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WAW Personal Loan

Access terms up to 15 years and no monthly fees. Interest charges and application fees apply.

This personal loan comes with secured, partially secured or unsecured options. It offers long loan terms, up to 15 years. To apply for this loan, you need to be located in or associated with North East Victoria or Southern New South Wales. Interest rates are tailored based on the security you offer. Although there are no monthly fees, you will be charged an application fee and interest charges.

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From 6.24% (variable)

Interest Rate (p.a.)

6.87%

Comparison Rate (p.a.)

$1,000

Min Loan Amount

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Details

Product NameWAW CU Personal Loan
Interest Rate (p.a.)
From 6.24% (variable)
Comparison Rate (p.a.)6.87%
Interest Rate TypeVariable
Min Loan Amount$1,000
Max. Loan Amount$50,000
Loan SecuritySecured

How does the WAW Personal Loan work?

This loan comes with a secured and unsecured option. The interest rate is tailored according to the type and level of security provided for the loan. This loan also has a long loan term, up to 15 years. You need to be located in or associated with North East Victoria or Southern New South Wales to apply. The unsecured option comes with a higher interest rate, but without the risk of offering security.

What features does the WAW Personal Loan offer? 

  • Secured and unsecured options. You can secure the loan and receive lower interest rates in return. Or you can opt for the unsecured option, with higher interest rates. You can also partially secure the loan.
  • Variable rate. With a variable rate loan, your interest payments may fluctuate according to the market rate. It could decrease if the rate goes down or increase if the rate goes up.
  • Terms up to 15 years. Your loan term can range up to 15 years.
  • Extra repayments. You can make unlimited additional repayments.

How much does the WAW Personal Loan cost? 

There are a number of costs associated with this loan. They include: 

  • Loan principal
  • Interest rate starting from 6.24% p.a.
  • Application fee of $150

This loan does not have monthly fees. The comparison rate, which includes fees and interest charges, starts from 6.87% p.a.

What are the pros and cons of the WAW Personal Loan?

Pros 

  • Long loan terms. You may be able to get terms up to 15 years. This means lower monthly repayments, although you’ll be paying interest for the duration of the loan.
  • Unlimited extra repayments. You can make unlimited extra repayments and pay off the loan early.

Cons

  • Interest rates tailored according to security. Your interest rates will be tailored based on the security you offer. This can mean higher rates for some types of security over others. 
  • Higher interest for unsecured loans. You’ll be charged at a higher rate if you don’t wish to secure or don’t have security to offer. 
  • No redraw facility. Although you can make extra repayments, you can’t redraw this money. 

Am I eligible for the WAW Personal Loan?

To be eligible for the loan, you must be located in or associated with North East Victoria and Southern New South Wales. You should also be over the age of 18 and meet the credit assessment criteria for the product.  

How do I apply for the WAW Personal Loan? 

You can make an inquiry through the WAW website. Have your documents at hand to speed up the process. 

Personal Loan Offers

Important Information*
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Harmoney Unsecured Personal Loan

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.

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ANZ Fixed Rate Personal Loan

You'll receive a fixed rate between 6.49% p.a. and 15.99% p.a. ( 7.41% p.a. to 16.84% p.a. comparison rate) based on your risk profile
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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
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Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 22.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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