Personal loans? Where to go?

[Dansedgli]

Hey guys,

I want to buy a new toy and I want it yesterday.

I have just paid off a $25000 loan to the commonwealth bank in 8 or so months and now I want another one. This time for about $10K to buy a 4wd.

The plan is to pay it off before the year is up. Previously this was fine with CBA but they have changed there rules. I now have to have a variable rate loan instead of fixed and there may be fees for paying it off within a year.

Does anyone know which place is the best to go with these days for this kind of thing?

I want something that I can pay back within a year and not have to pay penalties.

I'll do a search but I really cbf reading through lots of different fine print.

On my list to look for is CBA, ANZ, St George, NAB, are there any others that may be good?

Cheers
Dan

[Nelso]

Check out www.bankchoice.com.au

[TonyJZX]

how the fuck are you paying off a $25k loan in 8 months???

[Dansedgli]

how the fuck are you paying off a $25k loan in 8 months???

1. Buy car cheap because seller has to move o/s.
2. Sell car for what it was worth after realising Vicroads and epa suck balls and I cant get insurance ever.
3. ???
4. Profit

[Dansedgli]

Thanks for that link nelso. Not sure its entirely accurate re: CBA info.

[intehnet]

you could whore yourself out to a thousand fat chicks for $50 a pop

[Dansedgli]

GF says no

[SPDRCR]

For only $10k and if it's going to be short term, why not just cash advance on a credit card?

[Dansedgli]

Nah, The plan is to get a 3 year loan that I can repay early with no fees and have a low monthly minimum repayment amount just in case I need the extra cash for emergencies.

ie. Repay a set $330 or whatever a month and pay an additional $800 or so each month on top of that.

It seems like all the options are the pretty similar. Does anyone know the deal with variable loans? In comparison rate schedules it says they vary from 12.2 to 14.45%. Does this mean that it wont vary to more than 14.45%?

Cheers
Dan

[fcukthedj]

i would like to know the same info about this topic. need a new car but dont have the cash atm.

[Spammy]

https://secure.allsurity.com.au/index.php

[wiggah]

do you really need a personal loan for this - is it too old for a car loan?

car loan interest rates around 7.2% are fairly common with no early repayment fees - just an establishment fee of $150 or so.

credit unions seem to be the cheapest

[intehnet]

borrowing money for something that devalues is not a wise idea

if it appreciates, but it
if it depreciates, rent it

[jesus]

look for the guy driving the car on the gold coast with the numberplate "SHARK"

he will hook you up

[Lon]

do you really need a personal loan for this - is it too old for a car loan?

car loan interest rates around 7.2% are fairly common with no early repayment fees - just an establishment fee of $150 or so.

credit unions seem to be the cheapest

Yup, thats what I have done... my credit union gave me a deal no bank or finance company could beat.

Now I just need my new vehicle to arrive in the country