Coastline Staff Personal Loan
Variable rate
A personal loan from Coastline, with rates from 7.15% a year.
- Interest rate a year, from
- 7.15%
- Comparison rate, from
- Not published
- Establishment fee
- $5
- Monthly fee
- Not published
- Borrow
- From $500
Monthly repayment
$20,000 over 3 years
What it would cost
At the lowest published rate of 7.15%. The rate you are offered depends on your circumstances, and the establishment fee is not included.
- Monthly repayment
- $619
- Total repayments
- $22,281
- Interest
- $2,281
Loan details
Rates
- Interest rate (a year)
- 7.15%
- Comparison rate (a year)
- Not published
- Rate type
- Variable
- Security
- Not published
Limits and fees
- Loan amount
- From $500
- Loan term
- Not published
- Establishment fee
- $5
- Monthly fee
- Not published
How it compares
Against the other personal loans we compare. Typical means the middle half of them.
Cost of $20,000 over 5 years
$3,851
Interest and fees at its starting rate. Typical is $5,513.
Setup fee
$5
A typical setup fee is $150.
Pros and cons
Pros
- One rate for everyone. Everyone approved gets 7.15%, so the rate you see is the rate you get.
- Redraw. You can take back extra repayments later if you need the money.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
- A $5 late payment fee. Setting up automatic repayments avoids it.