A personal loan is a shorter term loan up to 7 years that is generally used to finance a car or other vehicle, renovations to a home, consolidation of debt or to finance a holiday.
Other helpful FAQs.
A personal loan statement includes your interest rate, loan balance, repayment transactions processed during the statement period, interest charged, redraws and or fees.
A redraw facility allows you to access extra repayments you have made on your loan over and above the required minimum repayments.
A personal loan establishment fee is charged to your account when you take out a personal loan. It is charged at the beginning of the loan when the loan money is deposited into your nominated account or if cheque or transfer is made for a purchase.
Yes you can apply for an additional loan, subject to loan approval.