People's Choice Car Loan

• Car loans starting from $2,000
• Low-interest starting from 5.64%
• Repayment up to 7 years

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People's Choice - with them you get fast pre-approval times

Selected lenders are very limited as to what you can use as security, but they let you use a new or used car to secure the car loan, or any other vehicle in its discounted personal loan or secured personal loan.

Fast pre-approval

Their car loan pre-approvals are valid for a period of 60 days. The pre-approval lets you know how much you have to spend when you go shopping for a car, this will give you the upper hand when negotiating for a price of a private sale or you could go shopping online. There is a rate lock fee of 0.15 per cent applicable.

Discounted rates

Select a Discounted Personal Loan so that you can take advantage of their competitive rate of 7.99per cent annually, perhaps you're purchasing a new car for over $20,000, if so, you may be eligible for a special rate of 5.64 per cent annually, with the Car Loan.

Flexible repayments

You have a choice of how you would prefer to schedule your repayment by weekly, monthly or every fortnight.

Redraw facility

Any extra repayments you make can be recovered using the redraw facility. The minimum redraw amount is $250, remember that a fee does apply if you redraw in-branch. Also, you are only permitted to redraw if you've made sufficient additional repayments.

What other products does People's Choice offer?

There are several personal and business banking products on offer with the People’s Choice Credit Union.

Transaction and savings accounts

There are several account options to choose from if you’re under the age of 25, an Everyday Account, an Active Account a Zip Account which gives you access a quick loan and there is also a Club 55 account for seniors. They bid savings and Investments accounts that also include a Bonus Saver and a Young Saver Account.

Home loans

They offer several home loan options that you can select this includes a variety home and investment loan package, fixed-rate home and investment loan, a basic variable home and investment loan or you could choose a standard variable home and investment loan.

Credit card

Consider the People’s Choice Visa credit card, they offer 62 days interest-free as well as a competitive rate of 2.99 per cent for the balance transfer, plus cash advances and purchases.

Insurance

They offer a range of Personal Insurance for you to choose from such as: Home and Contents Insurance, Car Insurance, Travel Insurance, Landlords Residential Property Insurance, Mortgage Repayments Insurance, Motorcycle Insurance, Caravan Insurance, Boat Insurance and financial planning. You can count on the financial planning services of the People's Choice Credit Union. Should you be looking for advice on your financial future?

Foreign currency

Get ready for your overseas trip because People's Choice Credit Union offer products such as a Cash Passport, foreign cash, international currency drafts or transfers.

You'll need the following information on hand to complete your application:

• Identification - Full names as well as license number an expiry.
• Income - You will be required to provide payslips; you will also need to provide any extra income, such as child support, pension, overtime, allowances, rental income, and commission, etc.
• Expenses - Provide proof of your rent, loan repayments, board, utility bills, and credit and store cards.
• Assets -List your cash savings, shares, bonds, property and furnishings and the value of your motor vehicle.
• Residential and employment details

It is essential that these details are for the last three years.

It is not necessary for you to be a People’s Choice member to apply for a loan, but you would need to become a member before the loan application can be finalised.

People's Choice is a trusted & reliable provider of car loans

In our review, People's Choice adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ People's Choice is a registered credit provider in Australia: ACL 244310