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Loan Benefits

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Our range of loans come with some great benefits...

Variable and lump sum repayments

By contributing any extra income to your loan, in addition to your usual repayments, you are able to pay off your loan sooner and therefore you could save thousands of dollars in interest costs. ^

Early repayment without penalty

All Loans can be repaid early without penalty. The earlier you pay off your loan the more money you save in interest charges. ^

Redraw facility

South West Credit gives you the option of making extra repayments on your loan and then having the flexibility of being able to redraw on these extra repayments. You need to have your loan in advance by one months repayment plus at least $1000 as the minimum redraw amount is $1000. This facility allows you to park extra funds on your loan, thus saving you interest and then redrawing them as required, and there are no fees for redrawings. ^

No monthly loan service fees

Unlike some other institutions, we do not charge any account keeping or service fees on our loan, saving you money. ^

Loan Protection Insurance available

Loans are long term commitments, so it makes sense to protect your repayments. Learn more about our Loan Protection Insurance. ^

Automatic repayments (payroll deduction)

You can arrange to make automatic repayments either by payroll deduction, direct debit from your savings or transaction account, Internet or telephone banking. Setting up automatic repayments saves you time. ^

Ease of online application

Submitting a loan application couldn't be simpler. You can apply online today and for some loans you can receive approval within 24 to 48 hours. Although if you prefer to talk to someone in person, our staff will be more than happy to assist. ^

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