Great Day Secured Personal Loan
For when you wake up one morning and find you need a new car more than you just want a new car we'll be there for you with products that provide you with financial flexibility to suit your personal needs.
Flexibility to use your loan for any expense - from holidays, to education, to special family events with flexible terms and competitive interest rates designed to fit your needs and budget.
You'll save money with this loan because your Great Day Secured Personal Loan is secured either partially of fully so you get an even lower interest rate... and get your loan pre-approved before you go shopping so you can negotiate an even better deal on the things you want to buy.
A Great Day Secured Personal Loan could be the answer to all of your borrowing needs.
ABOUT THE PRODUCT
A variable interest rate personal loan that fluctuates as the market changes with many money saving features such as no monthly account keeping fees and the flexibility to make extra repayments without penalty so you can manage your payments as you choose. Always compare loans with the same features when looking for the best interest rate.
SECURITY
Partial or full security is required meaning that we will require an asset as collateral for the loan. The security required will be assessed depending on the loan amount applied for. You can benefit from a lower interest rate if you are able to provide some form of security for your loan. Your security guards the credit union against any financial loss which it may incur if you were unable to continue to meet your regular repayments and because the risk of loss is less we reduce the interest rates so you too can benefit.
ELIGIBILITY
Available for new and existing borrowers.
CURRENT INTEREST RATE
Interest is calculated daily and charged monthly. When interest is calculated daily, weekly or fortnightly repayments result in less interest being charged to your loan over the course of the loan.
VARIABLE INTEREST RATE
A variable rate Personal Loan is right for you if you feel comfortable accepting that with an interest rate change, so can your repayments - either up or down. If your loan is short term then any movements either way will likely not make much of a difference over the term, but if your loan is longer term then there is more opportunity to have multiple interest rate rises and you should consider what any change in increasing interest rates and monthly payments could do to your budget. A drop in rates can help you pay your loan off sooner, but a rise in rates can hit your hip pocket. We recommend that members pay a little bit extra each payment to build a buffer should their payment rise.
LOAN PURPOSE
Finance can be for motor cycles, new and used cars, consolidation of debt, education, home renovations, a holiday or any other worthwhile purpose.
FEES
Application fee applies however there are no on-going service fees on this or any other of our Personal Loan products. Other fees may apply with different loans such as legal costs, valuations, stamp duty. We will advise you on application of any fees applicable to you.
BENEFITS THAT DELIVER REAL SAVINGS
- No ongoing service fees
- No penatly for early payout of loan
- Re-draw facility
- Eligiblity for Skip-a-Loan-Payment at Christmas Promotion*#
- Make additional repayments without penalty
TOOLS TO HELP YOU GET STARTED
READY TO APPLY FOR A PERSONAL LOAN TO SUIT YOUR NEEDS?
It's easy, so when you’re ready to apply, or if you have any questions regarding a Personal Loan from Holiday Coast Credit Union;
- Visit your local branch and we'll set up an appointment for you to speak with one of our fully qualified and experienced lenders
- Call us on 1300 365 7 24, between 8am and 6pm Monday, Wednesday, Thursday & Friday, 8am and 5pm Tuesday, and speak to a Holiday Coast Member Contact team member
- Apply on-line
- Contact us and we'll make arrangements for one of our mobile lenders to come to you!
Lending criteria and fees and charges apply. Terms and conditions apply and are available on request. *Interest will still accrue. #Fee applies. Lending product is issued by Holiday Coast Credit Union Ltd. Information on this website does not take into account your personal needs and financial circumstances. We recommend that you read the important information about our lending products in considering if this product is right for you.