People First Bank
Discounted Personal Loan
People First Bank · pers loans
Provider last updated this product 2026-06-08.
Our Discounted Personal Loan is free of ongoing monthly fees, offers flexible loan terms and can be used to buy or refinance a new or used car, caravan or motorcycle at a great rate. We offer a discounted interest rate with our Green Car Loan option.
As published by the lender
- Vehicles - New or used vehicles
- Headline rates - from 0.50% to 6.49%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| FIXED | 6.49% | 6.84% | OTHER | PRINCIPAL AND INTEREST | 60 months | $20,000 - $120,000, Discounted Personal Loan (Car Loan) LVR | calculated daily, paid monthly |
| A Discounted Personal Loan (Car Loan) may be used to purchase or refinance a car, caravan or motorcycle up to 10 years old and must be used as security. | |||||||
| DISCOUNT | 0.50% | 6.34% | OTHER | PRINCIPAL AND INTEREST | - | $20,000 - $120,000, Discounted Personal Loan (Green Car Loan) LVR | calculated daily, paid monthly |
| A Discounted Personal Loan (Green Car Loan) may be used to purchase or refinance a 'green' car (electric, hybrid electric or hydrogen) up to 7 years old and must secure the loan. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Personal Loan Application Fee | UPFRONT | $250 | - |
| Preparation of Substitute Security | EVENT | $75 | - |
| Arrears Administration Fee 1 | EVENT | $25 | Payable if you fail to make repayments due under your credit contract and you do not pay an amount sufficient to clear all repayment arrears within 7 days of us notifying you that your account is in arrears. |
| Arrears Administration Fee 2 | EVENT | $25 | Payable if you fail to make repayments due under your credit contract and your account remains in arrears for a period of 20 days or more. |
| Notice of Enforcement fee | EVENT | $25 | Charged whenever an eforcement notice is issued in relation to a credit contract that is not secured by a mortgage over real property. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 0.50% | 6.34% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Flexible repayment frequency - pay weekly, fortnightly or monthly.
- Pre-Approval valid for 90 days
- No penalties for additional repayments or early payout
- Fixed for 5 years then reverts to a variable rate for remaining term up to 10 years.
- No monthly account keeping fees
Who can apply
- otherTerms, conditions, fees, charges and lending criteria apply and are available on application
- residency status - Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- min age - 1818 years and over
- natural person - Personal Members only
Limits
- min limit - 20000.00Minimum loan size is $20,000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-06-08T14:35:33.639Z · Product ID: 6435d68c-9128-427f-90f5-3d47eab0c0ff