Benefit from a flexible personal loan from Hume Bank and turn your dreams into a reality.
The main feature of this personal loan is that you’re able to benefit from a fixed rate that allows you to plan your repayments and how much they will cost you. A fixed rate ensures that the repayments don’t fluctuate month-to-month and allows you peace of mind, knowing that each repayment will be the same each time you have to pay it. A fixed rate is beneficial for those who like to remain in control and enjoy the certainty of knowing how much they will have to pay.
Things to consider about Hume personal loans
You have the choice between an unsecured or a secured loan. The rates that will be applied depend on whether you decide to go with a secured loan or an unsecured loan. No matter which loan type you choose, you will benefit from fixed rate payments. The loan terms start from 1 year and have a maximum of 7 years. You’re able to apply for a minimum of $2,000.
Features of the Hume personal loan
Some of the features with this personal loan include:
- No monthly fees. You benefit from no monthly fees. There are no fees for early repayment either.
- Flexible repayments. You can choose from weekly, fortnightly or monthly payments that are tailored to your personal finance schedule.
- Unsecured or secured options. You’re able to choose between an unsecured or secured loan option. If you want to put forward an asset, such as a car that is younger or older than five years, this will impact your rate for your loan. If you decide to go with an unsecured loan, this will affect your rate as well.
- Varied rates. If you offer a vehicle that is five years old, your rate is 5.95%. If your loan term is secured by a term deposit, your rate is dependent on your loan term and is 5.95%. If you choose an unsecured option, your interest rate is 12.95% p.a.
- Fixed rate. There is a fixed rate on offer with this loan. This means that you have the certainty of knowing what your payments will be whenever you decide to pay them off. This offers peace of mind if you prefer to know how much your payments are.
- Long loan terms. You’re able to choose between 1 year and 7 years loan terms. You are able to choose which one benefits you.
- Unlimited online redraw facility. There is an online redraw facility that is unlimited. You have access to this if you’re approved for the loan.
- Straightforward fees. You immediately know how much the fees are with this loan, including the application fee of $125.
- Online application process. You’re able to apply online and this process takes up to 15 minutes.
How to apply for the Hume personal loan
In order to be eligible for this loan, you simply click on “Go to Site” and ensure you meet the following:
- You need to be 18 years or older.
- You also need to be an Australian permanent resident or an Australian citizen.
Some of the documents you need to submit include:
- Two most recent payslips. You also can use a letter from your employer stating the commencement date of employment and net weekly wage.
- Your current group certificate or pay-as-you-go (PAYG) tax payment summary.
If you meet these requirements, you’ll be contacted by a Hume lending specialist and asked to provide any other paperwork within one business day. If you’re unsuccessful in your loan application, you’ll be notified via email.
Get a personal loan through Hume Bank and benefit from the option of unsecured or secured. However, always compare which loan will meet your needs and decide if it’s right for you.