Personal Loan Rates, Fees & Charges

Interest Rates
Description Amount
Interest Rate 12.99% p.a.
Comparison Rate # 13.14% p.a.

What is a comparison rate

General Fees and Charges
Description Amount
Establishment fee $100.00
Ongoing account keeping fees Free
Annual fee Free
Extra payments Free
Early repayment fee Free
Internet and phone banking
Description Amount
Balance enquires Free
Recent transaction history Free
Statements
Description Amount
Duplicate or Interim Statements $5.00 per page
Other
Description Amount
Direct credit fee (if your loan is paid into your nominated account) Free
Bank cheque fee (if we agree to pay your loan amount via cheque) no fees for the first 3 bank cheques, and then $6.00 for each additional bank cheque

Interest rates are current as at 02-Dec-2008 and are subject to change. Fees and charges apply

# Comparison rate calculated on an unsecured loan of $30,000 for a term of 5 years, repaid monthly.

WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available from all offices of Members Equity Bank or you can view it online.