People First Bank (loans): verified facts and rating
Checked 2026-10-30
Score breakdown
77% backed by facts · How we rank
People First Bank (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference81%158%102% · median 100%
Maximum amount, % of country reference95%133%95% · median 100%
Longest term84 mo120 mo84 mo · median 84 mo
People First Bank (loans) strengths and weaknesses
Pros
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
- Terms state that early repayment is free
Cons
- An arrangement fee can apply
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | Not verified | — | |
| Licensed by the regulator | Yes Heritage and People's Choice Limited (trading as Heritage Bank, People's Choice Credit Union and People First Bank) | apra.gov.au | 2026-10-30 |
| Published rate, % of country reference | 102% Unsecured Personal Loan fixed 8.99% p.a. (comparison rate 10.73% p.a.); example: $10,000 borrowed for 3 years (not $30,000 over 5 years) · APR 10.73% · index 100 = 10.53% (median at launch) | peoplefirstbank.com.au | 2026-10-30 |
| Free early repayment | Yes No fees for additional repayments or early payout | peoplefirstbank.com.au | 2026-10-30 |
| No arrangement fee | No Personal Loan Application Fee $250.00 per loan | peoplefirstbank.com.au | 2026-10-30 |
| Fees or terms published | Yes Fees and Charges document (PDF), section Personal Loans | peoplefirstbank.com.au | 2026-10-30 |
| Complaints procedure | Yes Complaints and compliments: we welcome your complaints and compliments | peoplefirstbank.com.au | 2026-10-30 |
| Online application for new customers | Yes Apply online, by calling 13 11 82 or by visiting your nearest branch | peoplefirstbank.com.au | 2026-10-30 |
| Support hours a week | Not verified | — | |
| Maximum amount, % of country reference | 95% Loan size $2,000-$50,000 · max 50000 AUD · index 100 = 52500 AUD (median at launch) | peoplefirstbank.com.au | 2026-10-30 |
| Longest term | 84 mo Minimum loan term is 12 months and maximum loan term is 7 years. | peoplefirstbank.com.au | 2026-10-30 |