Hume Bank Personal Loans



Hume Bank Personal Loan

Headquartered in Albury, New South Wales, Hume Bank was established in 1955. The bank aims to be cooperative to help members access funds to purchase their own homes. With a belief in building your long-term prosperity and supporting goals that benefit your community, not profit from them. Hume Bank offers a full range of banking services, including personal and business checking and savings accounts, home mortgages, commercial loans, and financial planning services.

Hume Bank Personal Loans Rates

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Hume Bank undefined Interest Rate

Hume Bank




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Pros & Cons-Hume Bank


  • Strict lending policies.
  • Signup Fees.
  • Customer Support.


  • Strict Age Restrictions.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

About Hume Bank Personal Loan

People can use a personal loan for a number of things, including debt consolidation, car purchases, and home improvement projects. Due to the lack of collateral, personal loans differ from mortgages and auto loans. This implies that the lender has no claim to your asset if you default on your personal loan. Hume Bank is a fantastic alternative for consumers who need quick access to finances because it provides reasonable interest rates and flexible repayment options.

Features of a Hume Bank Personal Loan

  • Flexible repayment options - Hume Bank offers flexible repayment options to suit the needs of its customers. You can choose to make weekly, fortnightly or monthly repayments.
  • Competitive interest rates - Hume Bank offers competitive interest rates on personal loans, making it an affordable option for customers.
  • Loan term - Hume Bank's personal loans have a loan term of up to 7 years, giving customers plenty of time to repay their loan.
  • No early repayment fees - Hume Bank does not charge any early repayment fees, meaning customers can make additional payments to their loans to reduce the overall interest payable.

Redraw facility - Hume Bank offers a redraw facility that allows customers to access any extra repayments they have made on their loan. 

Hume Bank Personal Loan Calculator

You can use Hume Bank's personal loan calculator to calculate your repayment schedule if you're thinking about applying for one. You can enter the desired loan amount, loan period, and interest rate using the calculator, which is a straightforward tool. After that, the calculator will give you an estimate of your monthly payments, total interest due, and loan costs. You can use the calculator to estimate your repayment amounts more accurately and make an appropriate plan

Eligibility Criteria

To be eligible for a Hume Bank personal loan, you need to meet the following criteria:

  • Minimum Age: You must be over 18 years of age.
  • Residency: You must be an Australian citizen or a permanent resident of Australia.
  • Income: You must have a regular income to be able to repay your loan.
  • Credit History: You need to have a good credit history, which includes a good repayment history on any previous loans or credit cards.

How to Apply for a Hume Bank Personal Loan?

Applying for a Hume Bank personal loan is a simple process. Here are the steps you need to follow:

  • Get a quote - Use Hume Bank's personal loan calculator to get a quote for your desired loan amount and loan term.
  • Prepare documents - Gather all the necessary documents required for your loan application. (See below for a list of documents required)
  • Apply online - Apply for a Hume Bank personal loan online by filling out the application form.
  • Approval - Hume Bank will review your application and notify you of the outcome. Once approved, you will receive your funds within a few business days.

Documents Required for Hume Bank Personal Loan

Here are the documents you need to prepare for your Hume Bank personal loan application:

  • Proof of Identity: One form of primary identification, such as a passport or driver's license.
  • Proof of Income: Provide evidence of your income, such as a recent payslip or bank statement.
  • Bank Statements: Provide copies of your bank statements for the last three months.
  • Personal Loan Statement (if applicable): If you have an existing personal loan, provide a copy of the recent loan statement.
  • Other Documents as requested: Hume Bank may request additional documents to verify your financial position and loan application.

Customer Service Hume Bank Personal Loan

Hume Bank is dedicated to giving its clients top-notch customer service. Customers can get help from the bank's team of committed and skilled employees with any questions they may have about their personal loans. Consumers can get in touch with Hume Bank by phone, email, or in person by stopping by one of their branches and speaking to a staff member there. Online banking is another service provided by Hume Bank, allowing customers to manage their loans and make payments online.

Frequently Asked Questions

What is the interest rate of a personal loan in Hume bank?

The interest rate of a personal loan in Hume Bank may vary depending on various factors, such as the loan amount, the loan term, and the borrower’s creditworthiness. It is advisable to check the latest rates on the bank’s website or contact their customer service.

What is the minimum and maximum loan amount for a Hume bank personal loan?

Hume Bank provides personal loans starting from $2,000 up to $70,000, with flexible repayment options and competitive interest rates. The maximum loan amount and eligibility criteria may depend on the applicant’s income, creditworthiness, and other factors.

What is the loan term for a Hume bank personal loan?

The loan term for a Hume Bank personal loan can range from 1 to 7 years, depending on the borrower’s preferences and ability to repay the loan.

How can I calculate my Hume Bank Personal Loan repayments using the loan calculator?

To calculate your Hume Bank personal loan repayments, you can use the loan calculator available on their website. You need to enter the loan amount, the loan term, and the interest rate to get an estimate of your repayments.

How does Hume bank customer service support customers with their personal loans?

Hume Bank provides customer service support to its customers with their personal loans through various channels, such as phone, email, live chat, and in-person visits. Customers can discuss their loan-related queries or issues with the bank’s customer service representatives and get prompt assistance.

What happens if I miss a payment on my Hume bank personal loan?

If you miss a payment on your Hume Bank personal loan, you may incur late payment fees and penalties, and your credit score may also be affected. It is advisable to contact the bank’s customer service as soon as possible and discuss your options.

Can I get a Hume bank personal loan if I have bad credit or no credit history?

Hume Bank may consider personal loan applications from individuals with bad credit or no credit history, but the approval and terms may depend on various factors such as income, employment, and other financial obligations. It is advisable to check the bank’s eligibility criteria and requirements before applying for a personal loan.


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