MOVE Bank Personal Loan
Fixed rate
A personal loan from MOVE Bank, with rates from 13.74% a year.
- Interest rate a year, from
- 13.74%
- Comparison rate, from
- Not published
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- $5,000 to $25,000
Monthly repayment
$20,000 over 3 years
What it would cost
At the lowest published rate of 13.74%. The rate you are offered depends on your circumstances, and the establishment fee is not included.
- Monthly repayment
- $681
- Total repayments
- $24,517
- Interest
- $4,517
Loan details
Rates
- Interest rate (a year)
- 13.74%
- Comparison rate (a year)
- Not published
- Rate type
- Fixed
- Security
- Not published
Limits and fees
- Loan amount
- $5,000 to $25,000
- Loan term
- 1 year to 7 years
- Establishment fee
- Not published
- 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
$7,760
Interest and fees at its starting rate. Typical is $5,513.
Most you can borrow
$25,000
Typically you can borrow up to $60,000.
Longest term
7 years
7 years is the usual longest term.
Pros and cons
Pros
- One rate for everyone. Everyone approved gets 13.74%, so the rate you see is the rate you get.
- A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- 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 lower limit. Up to $25,000, less than the typical $60,000, so it may not cover a larger purchase.