Get the Finder app 🥳

Track your credit score


People’s Choice Credit Union secured and car loans

Are you looking for a flexible way to finance a new or used vehicle purchase? Consider a secured loan from People's Choice Credit Union.


People's Choice Credit Union

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Purchasing any kind of vehicle whether it be a car, a motorbike or even a boat, can be a complicated process. Opting for a secured personal loan from People's Choice can offer you a competitive and flexible way to finance your purchase.

You can take advantage of a fast pre-approval option so you know how much you have to spend, discounts on your interest rate when you purchase a new vehicle without any ongoing fees, to help keep your repayments low.

Find out what loans are on offer and if any of People's Choice financing options suit your needs.

Compare People’s Choice Credit Union Loans

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
People's Choice CU Discounted Personal Loan (Car Loan)
From 4.65% (fixed)
1 to 10 years
Borrow over $20,000 and secure with a new or used car less than 2 years (manufacture year 2018).
Pre-approval, no monthly fees and fixed rate for 5 years.
People's Choice CU Unsecured Personal Loan
From 13.99% (fixed)
1 to 7 years
You’ll receive a fixed rate of 13.99% p.a. based on your risk profile
Loans are available from $2,000 - $40,000 on terms of up to 7 years without the need for asset security.
People's Choice CU Discounted Personal Loan
From 7.99% (fixed)
1 to 10 years
You'll receive a fixed rate of 7.99% p.a. for 5 years
Secure this loan with a vehicle up to 7 years old and benefit from long loan terms up to 10 years and pre-approval.

Compare up to 4 providers

Type of loans available from People's Choice Credit Union

People's Choice Credit Union has a Car Loan and secured personal loans available that can be used to finance a range of vehicle purchases.

  • Car Loan. You can purchase a new or used car with this loan, but a special rate of 4.65% p.a. applies for new cars over $20,000. For other vehicles, a standard fixed rate of 7.99% p.a. applies. This loan also comes with pre-approval, no monthly fees, no penalties for early repayments and a redraw facility for any additional repayments you make.
  • Secured Personal Loan. Borrow between $10,000 and $100,000 with this loan and lock in a competitive rate of 7.99% p.a.. You secure the loan with one of your assets, such as a vehicle or even a term deposit, and then use the loan funds for any personal purpose. This includes to purchase a vehicle. Loan terms can extend up to 10 years and no monthly fees apply. Pre-approval is also available.
  • Discounted Personal Loan. This loan offers a low, competitive rate of 7.99% p.a. for loans starting from $10,000. You can secure your loan using a range of assets and lock in a fixed rate for the first five years, but the loan terms can extend up to 10 years. You can repay the loan early without penalty and also make additional repayments. A redraw facility and pre-approval are available.

The features of a People's Choice Credit Union car loan

The range of loans on offer come with some features that are work considering.

  • Flexibility with vehicles as security. Some lenders are very restrictive as to what you can use as a guarantee, but People's Choice lets you use a new or used car as security its Car Loan, or any other vehicle for its Secured Personal Loan or Discounted Personal Loan.
  • Pre-approval. You can apply for pre-approval that is valid for 90 days. This lets you know how much you have to spend when shopping for a vehicle online or giving you the upper hand when it comes to negotiating a price in a private sale.
  • Discounted rates. Opt for the Discounted Personal Loan to take advantage of a competitive rate of 7.99% p.a., or if you're purchasing a new car over $20,000, you may be eligible for a special rate of 4.65% p.a. with the Car Loan.
  • Flexible repayments. You can schedule your repayments as per your budget – weekly, fortnightly or monthly. The Discounted Personal Loan has terms that can extend up to 10 years, giving you plenty of time to repay your loan. If you can repay earlier with any of the People's Choice loans above, you can do so without penalty. You can also make additional payments at any time.
  • Redraw facility. Any additional repayments you make can be accessed using the redraw facility. Keep in mind that the minimum redraw amount is $250 and a fee applies if you redraw in-branch. Also, you can only redraw if you've made sufficient additional repayments.
  • New or used car. You can get a secured loan to purchase or refinance a new car, or a used car up to two years old.

What other products do People's Choice offer?

