Pioneer Credit Connect personal loan repayment calculator

Thinking about taking out a personal loan with Pioneer Credit Connect? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Pioneer Credit Connect personal loans compare with other options.

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • No monthly fees
  • No early repayment fees
  • Lower rates for homeowners without credit default history
  • Most rates are higher than average
  • Application and dishonour fees
  • No branch access

Pioneer Credit Connect personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

9.99%

Variable

10.28%

$637

based on $30,000 loan amount for 5 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pioneer Credit Connect
More details

11.99%

Variable

12.28%

$667

based on $30,000 loan amount for 5 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pioneer Credit Connect
More details

12.99%

Variable

13.28%

$682

based on $30,000 loan amount for 5 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pioneer Credit Connect
More details

14.99%

Variable

15.29%

$714

based on $30,000 loan amount for 5 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pioneer Credit Connect
More details

16.99%

Variable

17.29%

$745

based on $30,000 loan amount for 5 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pioneer Credit Connect
More details

18.99%

Variable

19.30%

$778

based on $30,000 loan amount for 5 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Pioneer Credit Connect
More details

Features of a Pioneer Credit Connect personal loan

Pioneer Credit Connect offers unsecured personal loans from $5,000 to $30,000 and secured personal loans from $5,000 to $50,000.

Personal loan interest rates range from moderate to high depending on whether the loan is unsecured or secured.

Pioneer Credit Connect personal loan rates will also depend on a borrower’s home ownership and credit default history. Typically, homeowners without a history of credit default will be able to secure lower interest rates than other borrowers.

Borrowers can expect an application fee from Pioneer Credit.

Pioneer Credit Connect does apply dishonour fees. However, there are no monthly fees or fees for early repayment.

Pioneer Credit Connect personal loans – customer service

There is no branch access for borrowers who would prefer face-to-face customer support.

Borrowers who do not require branch access have phone, email or online chat customer service options for assistance.

Who is eligible for a Pioneer Credit Connect personal loan?

  • Australian permanent resident or citizens
  • 18 years or older
  • Employed

How to apply for a Pioneer Credit Connect personal loan

  • Apply online or by phone
  • Additional info might be required after your application is completed

Pioneer Credit Connect personal loans review

Pioneer Credit Connect is an online and phone lender for those seeking personal loans from $5,000 to $50,000.

Pioneer Credit Connect personal loans are mostly for borrowers who need help with expenses such as buying a car, renovating their home, or consolidating their debt.

Pioneer Credit Connect does not offer assistance to borrowers in Australia who are looking to make a deposit on a home.

Current personal loan interest rates with Pioneer Credit Connect range from moderate to high. Typically, Pioneer Credit Connect’s lowest personal loan rates are offered to homeowners with no credit default in their history.

However, even those lowered rates are only considered to be moderate after borrowers compare personal loan rates from other lenders.

There are application and dishonour fees with Pioneer Credit Connect. However, Pioneer Credit Connect doesn’t charge monthly fees or early repayment fees.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans – they also get loaned less money. Each lender has its own policies, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

Are there emergency loans with no credit checks?

While many personal loans require a credit check as part of the application process, some personal loans and payday loans have no credit checks, which may appeal to some bad credit borrowers.

Keep in mind that even if a loan is available with no credit check, the lender will likely want to confirm that you can afford the repayments on your current income.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. They have higher interest rates than regular personal loans and are also harder to access.

Do $4000 loans have no credit checks?

Many medium amount loans for $4000 have no credit checks and are instead assessed based on your current ability to repay the loan, rather than by looking at your credit history. While these loans can appear attractive to bad credit borrowers, it’s important to remember that they often have high fees and can prove less affordable than other options.

Personal loans for $4000 are more likely to have longer loan terms and will require a credit check as part of the application process. Bad credit borrowers may see their $4000 loan applications declined or have to pay higher interest rates than good credit borrowers.

Can students with no credit history get loans?

It is possible for students with no available history of borrowing or managing money to get a personal loan, though it may be more difficult and/or expensive than for borrowers with a good credit history.

Having no credit history means having no credit score. While many lenders may consider having no credit score to be better than having a bad credit score, they may still consider it riskier to lend to an unknown borrower and may charge higher interest rates or fees than to borrowers with good credit scores.

What are the pros and cons of bad credit personal loans?

In some instances, bad credit personal loans can help people with bad credit history to consolidate their debts in such a way that it makes it easier for them to repay those debts. This is because the borrower might be able to consolidate several debts with higher interest rates (such as credit card loans) into one single debt with a lower interest rate.

However, this strategy can backfire if the borrower spends the extra money instead of using it to repay the new loan. Another disadvantage of bad credit personal loans is that they have higher interest rates than regular personal loans.

What do credit scores have to do with personal loan interest rates?

There is a strong link between credit scores and personal loan interest rates because many lenders use credit scores to decide what interest rates to offer to potential borrowers.

If you have a higher credit score, lenders will probably classify you as a lower-risk borrower. That means they’ll be keen to win your business, so they may offer you a lower interest rate.

If you have a lower credit score, lenders will probably classify you as a higher-risk borrower. That means they might be concerned about you defaulting on the loan and costing them money. As a result, they might protect themselves by charging you a higher interest rate.

How do you get a bad credit personal loan?

You can get a bad credit personal loan by applying directly to a lender, by going through a mortgage broker or by using a comparison website like RateCity.

Can I get a fast loan with bad credit?

Some lenders offer fast loans to borrowers with bad credit. Providers of small payday loans of up to $2000 or medium amount loans of up to $5000 may have no credit checks, though these lenders will usually want to confirm you can afford their loans on your income.

How long does it take to get a $5000 loan?

Depending on the lender, personal loans and medium-amount loans for $5000 can sometimes be approved in under an hour, and give you access to the money the same day. Other loans may take 24 hours or longer to assess your application, and you may not get the money for a few days.

How do I know if I've got a bad credit history?

You can find out what your credit history is like by accessing what’s known as your credit rating or credit score.

How long will I have bad credit?

Most negative events that appear on a personal’s credit file will stay in their credit history for up to seven years.

You may be able to improve your credit score by correcting errors in your credit report, clearing outstanding debts, and maintaining good financial habits over time.

What's a credit report?

A credit report is a record of your credit history – your credit enquiries, borrowings and your repayments. The report will include information about any bankruptcies or other relevant legal judgements. It will also include biographical information such as your address, date of birth, driver’s licence number and employment history.

How much can I borrow with a personal loan?

It’s unusual for a lender to make a personal loan above $100,000, although there is no formal limit. As with all lending products, each lender sets its own policies, while each borrower is assessed on a case-by-case basis.

Can I get a fast loan if I’m unemployed or on Centrelink?

Even if a lender has no credit checks, they will usually still need to confirm you can afford to repay a fast loan on your income before they’ll approve your application.

If 50% or more of your income comes from Centrelink payments, you may find it more difficult to have a fast loan application approved. Consider checking with the lender before applying to confirm if they lend to people on Centrelink.