low interest personal loan

We are delighted to be offering a new low-interest personal loan product with an interest rate of 8.90% p.a. Previously, APS personal loans were only available to those who required up to $15,000 but now you can apply for up to $40,000 with APS low-interest personal loans.

So what do you need to know?

Low-interest personal loan facts

Interest rate: 8.90%

Maximum borrowing amount: $40,000

Maximum term: 7 Years

Repayment terms: Weekly, Fortnightly or Monthly via deduction from the applicant’s salary or if this is not available a Direct Debit Authority.

Criteria for APS low-interest personal loans

  • You must own property or an asset that can be registered on the PPSR
  • Proof of ownership MAY be required
  • Your application will be assessed under our normal lending criteria and within the NCCP Act.
  • You may be approved for this type of loan in addition to any existing APS Benefits Loans.
  • If you own property, a Caveat Authority will be obtained but will only be lodged if there are missed payments.
  • If a vehicle is offered as security, it must be comprehensively insured for market value with APS Benefits Group Ltd being noted as an interested party.
  • Interest rate is fixed for the term of the loan.
  • No penalty for early repayment, however, NO TOP UPS ARE PERMITTED
  • If the loan falls into arrears a 2.00% p.a. penalty will be invoked.

Application procedure

  • You can apply by completing our loan application online or by hard copy.
  • We will complete a credit check through our credit reporting agency (Equifax).
  • Your loan is assessed under the NCCP Act guidelines ensuring that you have the ability to repay your loan comfortably.
  • Once approved, contracts are drawn and forwarded to you together with Direct Debit Authority (DDA) or Allotment Authority.

Have more questions?

Are you interested in learning more? Get in touch with the team or click here to read more about APS personal loans