QBANK - All Purpose Loan
Unsecured | Variable
The All Purpose Loan offers a borrowing range starting from $1,000 as well as advertised interest rates from 13.24% p.a.. It also has repayment terms of between 1 and 7 years. The QBANK All Purpose Loan is a Variable rate, Unsecured loan with comparison rates from 13.86% p.a.. The early repayment fee with this loan will be $0.
More QBANK All Purpose Loan details can be found below or visit QBANK to learn more or apply.
The loan type will be Unsecured with a comparison rate of 13.86% p.a. and an advertised rate of 13.24% p.a.
Advertised Rate
13.24% p.a. Variable
Comparison Rate
13.86% p.a.
Loan Term
1 to 7 years
Borrowing Range
$1,000
Interest
Rate Type
Variable
Advertised Rate
13.24% p.a.
Variable
Comparison Rate
13.86% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Unsecured
Loan Terms
Loan Term
1 to 7
years
Borrowing Range
$1,000
Repayment
Fortnightly, Weekly, Monthly
Features
Redraw Available
Yes
Fees
Establishment Fee
$195
one off
Loan Service Fee
$5
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
Applicants in the target market for this product are likely to have the following objectives, needs and financial situation:
Objectives
- This product is suitable for those who are seeking a general personal loan or a debt consolidation loan for more than $1,000 and are seeking to repay the loan within 7 years.
Needs
- This product offers a variable interest rate and is suitable for those who are seeking low monthly fees and flexible repayments.
Financial Situation
- To assess whether this product is affordable to the Member, QBANK will make reasonable enquiries about the Member's financial situation in accordance with QBANK’s credit assessment criteria.
Visit QBANK to view Target Market Determination Effective From: 2024-02-14.
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