Coastline CU Unsecured Personal Loan
- Interest Rate (p.a.)
- 13%
- Comp. Rate (p.a.)
- 15.15%
- Min Loan Amount
- $10,000
Summary
Borrow up to $100,000 unsecured. Interest charges and fees apply.
This personal loan from Coastline CU is unsecured and does not require an asset as collateral. You can borrow from $10,000 up to $100,000. A free electronic redraw facility is also available. There are no monthly fees for this loan, but you will be charged a $300 establishment fee and interest charges.
Details
Product details
| Product Name | Coastline Bank Personal Loan - Unsecured |
| Interest Rate (p.a.) | 13% |
| Comp. Rate (p.a.) | 15.15% |
| Interest Rate Type | Variable |
| Min Loan Amount | $10,000 |
| Max. Loan Amount | $100,000 |
| Loan Security | Unsecured |
How does the Coastline CU Personal Loan Unsecured work?
This personal loan from Coastline CU is unsecured, and does not require an asset as collateral for the loan. Unsecured loans come with higher interest rates and lower borrowing amounts, making them more expensive. The loan funds can be used for a variety of purposes, including for personal expenses like holidays.
What features does Coastline CU Personal Loan Unsecured offer?
- Unsecured loan. No security is required for this loan.
- Borrowing up to $100,000. You can borrow from $10,000 up to $100,000.
- No monthly fees. You won't be charged monthly loan fees for this loan.
- Flexible repayments. This loan offers flexible repayment options.
- Redraw facility. You can redraw a minimum of $500. There is no fee to redraw electronically, but a $20 fee applies for assisted in-branch redraws.
How much does Coastline CU Personal Loan Unsecured cost?
The costs associated with this loan include:
- Loan principal
- Interest rate of 13% p.a.
- Loan establishment fee of $300
There are no monthly fees associated with this loan. The comparison rate, which includes interest charges and fees, is 15.15% p.a.
What are the pros and cons of Coastline CU Personal Loan Unsecured?
Pros
- No monthly fees. No monthly fees are charged for this loan. This keeps down the cost of your loan.
- Redraw facility. You have access to the redraw facility, with a minimum redraw amount of $500. Electronic redraws are free.
Cons
- More expensive. Compared to the secured personal loan options, the interest rate for unsecured loans is higher. This increases the cost of your loan.
Am I eligible for this loan?
To apply for this loan, you will need to:
- Be 18 years or older
- Be an Australian citizen or permanent resident
- Be in paid employment
- Not have been bankrupt
How do I apply for this loan?
You can apply for this loan online, through the Coastline CU website. Keep your documents on hand to speed up the process.
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