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 21^st 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.

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 offer - 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.