Personal Loans
Get a loan of $500 to $15,000 hassle free with APS Personal Loans. Membership required.
I want to…
Consolidate debt
Take a holiday
Renovate property
Manage expenses
Our rates for personal loans
To apply for a personal loan, you must be a member of APS Benefits Group
Long term members
11.90%
per annum
Members with over 10 years membership
Borrow from $500 to $15,000
No application or exit fees
1-7 year term
Fixed interest rate
Redraw facility
Flexible repayments
Short term members
12.90%
per annum
Members with less than 10 years membership
Borrow from $500 to $15,000
No application or exit fees
1-7 year term
Fixed interest rate
Redraw facility
Flexible repayments
Repayment calculator
Getting a loan is easy
Apply online in minutes
You must be over 18 years old, be an Australian resident and, if you’re a new member, suitable identification.
Get approved in 24 hours
We will review your application and notify you by email when your application is successful. You will then have access to APS Online.
Manage your loan online
Use the APS member login to access your loan, make repayments – you can even use it to top up your loan.
Great to deal with. I don’t have the best credit history and Tony was happy to help when banks wouldn’t.
John
Always exceptional customer service. APS make the loan application process so easy and effortless.
Heather
Wonderful compared all the other lenders. They help you when life throws curve balls – tough times.
Rebecca
We’re here to help
Write to us
Phone
1300 131 809
9:00am to 5:00pm
Send us an email at
info@apsbenefitsgroup.com.au
Drop in
440 William Street, West Melbourne VIC 3003, Australia
Tips for managing your personal loan
Are you eligible for a Personal Loan?
Personal Loans are perfect for those who want to consolidate debt or need help covering unexpected costs
How do I apply for a Personal Loan?
You can apply for an APS Personal Loan online in a few quick and easy steps. You are required to become a member of APS Benefits Group
Your line of credit loan: everything you need to know
Your APS Personal Loan is essentially a line of credit loan – you can redraw up to the approved amount of the loan
FAQs
Do I need to be a member of APS Benefits?
Yes, you need to be a member of APS Benefits Group. Being a member entitles you to more
than a funeral benefit. You also have access to our wide range of personal and financial services such as Tax & Accounting, Wills & Estates, Financial Planning, APS Savings and
Mortgage Broking.
Are there any application fees or similar charges?
No, there are no application fees involved. The only fee you will incur is if you redraw from your loan. You will then be charged a top up fee (currently $50) and this fee is added to your new loan.
How long will it take to obtain approval of a loan?
Approval may be obtained within one business day.
Can I pay off my loan early?
All APS loans can be paid out whenever you like, without penalty.
I do not have a good credit history and have defaults listed, will I be eligible?
Yes, applications will be assessed on a case by case basis. We do have loans for members
who are credit impaired but charge 13.9% and 14.9% and use the loan funds to pay any unpaid defaults.
What happens if I can no longer afford my loan repayments?
If you can no longer afford your loan repayments, we ask that you contact the APS loans team to arrange an amicable repayment plan. If you are experiencing challenges that affect your ability to repay your loan, we will work with you to make necessary adjustments.
Can I take out a second loan, even if I already have one?
You can have multiple APS Car Loans, Caveat Loans and Home Loans. However, you can only
have one Personal Loan or Special Purpose Loan.
What interest rate will I be charged?
The interest rate is determined by the number of continuous years that you have been a
member of APS Benefits. The current rate is 12.90%, however, if you have been a member for ten or more years, you will be rewarded with a reduced rate of 11.90%.
Will these loans be secured or unsecured?
All loans will be unsecured.
How can I repay this loan?
Loan repayments must be made by either allotment from your salary or direct debit from your bank account. Repayments from a bank account may be made weekly, fortnightly or monthly.
Are there any penalties for early repayments?
No, you can make extra repayments and repay the loan at any time without penalty.
What is the maximum term?
The maximum term for line of credit loans is seven years.
Am I eligible if I am self-employed?
Yes, you are eligible, however, we would generally require that you have been self-employed for at least one financial year and will need to supply an ABN and taxation returns.
My spouse is also a member. Can we each apply for a $15,000 loan?
Yes, you can both apply for a loan as long as it can be demonstrated that you can comfortably
repay both loans.
If I top up my loan, how long until I receive the money?
If the request is received prior to 2pm (AEDST) the money is usua?ly transferred that day. If the request is received after 2pm or on a weekend, it will be transferred the next business day.
What's the minimum personal loan I can get?
Comparison Rate Warning
Nominal & Comparison rates are identical. Top up fees are excluded from the comparison rate. The Everyday Loans interest rate is for an unsecured loan. The Special Purpose and Vehicle/Vessel Loans interest rates are for a secured loan. See a complete Comparison Rate Schedule. All interest rates subject to approval.
More loans
Car loans
Borrow the total for a new or used car
Special Purpose
Up to $60,000 for larger expenses. Home equity required.
Home loans
Get a loan at a competitive rate even when the banks say no