Rating based on 1,100 reviews
About Hume Bank
Highly simplified and pleasing in its graphics and tone, Hume Bank’s online presence is a first class offering to consumers.
Backed by substantial holdings and with a history spanning many decades, its building society roots still shine through.
In this regard, its consolidation loan offers are no exception. A favoured port of call for Australians for a variety of banking products, applying for a consolidation loan online is pleasingly uncomplicated with Hume Bank.
Smart and simple
Although having the potential to present online as a detailed and ultimately overwhelming presence, the company has done itself proud with its online site as it is a scroll-down, eminently pleasant and breezy site.
Nothing but a click away
That said, all possible details on all possible products are but a click away. Any existing client can log in and navigate as a recognised customer. Any prospective new client can access all of the information needed to apply for a short-term loan to consolidate debt too.
Once a building society
One of the last to leave the title of “building society” behind, so committed to its roots was the entity, it asked for the blessing of its clients circa 2014 and became known as Hume Bank.
It is now perfectly poised to enter the 21st century as a stable and reputable player. Citizens would do well to peruse the various options on a consolidation loan on offer from this company.
What Hume Bank can offer you
Starting at $2,000 as a minimum loan, Hume Bank offers a really elementary and brisk online loan application process.
With repayment periods ranging from weekly through fortnightly to monthly, a debit deduction from a bank account is preferred. Payment terms range from 1 to 7 years,
No fees for paying up early
There are no penalties for early settlement of a personal loan and there is also flexibility on rescheduling in the Hume Bank offer.
There are substantial differences between the loan options and prospective borrowers would do well to peruse the comparative charts provided with care.
The best rate on offer - and there are only fixed rate options, no variable rate offers - start at 5.50% against 5.67% up to a term of 5 years.
Secure your loan
This would be a consolidation loan secured by an existing term deposit. Next comes car loan with a rate of 6.95% against 7.13% within a term of up to 5 years when a loan is secured with a vehicle not older than 5 years.
Longer term loans (from 7 - 10 years) carry a rate of 8.95% against 9.13% for loans secured by a vehicle not older than 5 years and 7.50% against 7.68% when secured by a term deposit.
Simple and concise
Wholly transparent, simple and concise in its terms, Hume bank will grant consolidation loans to any Australian over 18 with appropriate credit and income.
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In a Nutshell
- Average processing time 2 days
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
- Early repayment
Hume Bank stands out as a polished, transformed option
Smart and savvy in its presentation, Hume Bank is a potentially valuable and attractive option for many Australians.
Talk to a consultant or apply online
Unusually and most welcome, Hume Bank have a pre-application pop-up that allows consumers to choose between an online personal loan application, a call to a consultant, or simply clicking through to more detailed information.
The last option is typical of their stance, as it allows a potential client to look at things in detail in the comfort of their own home.
With regard to loan terms you can typically choose to repay the debt consolidation loan in anything from 12 months to 7 years depending on loan amount and repayment ability.
Clients are best advised to simply confirm the best term for their circumstances with a consultant prior to submitting an application.
One of the best options
Hume Bank presents as a simple and eminently understandable option when applying for a consolidation loan.
Although not alone in its successful rendering of services online, it certainly is one of the most polished and user-friendly.
Having bad credit and lots of debt can be very stressful and cause you many sleepless nights. Apply for one of our debt consolidation loans. One of our consultants will assess your current level of debt and present you with the possible solutions available to you.
Our service will offer a safe secure distribution of our money to your creditors or negotiate a settlement fee on your behalf. We can offer you legal protection from your creditors in the event that they want to seize your assets to reclaim the money that is owed to them.
Secured versus unsecured debt consolidation loans
If you have the ability to provide an item of collateral to secure your debt consolidation loan you will qualify for a much lower interest rate. The item of collateral can be a car that you own or your property. An unsecured debt consolidation loan is not secured with your assets instead the agreement is based on the promise that you will repay the loan. This loan poses a higher level of risk for the lender so to compensate they usually charge a slightly higher interest rate.
A credit card is a perfect example of an unsecured loan and credit card debt is one of Australia’s biggest financial issues. A debt consolidation loan will allow you to pay off your credit card debt and any other debt that you may have quickly and easily.
The main problem with an unsecured debt consolidation loan is that they are very difficult to obtain as you need a very high credit score in order to qualify.
Eligibility & Requirements
- Earning a stable income
- Credit check
- Recent pay slips
- Bank statements
- Proof of address
Other Products & Services
- Home Loans
- Car Loans
- Credit Cards
- Personal Loans
Customer Reviews & Testimonials
Juggling multiple debts and payment dates had me in a flat spin. I never knew which account to pay and which one would have to wait a month. I had lenders breathing down my neck and I was afraid to answer my cell phone. Applying for a debt consolidation loan with Hume Bank allowed me to minimize my overall debt and onl...
— Sydney —
Hume Bank is the best! I was able to save so much money and time by applying for a reconsolidation loan and repay all my credit card debt. Soon I will be debt free and able to start saving for my future.
— Perth —
I would like to commend Stacey from Hume Bank on the excellent customer service that I received, she was so helpful and answered all my questions and helped put my mind at ease. My credit score was very good so I was able to qualify for an unsecured debt consolidation loan and save thousands on interest.
— Maitland —
- (02) 6051 3326
- 02 6024 3462
- Cnr Victoria Cross Parade & Kelliher Avenue, Wodonga, Wodonga, VIC, 3690, Australia
- Monday 09:00 – 17:00
- Tuesday 09:00 – 17:00
- Wednesday 09:00 – 17:00
- Thursday 09:00 – 17:00
- Friday 09:00 – 17:00
- Saturday 09:30 – 12:30
- Sunday Closed –