Finty
Fire Service Credit Union

Fire Service Credit Union L21 Prime U/S Personal Loan

UnsecuredVariable rate

FSCU offer the unsecured Prime personal loan to borrow funds for any worthwhile purpose, with unlimited extra repayments.

Written byDavid Boyd
Interest rate a year, from
13.90%
Comparison rate, from
15.27%
Establishment fee
$200
Monthly fee
Not published
Borrow
From $1,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 13.90%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$683
Total repayments
$24,573
Interest
$4,573

Loan details

Rates

Interest rate (a year)
13.90%
Comparison rate (a year)
15.27%
Rate type
Variable
Security
Unsecured

Limits and fees

Loan amount
From $1,000
Loan term
Not published
Establishment fee
$200
Monthly fee
Not published

How it compares

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

15.27%

From 15.27%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$8,060

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$200

A typical setup fee is $213.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 13.90%, so the rate you see is the rate you get.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • 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 higher starting rate. Its comparison rate starts at 15.27%, above the typical 10.56%, so it's likely to cost more than most similar loans unless you're offered less.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Unsecured loans from other lenders that start at a similar comparison rate.