People’s Choice Unsecured Personal Loan

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Take advantage of pre-approval and flexible repayments with this unsecured personal loan from People’s Choice Credit Union.

If you’re looking for flexible loan to renovate your home, consolidate your debt or for anything else, you may want to consider this unsecured personal loan from People’s Choice. The loan amounts that you can apply for start as low as $2,000 and can go as high as $40,000.

3 things you should know about this loan

  • Flexible repayments. You can choose your repayment frequency – weekly, fortnightly or monthly – and you're able to make additional repayments or repay the loan early without penalty. A redraw facility is also available.
  • High costs. The interest rate is relatively high compared to similar loans and you need to pay a 0.15% fee to keep it it locked for the duration of your loan. There is also a $250 application fee.
  • Various loan amounts available. Apply for between $2,000 and $40,000.

From 13.99% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


Product NamePeople's Choice CU Unsecured Personal Loan
Interest Rate (p.a.)From 13.99% (fixed)
Comparison Rate (p.a.)15.78%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$40,000
Loan SecurityUnsecured

Main points to consider with this personal loan

This loan is unsecured and you can apply for between $2,000 and $40,000. You won't pay any monthly fees and if you apply for a People's Choice Zip account you will also pay $0 monthly fees on your account, saving you $72 a year.

Your interest rate will be fixed for the duration of your loan term, which can extend up to 7 years. You can make extra repayments and repay your loan early without penalty. Pre-approval is available with this personal loan and remains valid for 90 days.

Features of the People’s Choice Credit Union Unsecured Personal Loan

The following are some of the features that come with this unsecured personal loan:

  • Fixed interest rate. This loan comes with a fixed interest rate that will be confirmed when you apply.
  • No monthly fees. There are no monthly fees associated with this loan.
  • Flexible repayments. You can choose weekly, fortnightly or monthly repayments.
  • Redraw facility. You can make extra repayments and redraw the funds whenever you need them.
  • Access to online banking. You will have easy access to your money through online banking, which allows you to redraw any extra repayments that you’ve made with ease.
  • Loan term options. Loan terms run from 1 year up to 7 years
  • Loan amounts. With this loan, you are able to apply for a minimum of $2,000 and a maximum amount of $40,000.
  • No penalties for early payout or additional repayments. You won’t incur a fee for paying off your loan early or for making additional repayments.
  • Pre-approval. You can get your loan pre-approved for 90 days, which will give you an idea of how much you can borrow.
  • Fee structure. There is a $250 application fee for this loan.

How to apply for the People’s Choice Credit Union Unsecured Personal Loan

To apply for this loan, you simply click on “Go to Site” and ensure you meet the following requirements:

  • You must be 18 or older
  • You must share you residential and employment details for the last three years
  • You must have a stable income

The documents you need for this application include the following:

  • Income details. These include pay slips, child support statements, pension statements, allowances, rental income and commissions.
  • 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.

Although there are a number of benefits to choosing this personal loan, it’s important to compare personal loans and choose one that meets your current financial situation.

Personal Loan Offers

Important Information*
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Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.67% p.a. to 18.6% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: The establishment fee will be waived if you apply before 30 September 2019.

Logo for ING Personal Loan
ING Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.

Logo for RateSetter Unsecured Personal Loan - 3yr Variable
RateSetter Unsecured Personal Loan - 3yr Variable

You'll receive a variable rate between 5.85 p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

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  1. Default Gravatar
    May 4, 2018

    Yes, I need a loan, please.

    • AvatarStaff
      May 4, 2018

      Hi Tamika,

      Thank you for getting in touch with finder.

      If you are considering to take a loan with People’s Choice, kindly visit their website or call them directly since this page has no “Go to site” button to proceed with your online application. While we are not allowed to provide specific recommendations, let me give you general information to help you make a better choice. Please check out this link to see other banks or lenders for your unsecured personal loan enquiry.

      I hope this helps.

      Have a great day!


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