Hume Personal Loans
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- Interest Rate (p.a.)
- 12.49%
- Comparison rate (p.a.)
- 12.71%
- Min Loan Amount
- $2,000
Summary
Borrow from $2,000 upwards, with terms up to 5 years. Interest rates will differ based on whether the loan is secured or unsecured.
This personal loan from Hume can be either secured or unsecured. Borrow upwards of $2,000 with terms up to 5 years. Rates will differ based on whether the loan is secured or unsecured. The rate for a secured personal loan is 8.49% p.a., with a comparison rate of 8.7% p.a. For an unsecured loan, the rate starts from 12.49% p.a., with a comparison rate of 12.71% p.a. Rates are fixed, which means that your repayments will remain the same over the lifetime of the loan. This makes it easier to budget and predict your repayments. There is an application fee of $150.
Details
Product details
| Product Name | Hume Bank Unsecured Personal Loan |
| Interest Rate (p.a.) | 12.49% |
| Comparison rate (p.a.) | 12.71% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $2,000 |
| Loan Security | Unsecured |
Main points to consider about Hume Personal Loans
Hume Bank offers you the choice between an unsecured or a secured loan, with each option coming with different rates.
In either case your personal loan will come with a fixed interest rate. If you want a lower rate of 8.49% p.a. you will need to provide security, which can be either a vehicle under five years of age or a term deposit. Otherwise your rate will be 12.49% p.a. Lower rates are also available for Hume Bank Property Package Special holders.
The personal loan terms start from 1 year and extend up to 5 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:
- Low 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 under five years old or a term deposit, you will receive a rate of 8.49% p.a. If you opt for an unsecured personal loan, a rate of 12.49% p.a. will apply.
- Loan terms. You're able to choose between 1 year and 5 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 $150.
- 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:
- Be 18 years or older
- Be an Australian permanent resident or an Australian citizen
Make sure you have the following on hand to complete your application:
- Personal information such as your name and address
- Financial details including your income, assets and liabilities
- Employment details
- Documentation such as recent payslips, identification and documents proving your address
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 personal loan will meet your needs and decide if it’s right for you.
Sources
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Elizabeth Finder
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