You can find a number of personal and business banking products on offer from People's Choice Credit Union.

  • Transaction and savings accounts.
    You have the choice of an Everyday Account, an Activate Account if you're under 25, a Zip Account for quick access to money or a Club 55 Account for seniors. People's Choice also offers savings and investments accounts that include a Bonus Saver and a Young Saver Account.
  • Personal Loans.
    As well as the Car Loan and secured loans outlined above, you can also opt for the Unsecured Personal Loan from People's Choice. It offers a competitive rate and no ongoing fees to help you finance a range of personal purchases.
  • Home Loans.
    There are a few home loan options to select from, including a Variable Home & Investment Loan Package, a Fixed Rate Home & Investment Loan, Basic Variable Home & Investment Loan or a Standard Variable Home & Investment Loan.
  • Credit Card.
    With up to 62 days interest-free and a competitive rate of 2.99% for balance transfer, cash advances and purchases, the People's Choice Visa Credit Card is one to consider.
  • Insurance.
    People's Choice offer Home and Contents Insurance, Car Insurance, Travel Insurance, Landlords Residential Property Insurance, Mortgage Repayments Insurance, Motorcycle Insurance, Caravan Insurance, Boat Insurance and a range of Personal Insurances that you can consider.
  • Financial planning.
    If you're looking for advice on your financial future, you can enlist the financial planning services of People's Choice Credit Union.
  • Foreign Currency.
    Products such as a Cash Passport, foreign cash, international currency drafts or transfers can help get ready for your next overseas trip.

How can I apply for a loan from People's Choice Credit Union?

If you'd like to apply for a secured personal loan or the Car Loan listed above, simply click "Go to Site" to get the process started. You can review all the information there and also submit your application. Make sure you confirm the loan details, including the loan amount and interest rate, to ensure you will be able to afford the repayments.

You'll need the following information on hand to complete your application:

  • Identification. Your name, driver's licence number and expiry.
  • Income. You'll need to provide your payslips as well as any extra income you receive from child support, pensions, overtime, allowances, rental income, commissions, etc.
  • Expenses. List information such as your rent, board, loan repayments, credit and store cards and provide your utility bills.
  • Assets. This includes things like cash savings, the value of motor vehicles, shares, bonds, property and furnishings.
  • Residential and employment details. These details will need to be from the last three years.

You don't need to be a People's Choice member to apply for a loan, but you will need to become a member before the loan can be finalised.

More guides on Finder

  • Illawarra Credit Union Low Rate credit card

    The Illawarra Credit Union Low Rate credit card gives you simple features, mobile payments and a $0 annual fee in the first year.

  • Credit cards vs buy now pay later

    Both buy now pay later plans and credit cards give you ways to pay off purchases over time – here's how they compare.

  • Now Finance Secured Personal Loan review

    Get rewarded for an excellent credit score with a Now Finance personalised rate secured personal loan. Rates vary between 5.95% p.a. and 15.45% p.a. Apply today.

  • NAB StraightUp card

    Unlike other credit cards, the NAB StraightUp doesn’t charge any interest but has a monthly fee instead. Find out more here.

  • Credit Union SA Education Community credit card

    Available to people working or studying to work in South Australia's education sector, this card includes a low rate, no annual fee and mobile payments.

  • Nova Alliance Bank Visa Credit Card

    This Visa credit card offers a low interest rate, a $45 annual fee and mobile payments with Apple Pay, Google Pay and Samsung Pay.

  • Alex Personal Loan review

    Alex is a neobank lender specialising in personalised rate personal loans. Find out more about Alex's personal loans and what fees and features are involved.

  • nmoni Personal Loans review

    nmoni is an Australian lender that offers personal loans to both good and bad credit applicants. Find out more about nmoni's rates, fees and features.

  • Plenti Car Loan

    Plenti car loans offer competitive, personalised interest rates, as well as the choice to have your loan secured or unsecured. Find out more about Plenti's car loans here.

  • Driva Caravan Loans

    Want to compare caravan loans, but don't know where to start? Driva is a licensed Aussie broker specialising in loans for a range of vehicles. Visit Driva and compare caravan loans today.

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.89% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site