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People’s Choice Discounted Personal Loan

Benefit from pre-approval and loan terms up to 10 years with this loan from People's Choice.

  • This product is no longer offered by People's Choice Credit Union. This page is for historical purposes only.

This loan comes with a number of features, the main one being its competitive interest rate of 7.99% p.a. To benefit from this rate you need to attach a vehicle to this loan as security.
Find out what other features are available in this review.

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From 7.99% (fixed)

Interest Rate (p.a.)

8.35%

Comparison Rate (p.a.)

$10,000

Min Loan Amount

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Details

Product NamePeople's Choice CU Discounted Personal Loan
Interest Rate (p.a.)From 7.99% (fixed)
Comparison Rate (p.a.)8.35%
Interest Rate TypeFixed
Min Loan Amount$10,000
Max. Loan Amount$100,000
Loan SecuritySecured

Main points to consider with the People's Choice Discounted Personal Loan

To be eligible for this loan you will need a vehicle less than seven years old, or has a value of at least $10,000, to use as security. You can select loan terms of between 1 to 10 years. You can apply for a loan between $10,000 and $100,000.

Flexible repayments are available and you can repay the loan early without penalty. Pre-approval is also available.

Features of the Discounted Personal Loan

The following are some of the features associated with this discounted secured personal loan:

  • Low rate. Rates start from a low of 7.99% p.a. and the comparison rate is 8.35% p.a. However, if you select loan terms over five years a variable rate will apply after five years.
  • Large loan amounts. You can borrow a minimum of $10,000 to a maximum of $100,000.
  • Pre-approval. You can take advantage of pre-approval which is available for 90 days.
  • Freedom. There is no set purpose for this loan, so you can use it for anything you want. You can use it to consolidate debt, go on a shopping spree or help tide you over for the new year.
  • Loan terms. Loan terms run from 1 to 10 years. Keep in mind that if you select loan terms over five years, a variable rate will apply.
  • No monthly fees. There are no monthly fees associated with this loan.
  • Straightforward fee structure. The fees for this loan are easy to find and straightforward. There are no monthly fees but you will have to pay a $250 application fee as well as a lock-rate fee if you want to lock in the rate. There is also a redraw fee of $40 if you use a People's Choice teller.
  • No fees for additional payments or early payout of loan. You won't have to pay any fees if you make additional payments or pay off your entire loan early.
  • Option to redraw extra payments made. You can redraw the extra payments that you've made on the loan if things get a bit tight one month.
  • Discounted Zip account. if you apply for a People's Choice Zip account you will pay $0 monthly fee, a saving of $6 per month.

How to apply for the Discounted Personal Loan

To apply for this loan, you simply click on "Go to Site" and make sure you meet the following criteria:

  • 18 years old or older
  • Information about your assets and expenses
  • You must have a stable income
  • You need a vehicle that is either under seven years old, or has a value of more than $10,000, to use as security.

You will need to include the following documents when applying for this loan:

  • Income details. These include pay slips, child support statements, pension statements, allowances, rental income and commissions.
  • Proof you have the asset you wish to use as security. This can be a bank statement showing your term deposit or savings as well as papers showing that you own the vehicle you are submitting as security.
  • Expense details. These include utility bills, rent or board payments, loan repayments, credit card repayments, maintenance payments and lease payments.
  • Asset information. This includes savings, the value of any motor vehicles you may own and information on shares, bonds or property that you own.
  • Proof of ID. This includes your Australian driver's licence number and expiry.

Once approved, you can take advantage of all the features that come with this discounted personal loan. Compare personal loans and choose the one that best meets your financial needs.

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Harmoney Unsecured Personal Loan
3 - 7 Years, $2,000 - $70,000
5.35%
to 19.09%
6.14%
to 19.99%
Fixed
$275 - $575
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3, 5 or 7 years terms.
NAB Personal Loan Unsecured Fixed Fixed, 1 - 7 Years, $5,000 - $55,000
NAB Personal Loan Unsecured Fixed
1 - 7 Years, $5,000 - $55,000
6.99%
to 18.99%
7.91%
to 19.83%
Fixed
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan Fixed, 18 Months - 7 Years, $5,000 - $50,000
NOW Finance No Fee Unsecured Personal Loan
18 Months - 7 Years, $5,000 - $50,000
6.75%
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6.75%
to 19.95%
Fixed
$0
$0
You'll receive a fixed rate between 6.75% p.a. and 19.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

OurMoneyMarket Personal Loan
Exclusive

Fixed, 1 - 7 Years, $2,001 - $75,000
Exclusive
OurMoneyMarket Personal Loan
1 - 7 Years, $2,001 - $75,000
6.05%
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6.68%
to 23.84%
Fixed
1.50% - 6%
min. $250
$0
You'll receive a fixed rate from 6.05% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.
⭐ Finder Exclusive: Apply before 31st of August 2022 to secure a 0.20% p.a. discount for the full term of your loan.
Latitude Variable Rate Personal Loan Variable, 2 - 7 Years, $5,000 - $70,000
Latitude Variable Rate Personal Loan
2 - 7 Years, $5,000 - $70,000
5.75%
to 25.99%
6.68%
to 29.20%
Variable
0% - 5%
$13
You'll receive a variable rate between 5.75% p.a. and 25.99% p.a. based on your risk profile
Apply for what you need from $5,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
Wisr Personal Loan Fixed, 3 - 7 Years, $5,000 - $64,000
Wisr Personal Loan
3 - 7 Years, $5,000 - $64,000
7.45%
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8.28%
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Fixed
$595
$0
You'll receive a fixed rate between 7.45% p.a. and 18.45% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
NAB Personal Loan Unsecured Variable Rate Variable, 1 - 7 Years, $5,000 - $55,000
NAB Personal Loan Unsecured Variable Rate
1 - 7 Years, $5,000 - $55,000
6.99%
to 18.99%
7.91%
to 19.83%
Variable
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
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Citi Personal Loan Plus Variable, 3 - 5 Years, $5,000 - $75,000
Citi Personal Loan Plus
3 - 5 Years, $5,000 - $75,000
8.90%
9.18%
Variable
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

Special Offer: Monthly account service fee will be waived for applications submitted before 28 December 2022.
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Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate of 8.9% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

Logo for OurMoneyMarket Personal Loan
OurMoneyMarket Personal Loan

You'll receive a fixed rate from 6.05% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a guaranteed rate of 6.49% p.a. with a comparison rate of 7.41% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

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