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This really depends on the why you're applying for credit. A credit card is a great way to make everyday purchases (interest-free, if you clear your balance every month) and manage your cash flow. But it may not be the best option if you’re making a larger purchase that will take longer to pay off, as the interest rate on a credit card is usually higher than an interest rate on a personal loan. 

So, if you’re buying a car, boat or caravan, or if you’re looking to pay off, refinance or consolidate existing debts, a personal loan is a better choice. 

If you’re unsure which option is right for you, speak with one of our lending specialists on 13 25 77 or visit your nearest branch.