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Our personal loans come with some great benefits...

• Variable and lump sum repayments
• Early repayment without penalty
• Redraw facility 
• Loan repayment insurance available
• Automatic repayments (payroll deduction)
• Ease of online application

Variable and lump sum repayments

By contributing any extra income to your loan, in addition to your usual repayments, you are able to pay off your loan sooner and therefore you could save thousands of dollars in interest costs. ^

Early repayment without penalty

All Loans can be repaid early without penalty. The earlier you pay off your loan the more money you save in interest charges. ^

Redraw facility

Encompass Credit Union gives you the option of making extra repayments on your loan and then having the flexibility of being able to redraw on these extra repayments. You need to have your loan in advance by at least $110 and the minimum redraw is $100. This facility allows you to park extra funds on your loan, thus saving you interest and then redrawing them as required. See our Fees and Charges for Redraw fees. ^

^{(Our Banking System will automatically hold 1 (one) repayment in advance)}

Loan repayment insurance available

Loans are long term commitments, so it makes sense to protect your repayments. Learn more about our Loan Repayment Insurance. ^

Automatic repayments (payroll deduction)

You can arrange to make automatic repayments either by payroll deduction, direct debit from your savings or transaction account, Internet or telephone banking. Setting up automatic repayments saves you time. ^

Ease of online application

Submitting a loan application couldn't be simpler. You can apply online today and for some loans you can receive approval within 24 to 48 hours. No need to visit a Branch for a loan interview, although if you prefer to talk to someone in person, our staff will be more than happy to assist. Find a Branch nearest you. ^

More Information

• Need answers? Check out our FAQs
• Use one of our Loan Calculators to work out what loan is right for you

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Questions?

If you have any questions, please contact us