Personal Loan
Interest rate
5.17% p.a.1

Our mortgage secured overdraft features a lower interest rate compared to the unsecured overdraft. If your transaction account runs low on funds and you have unexpected expenses, a Community First overdraft will cover you and help you avoid account overdrawn fees. You don't have to use it, but it's good to know it's there.

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Apply online and get an instant response

Features and benefits

• Access to your funds when you need it so you have security against unexpected expenses 
• Maximum limit is $15,000 (higher limits available subject to approval)
• You will only be charged interest on the amount you use. So if you don’t access the money you will not pay interest 
• Interest on personal overdrafts is variable 
• Mortgage secured and unsecured options available 
• The minimum monthly repayment for a mortgage secured overdraft facility is 1% of the outstanding balance at the last statement date with a $20 minimum repayment 
 

 

Eligible accounts

  1. Access Account 
  2. Retirement Plus Account 
  3. McGrath Pink Visa Debit
  4. Money Market Account 
  5. Student Starter Account^

 

^Student Starter account holders can apply for a $500 credit limit if 18 years of age or older.

Eligibility

You can apply if you:
 
  • Are over 18 years of age
  • Have a regular income
  • Are not bankrupt
  • Are an Australian citizen or permanent resident
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
 
What you may need to apply:
 
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.

 

Self employed

Community First Credit Union is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts. Please note that Community First does not offer commercial lending. Find out more here.

Rates

Picture of Overdraft facility (Mortgage secured)

Overdraft facility (Mortgage secured)

Mortgage secured
Interest rate
5.17% p.a.1
How to apply
You can choose to apply online, over the phone, or by visiting one of our Financial Services Stores.
Features and benefits
• Access to your funds when you need it so you have security against unexpected expenses 
• Maximum limit is $15,000 (higher limits available subject to approval)
• You will only be charged interest on the amount you use. So if you don’t access the money you will not pay interest 
• Interest on personal overdrafts is variable 
• Mortgage secured and unsecured options available 
• The minimum monthly repayment for a mortgage secured overdraft facility is 1% of the outstanding balance at the last statement date with a $20 minimum repayment 
 

 

Eligible accounts
  1. Access Account 
  2. Retirement Plus Account 
  3. McGrath Pink Visa Debit
  4. Money Market Account 
  5. Student Starter Account^

 

^Student Starter account holders can apply for a $500 credit limit if 18 years of age or older.

Eligibility
You can apply if you:
 
  • Are over 18 years of age
  • Have a regular income
  • Are not bankrupt
  • Are an Australian citizen or permanent resident
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
 
What you may need to apply:
 
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.

 

Self employed

Community First Credit Union is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts. Please note that Community First does not offer commercial lending. Find out more here.

Rates
Picture of Overdraft facility (Mortgage secured)

Overdraft facility (Mortgage secured)

Mortgage secured
Interest rate
5.17% p.a.1
Credit eligibility criteria, terms & conditions, fees & charges apply.
1 Rate is current as at 01/09/16 and subject to change without notice.  

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