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People's Choice personal loans
People’s Choice is one of Australia’s largest credit unions, with more than 375,000 members across Australia. With branches and advice centres in South Australia, Victoria, the Northern Territory, Australian Capital Territory and Western Australia, People's Choice Credit Union has more than $10.7 billion of funds under management and advice and about 1,000 employees.
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Why choose People's Choice
People's Choice 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
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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 a People’s Choice Credit Union personal loan
There are a few options to choose from at People’s Choice Credit Union, including secured and unsecured personal loans. All loans come with fixed interest rates, but some revert to a variable rate after an introductory period.
Personal loan interest rates from People’s Choice range from moderately low to moderately high. Compare personal loan rates using RateCity to find the best personal loan rates on the market for your needs.
People’s Choice Credit Union does not have ongoing fees or early exit penalty fees for its loans. However, its upfront fees are higher than what borrowers are likely to find at the major banks.
Additionally, there is a redraw facility for those who intend to borrow back more money after paying it off.
People’s Choice Credit Union personal loans - customer service
People’s Choice Credit Union has over 40 branches for its members to visit. However, its branches are located only in South Australia, Victoria, Northern Territory and Western Australia.
Those not living near a branch can bank with People’s Choice Credit Union online or by phone.
Who is eligible for a People’s Choice Credit Union personal loan?
To apply for a People’s Choice Credit Union personal loan, you will need to provide the following:
- Details of income
- Info about expenses
- Asset information
- Details of residency and employment
- Australian driver’s licence or photo ID
How to apply for a People’s Choice Credit Union personal loan
People’s Choice Credit Union accepts the following methods of application for personal loans:
- Online applications
- In-branch applications
- Phone applications
People’s Choice Credit Union personal loans review
There are a few personal lending options available from People’s Choice Credit Union, including secured and unsecured loans. All loans come with fixed interest rates, which may appeal to some borrowers, but keep in mind that some loans revert to a variable rate after an introductory period.
People’s Choice Credit Union personal loan rates vary from moderately low to moderately high depending on the type of loan chosen. Customers looking to reduce the risk of unnecessary debt may find these interest rates appealing. However, personal loans with lower interest rates could be available elsewhere in the market.
There is a higher-than-average upfront fee charged for People’s Choice Credit Union personal loans. However, there are no ongoing fees and no penalty fees for customers who wish to pay offer their loans early – which may help to reduce costs.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
