Finty
Queensland Country Bank

Queensland Country Bank Personal Loan-Unsecured

UnsecuredVariable rate

Our unsecured personal loan is a flexible option for a variety of purposes. It is a great option to help you finally get away on that well deserved holiday, and can even be used to roll all of your debts into a single, manageable regular repayment.

Written byDavid Boyd
Interest rate a year, from
14.69%
Comparison rate, from
15.55%
Establishment fee
$150
Monthly fee
$10
Borrow
$1,000 to $60,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 14.69%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$700
Total repayments
$25,210
Interest and monthly fees
$5,210

Loan details

Rates

Interest rate (a year)
14.69%
Comparison rate (a year)
15.55%
Rate type
Variable
Security
Unsecured

Limits and fees

Loan amount
$1,000 to $60,000
Loan term
Not published
Establishment fee
$150
Monthly fee
$10

How it compares

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

Comparison rate

15.55%

From 15.55%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$9,103

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

Setup fee

$150

A typical setup fee is $213.

Monthly fee

$10

A typical monthly fee is $10.

Most you can borrow

$60,000

Typically you can borrow up to $50,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 14.69%, 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.
  • 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 higher starting rate. Its comparison rate starts at 15.55%, above the typical 10.56%, so it's likely to cost more than most similar loans unless you're offered less.
  • A $10 monthly fee. That adds $600 over 5 years, as well as the interest.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
  • A $40 late payment fee. Setting up automatic repayments avoids it.

Similar loans

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