Rating based on 1,324 reviews
About Auswide Bank
Auswide Bank (formerly known as Wide Bay Australia), has been helping Australians achieve greatness for over 50 years. These fifty years have brought with them a great deal of accomplishment in the financial sector for this local bank.
A top lender
They remain unbeaten till this very day when it comes to home loans, debt consolidation and all other financial products and services typically offered by banks.
A welcomed lender
Australians have welcomed Auswide Bank into the comfort of their homes by allowing the small yet effective financial services provider to help with an extensive range of personal and business lending and banking services.
A rich history
The founder of the Burnett Permanent Building Society Ron Hancock, has stated that the main goal in establishing a smaller bank like Auswide was to offer Australians a competitive alternative to large banks.
Mergers were big in the 80’s seeing Wide Bay Capricorn merge with Gympre in 1981. In 1983, another merger occurred with the Gladstone based Port Curtis Building Society.
The year 2015 came with great financial transformation when Auswide Bank was launched on April the 1st.
Auswide Bank continues to foster the aims of its predecessors by ensuring every Australian that banks with Auswide Bank receive every possible aspect of financial freedom.
What Auswide Bank can offer you
Debt consolidation is the way to go if you have many unsecured debts and are struggling to manage repayments. With debt consolidation, you have the pleasure of knowing all your debts will be combined into one easy to manage payment.
Although the payment maybe one combined amount, it could be slightly greater than your previous loans because debt consolidation combines all your loans and makes the repayment one solid amount.
Longer repayment periods
Due to the fact that your debts will all be combined, you could take longer than the previous small loans combined to pay off the bigger personal loan.
This is due to the greater amount given to consolidate all your debts. On the contrary, your loan situation could worsen if you don’t pay your loan consistently and within the required time.
Using the Freedom Package allows for maximum savings on a range of credit products. If you are interested in finding out more about the Freedom Package, call Auswide Bank and a helpful consultant will be ready to assist you.
Need assistance or advice?
A strong support system is one of the strengths Auswide Bank’s personnel excel at. Clients can always contact the bank for free advice on all financial matters they have related to their fast loans or anything else.
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In a Nutshell
- Average processing time 3 days
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
- Early repayment
Switching has never been this easy
Not happy and want to switch banks or accounts? Here are some reasons why clients might be interested in switching:
- The current service provider is not listening attentively to your financial needs
- Circumstances may have changed financially on your side
- Planning to move or upgrade your home
- You're looking for better rates overall
- You want to consolidate debt at a low-interest rate
At Auswide Bank, they know that clients may sometimes want a change of scenery when it comes to their money. Auswide Bank has made the switching method easy as baking pie. You can also apply in the comfort of your own home by completing an online loan application.
Switching regular payments deducted from another bank account
If you want Auswide Bank to make a switch for you, the Switch of Regular Payment Arrangements and Notice of Variation of Account Details for Recurring Payment forms needs to be completed. This process is done to authorise the actual switching from the banks.
Switching regular payments
Alternatively, you can switch to an Auswide Bank account by completing the Updated Account Details Notification form. After this form has been completed, the client can then contact the companies that deposit money into that specific account to update their relevant details.
A good reason to consolidate
If you consolidate your loans, they become easier to manage and faster to pay off. This pose as a positive trait for the consumer because they no longer have to worry about all the interests acquired on smaller but rather one interest on the big loans.
Stop debt in its tracks
Alternatives to debt consolidation consist of getting financial advising, communicating with your creditors to arrange alternative repayment, refinancing your home, debt management and debt counselling.
When you have a bad credit score and you are struggling to make ends meet, it can be very difficult to obtain a loan or find any solution to your ever-mounting debt. As with any type of loan the better that your credit score is the more you will end up saving.
Debt consolidation loan terms usually range between 24 and 60 months, the longer the repayment period the lower your monthly payments will be, but the more interest you will pay in the long run. If you have a bad credit score there are still debt consolidation loans available for those that have a bad credit score.
Alternative methods to consolidate your debt
If your credit score is too low to qualify there are other methods of consolidation your debt available that you could consider.
- Peer-to-peer lending is a very popular option as you can borrow money from individual investors. These investors will look at your individual profile and needs and then decide if they would like to help you out with a loan. If your loan application is successful you will only need to make one small payment each month.
- Transfer all of your credit card debt onto one credit card. This will make it easier to pay off the debt quicker without paying additional interest per credit card, or needing to decide which credit card you will pay this month. Your overall debt is based on the available balance on the credit card, not on how much you owe. So having multiple credit cards can show that you have more debt than you actually do.
- If you own your own home then you can tap into your home equity or apply for a second mortgage.
Eligibility & Requirements
- Stable address history
- Employed full-time
- Credit check
- Good credit history
Other Products & Services
- Car Loans
- Personal Loans
- Home Loans
- Credit Cards
Customer Reviews & Testimonials
The interest rate that you charge on your loans is very low compared to other offers and I was very impressed at how easy it was to apply. I took advantage of your freedom package and was very happy with the service I received.
— Perth —
I had so many bills to pay and I really wasn’t earning enough to cover them all. I could barley keep my head above water and seemed to pay only the interest on each account per month without actually coming anywhere close to settling my debt. I decided to apply for a debt consolidation loan. I was amazed at how money I...
— Australia —
I was not happy with my previous bank but didn’t want to go through all the effort of switching over. I saw the advert for your easy switching option and decided to apply. I couldn’t believe how easy you made the entire process and was astounded by your amazing attention to detail and knowledgeable consultants.
— Australia —
Here’s a short video about Auswide Bank
- 1300 138 831
- Monday 08:45 – 16:45
- Tuesday 08:45 – 16:45
- Wednesday 09:30 – 16:45
- Thursday 08:45 – 16:45
- Friday 08:45 – 16:45
- Saturday Closed –
- Sunday Closed –