Northern Inland Credit Union has been operating in Australia for over 50 years.
In addition to personal loans, Northern Inland Credit Union also offers everyday bank accounts, savings accounts, term deposits, insurance, home loans and financial planning services.
Members can visit one of Northern Inland Credit Union’s four branches, which are located in New South Wales, or use its online banking services.
Benefits
Drawbacks
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
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Northern Inland Credit Union offers a limited range of personal lending options for its customers. Variable and fixed rates are available for Northern Inland’s secured loans. Unsecured loans are also available with variable interest rates.
Northern Inland CU personal loan rates are moderately low when compared to other lenders in the market.
A maximum loan amount of $100,000 is available with loan terms of up to five years.
There is an upfront fee from Northern Inland, and it is higher than what borrowers would pay at a major bank. Low ongoing monthly fees also apply to Northern Inland Credit Union personal loans.
Redraw facilities are available, although a minimum redraw amount is required for activation.
There are only four Northern Inland Credit Union branches for customers to visit, all within New South Wales.
The rest of Australia will have to use Northern Inland CU as an online bank or contact them by phone for assistance.
Personal loan applicants must meet the following eligibility criteria:
Potential borrowers can apply for a Northern Inland personal loan in the following ways:
Northern Inland CU loans may be appropriate for borrowers who need assistance with purchasing a car or other personal items.
Variable and fixed interest rates are available in addition to secured and unsecured loans. This offers members flexibility in choosing the right personal loan for their circumstances.
Personal loan interest rates are moderately low when compared to other financial institutions. This could be beneficial for members looking to save money throughout the duration of their loan.
However, potential borrowers should be mindful of the higher-than-average upfront fees when taking out a Northern Inland Credit Union loan.
Customers can also expect a low ongoing monthly fee with their Northern Inland CU personal loan.
A redraw facility is available for customers who wish to borrow back money already paid off the loan.
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