Australian Mutual Bank All Purpose Personal Loan
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- Interest Rate (p.a.)
- 11.99%
- Comparison rate (p.a.)
- 12.21%
- Min Loan Amount
- $4,000
Summary
With this loan you can borrow from $4,000 up to $80,000 with terms up to 6 years.
Borrow between $4,000 up to $80,000. The Australian Mutual Bank All Purpose Personal Loan can be used for any purpose, including travel, home improvements or unforeseen events. It has a variable interest rate that starts at 11.99% p.a., with a comparison rate of 12.21% p.a.
Details
Product details
| Product Name | Australian Mutual Bank All Purpose Personal Loan |
| Interest Rate (p.a.) | 11.99% |
| Comparison rate (p.a.) | 12.21% |
| Interest Rate Type | Variable |
| Min Loan Amount | $4,000 |
| Max. Loan Amount | $80,000 |
| Loan Security | Unsecured |
Things to consider about Australian Mutual Bank All Purpose loan
With this loan you can borrow between $4,000 and $80,000 over a maximum of 6 years.
You also have the option to make additional payments which you can access through a free redraw facility. No fees are a charged for early settlement. The interest is variable and starts at 11.99% p.a.
While there are no ongoing or redraw fees associated with this loan, you will be charged an establishment fee of $150 and a dishonour fee of $10 for failed direct debits.
Features of the Australian Mutual Bank All Purpose loan
If you're interested in applying for this loan, here are some of its features:
- Available to members only. This loan product is only available to Australian Mutual Bank members. You can become a member by purchasing a $10 share when you apply.
- Quick online application. The online application form takes a few minutes to complete.
- Flexible. This is an all-purpose loan to be used for any expen
- Loan amount. Depending on what you can afford, you can borrow between $4,000 and .
- Loan term. This loan can be repaid over a maximum loan period of 6 years. You can choose to make weekly, fortnightly and monthly repayments.
- Competitive interest. The interest charged starts at 11.99% p.a. Interest is variable, which means that it can change throughout your loan term.
- Extra repayments. You can make additional payments without risking a penalty fee.
- Free redraw. You can withdraw additional repayments through a free redraw facility.
- Early settlement. No fees are charged for early settlement.
- Accessible. You can manage your loan online, over the phone and through mobile banking.
How to apply for the Australian Mutual Bank All Purpose loan
You can start your application conveniently online. Joint applications are allowed. Keep in mind the following eligibility criteria:
- You must be a member of Australian Mutual Bank.
- You must be at least 18 years old.
- You must an Australian citizen or permanent resident.
In addition to the information supplied for membership, you will also be asked to provide details concerning:
- Employment
- Salary and other sources of income
- Identification
- Existing debts and liabilities
Applying for a personal loan is a good way to bridge financial gaps, especially when dealing with costly unforeseen circumstances. However, every loan must be repaid, so be sure you can afford repayments before signing any contracts.
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