Fire Service Credit Union L23 Rediloan

UnsecuredVariable rate

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

Monthly repayment

$20,000 over 3 years

What it would cost

At the lowest published rate of 9.95%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

BorrowOver

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

Comparison rate

17.91%

From 17.91%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$5,667

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

Setup fee

$200

A typical setup fee is $213.

One rate for everyone. Everyone approved gets 9.95%, 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.

A higher starting rate. Its comparison rate starts at 17.91%, 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.

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