Product Library

Secured Fixed Rate Personal Loan

Alex gets you a secured personal loan with personalised interest rates based on your credit history and doesn't penalise you for making additional repayments or paying your loan out earlier.

Category: Personal Loans Last Updated September 10, 2024 Effective June 22, 2026

General Lending Rates

Rates listed below are for a FIXED P&I product. Additional Information Alex Bank secured personal loans (car) are available for a minimum of 1 year to a maximum of 7 years. Interest rates for a term up to 5 years range from 11.74% p.a. for borrowers with an outstanding credit rating and financial position, to a maximum Annual Percentage Rate (APR) 21.74% p.a. (comparison rate* 12.17% p.a. to 22.22% p.a.). Where the loan term is higher than 5 years a higher rate applies.

Interest Rate
11.74% PA

Comparison Rate
12.17%PA*

Comparison Warning: The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. The comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and Charges apply and are listed below. Your Results: Results are indicative only and may not apply to your borrowing requirements. Results will vary after a consulation.

Product rates will vary depending upon your financial position, LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Variations

Product rates and conditions will vary based on the LVR and other conditions.

Product Features

Other Additional Information: No monthly or annual account keeping fees

Other Additional Information: You can make extra repayments or payout the loan in full early without any penalty

Other Additional Information: Pay weekly, fortnightly or monthly via direct debit

Product Eligibility

Natural Person - Individuals Must Have The Legal Capacity To Enter Into The Loan Contract. Not Available For Joint Borrowers Or Non-individual Borrowers..

Residency Status - Individuals Must Be An Australian Citizen Or Permanent Resident.

Min Age - 18.

Bank Fees and Charges

Establishment Fee (Upfront), Amount: 295.00.

Late Payment Fee (Event), Amount: 0.00.

Early Repayment Fee (Event), Amount: 0.00. Additional Information: Flexibility to make extra repayments or payout loan in full without penalty

Limitations & Restrictions (Constraints)

Min Limit of 10000.00

Max Limit of 100000.00

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