Loan Interest Rates - Effective 24 August 2020

Loan Type  Interest Rate Comparison Rate

Car Loan Special (Any car loan over $30,000)

Comparison rate based on a loan of $30,000 over 5 years

4.80% pa 4.99% pa

Car Loan Special (Any car loan over $20,000)

Comparison rate based on a loan of $30,000 over 5 years

5.80% pa 5.99% pa

New Car (less than $20,000)

Comparison rate based on a loan of $30,000 over 5 years

6.99% pa 718% pa

Used car with 20% deposit (less than $20,000)

Comparison rate based on a loan of $30,000 over 5 years

10.50% pa 10.70% pa

Used Car no deposit (less than $20,000)

Comparison rate based on a loan of $30,000 over 5 years

11.50% pa 11.70% pa

Personal Loans

Comparison rate based on a loan of $10,000 over 3 years

14.50% pa 15.45%
Overdraft  (Unsecured) 13.75% pa N/A

Mortgage Owner Occupied

2 Year Discount Rate

Comparison rate based on a loan of $150,000 over 25 years

4.55% pa

3.55% pa

 

4.60% pa

4.46% pa

 

Mortgage Investment

2 Year Discount Rate

Comparison rate based on a loan of $150,000 over 25 years

4.55% pa

3.55% pa

4.60% pa

4.46% pa

Mortgage Commercial

Comparison rate based on a loan of $150,000 over 25 years

8.15% pa

8.20% pa

Mortgage Overdraft 8.25% pa N/A
Home Equity Loan 5.05% pa N/A

The comparison rates are true for the examples given.  Different terms, fees or other loan amounts might result in a different comparison rate.

What is a comparison rate?

Varible Interest Calculated Daily, Charged Monthly. 

Full terms and conditions are available on application.

All loans subject to Credit Union Policy and lending criteria.

Australian Credit Licence 240722

Endorsed Board Meeting 24 August 2020

 

View our privacy policy First Choice Credit Union Ltd/ABN 63087649867/AFSL/Australian Credit Licence 240722/BSB 802318

Tell a FriendPrintBookmark Site