a Hume Bank personal loan
Hume Bank lets customers apply for a personal loan online or in person at a branch.
The online application form takes about 15 minutes.
You will likely need the following documents:
- Driver’s licence or passport
- Two most recent payslips
- Current group certificate/PAYG payment summary
- If self-employed: The last two years of financial statements and income tax returns
- If consolidating credit cards debts: The last three months of statements for each card
- If consolidating personal loan debts: A statement showing the past three months of transactions and balances
- If you have other debts not held with Hume: A current statement for any of these debts
- If you have savings not held with Hume: The last three months of statements
Hume Bank personal loans review
Hume Bank offers personal loans packed with features for a wide variety of needs, including consolidating debt, paying for special occasions like weddings, or holidays and medical bills.
Once a relatively low application fee is paid, there are no ongoing charges on a personal loan with Hume Bank, and no penalties for making extra repayments or paying off the loan early
There is also a free redraw facility offered by Hume Bank on its personal loans.
When it comes to interest rates, Hume Bank only offers fixed-rate personal loans. The rates on Hume Bank’s secured personal loans are higher than the unsecured.
Compared to other lenders, Hume Bank’s unsecured personal loans have very low to moderately low interest rates, depending on the product, while its unsecured personal loans have a moderate interest rate.
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