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Personal Loans
When you need money to finance almost anything in life, from a holiday in the sun to new furniture for your home, talk to someone who understands your needs and can help you choose the right loan.
Our range of personal borrowing options includes Personal Loans, Overdrafts and Lines of Credit, all with fast approval and flexible repayments.
Personal Borrowing Options include:
Unsecured Personal Loan
Our Unsecured Personal Loan is a no-fuss way to arrange
the finance you need, when you need it.
Features
- No monthly account keeping fees
- Flexible repayments – weekly, fortnightly or monthly
- You can borrow anything from $3,000 to $30,000*
- Loan term from 1 to 7 years*
- No penalty for paying out your loan early
- Variable interest rates
- Lump sum repayments at any time with no penalty
- A Redraw Facility is available ($500 minimum)
*Subject to loan purpose and amount of loan, security may be required
Secured Personal Loan
A Secured Personal Loan offers you a lower interest rate. Your loan can be secured against your car, caravan or campervan providing it is not more than 7 years old.
Features
- No monthly account keeping fees
- Flexible repayments – weekly, fortnightly or monthly
- You can borrow anything from $10,000 to $75,000
- Loan term 1 to 10 years
- No penalty for paying out your loan early
- Variables interest rates
- Lump sum repayments can be made at time with no penalty
- A Redraw Facility is available ($500 minimum)
Cash on Hand Line of Credit
Our Cash on Hand Line of Credit can be used for any worthwhile non-business purpose and gives you access to a set amount of money, but you only pay interest on the funds you use.
Features
- No monthly account keeping fees
- Interest charged only on funds used
- $20,000 minimum Line of Credit
- You can borrow up to a maximum of 80% of valuation
- Funds can be used for any worthwhile non-business purpose
- Access by MyState Financial Visa Debit Card, Redicard or Redicard PLUS, ATM, EFTPOS or cheque
- Credit limit may be extended subject to approval and valuation
- Direct Credit option available
Cash on Hand Investment Line of Credit
A Cash on Hand Investment Line of Credit can be used for any non-business investment purpose.
It gives you access to funds for any investment purpose – to buy shares, invest in a managed fund, to purchase
an investment property or for other investment purposes. Unlike most other loans, you only pay interest on the funds
you use.
Features
- No monthly account keeping fees
- Interest charged only on funds used
- Unsecured or Secured Line of Credit options available
- Maximum Line of Credit unsecured - $30,000* (minimum $5,000)
- Maximum Line of Credit secured - 80% of valuation (minimum $20,000)
- Access by MyState Financial Visa Debit Card, Redicard or Redicard PLUS, ATM, EFTPOS or cheque
- Salary deposit option available
• Subject to loan purpose and amount of loan, security may be required
To find out more, or to apply for a Personal Loan, call MyState Financial on 138 001, or visit your nearest Branch.
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