Orange Credit Union Unsecured Personal Loan

UnsecuredVariable rate

An unsecured personal loan from Orange Credit Union, with rates from 13.89% a year.

Monthly repayment

$20,000 over 3 years

What it would cost

At the lowest published rate of 13.89%. 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

15.63%

From 15.63%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$8,104

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

Setup fee

$250

A typical setup fee is $213.

Most you can borrow

$50,000

Typically you can borrow up to $50,000.

One rate for everyone. Everyone approved gets 13.89%, 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.
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.

A higher starting rate. Its comparison rate starts at 15.63%, 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.