Important Information About Applying for a Loan
Personal and Home Loans
Personal Loans: Our Personal Loans will help you unlock your dreams. Whether you are buying a used car or a new car you’ve dreamt about owning, updating your kitchen or bathroom, or even if you need some extra spending money for your overseas holiday, we can tailor a personal loan to suit your needs.
Personal Overdrafts: Members can take advantage of our personal overdrafts which can be linked to the Visa Debit Card for everyday spending, or to cater for casual excesses on their cheque account. Home Loans: You can choose from a standard fixed or variable rate loan, split loans and interest only loans. We have a number of home loan packages available at competitive rates.
Home Equity Loans: By using the equity in your home, we can lend funds to you for any worthwhile consumer purpose, ie. motor vehicles, boats, holidays etc. These loans are available at better rates than those on offer using alternative forms of security.
Residential Investment Loans: Residential Investment Mortgage secured loans are available for the purpose of purchasing Residential Investment properties.
The interest rates and terms that apply to our Home and Personal Loans are dependent on your personal circumstances, including:
- Amount of application
- Existing relationship
- Security available
- Repayment history, either with us, a Bank or Finance Company
- Stability in employment and residency
Applying for a Personal Loan or a Home Loan is simple, with a range of convenient options:
- Complete an Online Loan Application right now;
- Phone us! Depending on the complexity of the application, we may be able to accept your application over the phone, or we will arrange a time for a personal interview at your home, workplace, or at one of our branches.
- Download a Loan Application and return it to your local branch in person, by fax, or by post.
Additional Information: Borrowing for any purpose is a big deal and if you’re just getting started, or even if you’re not a first time borrower, we have available additional information on loans to assist you with your own research.
Download the practical guide to buying property and the practical guide to buying a car.
Use our on-line calculators to see how much you can borrow using our Loan Repayment Calculators, and the benefits of making additional payments using our Extra Repayment Simulator.
Give us a call with any questions you might still have, we’re here to help you all the way.
If you have the need for a Credit Card, we offer a very competitive Mastercard, exclusive to Credit Unions. Click here for more information about MyCard.
Holiday Coast Credit Union offer a full range of progressive financial services and business banking products to suit all segments, and applying for a Business Loan with Holiday Coast Credit Union is as easy as making a phone call.
We provide personal service to all of our business clients with mobile Commercial Loan Managers available to call at a time and place to suit you. In other words, you will know who your Manager is and receive face to face service rather than the phone/fax "warehouse" approach. Business loans are available for any worthwhile purpose; the purchase of a business, for business assets, or an overdraft to assist with cash flow requirements. We can also assist with Leasing & Hire Purchase options.
The interest rates are subject to:
- Security provided
- Assessment of the loan proposal
- Current financial information (Accountants figures for last 3 years trading)
- Amount of application
- Existing relationship repayment history, with either us or other financial institution
- Residential stability
We have dedicated Commercial Loan Managers who will call personally to your home or office to discuss your requirements. Fees & charges for each business loan are assessed on a case by case basis and will be advised on application.
Should your application be successful you will need to become a member of Holiday Coast Credit Union prior to funding of the loan. Membership is limited to residents, employers or employees within Australia, with the primary membership focus being the Holiday Coast and Hunter Regions of New South Wales. For more information please refer to our section about becoming a member.
Full details of the relevant terms and conditions are available on application. Fees and charges are payable unless otherwise advised.
Terms and conditions, interest rates and fees and charges are subject to change at any time. This information does not take into account your financial situation and personal needs. You should read the following documents, prior to applying for your loan, to decide if the lending product is suitable to your needs.
Credit Guide: Our Credit Guide provides you with an understanding of what to expect from us when we provide credit to you. The Credit Guide includes information about some of our obligations under the National Consumer Credit Protection Act 2009 (The National Credit Act).
Lending Fees & Charges:Where we incur a charge from another organisation when acting on your behalf (such as legal fees or Government charges), it is our policy to pass these costs on to you. We have included some of these external fees as well as our own fees & charges in this guide. We recommend that you discuss the applicable fees and charges with one of our loans team prior to submitting an application
Lending Interest Rates: Information relating to current interest rates, comparison rates terms, conditions, product eligibility and descriptions.
Financial Services Guide (FSG):The Financial Services Guide (FSG) is designed to help you decide whether to use the financial products and services provided by Holiday Coast Credit Union. If we offer you a loan, we will provide you with an Offer and Loan Contract that will contain details of the terms and conditions applying to the loan and all applicable loan fees and charges ascertainable at the time of the offer.
Mutual Banking Code of Practice: The relevant provisions of the Mutual Banking Code of Practice apply to a loan contract if the borrower is an individual. The Mutual Banking Code of Practice requires us to give you information about the current interest rate (the annual percentage rate) and current fees and charges applying to a loan whenever you request it.