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QBANK - Debt Consolidation Loan

Unsecured | Variable

The QBANK Debt Consolidation Loan offers an advertised interest rate from 13.24% p.a. and a comparison interest rate from 13.86% p.a.. The QBANK Debt Consolidation Loan is a Variable rate, Unsecured loan with a minimum borrowing range of $1,000 and a loan repayment term of between 1 and 7 years.

More QBANK Debt Consolidation Loan details can be found below or visit QBANK to learn more or apply.

Compare Personal LoansProduct Image For QBANK - Debt Consolidation Loan - Unsecured | Variable
An Unsecured loan with an advertised rate of 13.24% p.a. and comparison rate of 13.86% p.a.
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Advertised Rate

13.24% p.a. Variable

Comparison Rate

13.86% p.a.

Loan Term

1 to 7 years

Borrowing Range

$1,000
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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
Monthly, Weekly, Fortnightly

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?

The objectives, needs, financial situation and eligibility criteria of customers in the target market are:

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.

Eligibility Criteria

  • Are 18 years of age or over.
  • Pay As You Go (PAYG) income earners, guarantors and self-employed (sole traders or partnership).
  • Permanent Australian residents or Australian citizens (residing in Australia or overseas) where the security provided is in Australia.

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