A fixed rate personal loan is a great way to reach your goals. Plus, you’ll enjoy the certainty of always knowing how much your repayments will be.
Category: Personal Loans Last Updated December 10, 2023 Effective August 23, 2022
General Lending Rates
Rates listed below are for a FIXED P&I product. Additional Information Interest rate is available for customers with Equifax score between 500-674
Interest Rate 17.00% PA
Comparison Rate 20.27%PA*
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 usually vary based on the LVR and other conditions..
Equifax Score 500-674
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Penalty
Interest Rate: 2.99%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose:
Equifax Score 1000-1200
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Fixed
Interest Rate: 17.00%, Comparison Rate 7.74%
Repayment Type: Principal And Interest
Loan Purpose:
Equifax Score 1000-1200
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Discount
Interest Rate: 9.51%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose:
Equifax Score 800-999
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Fixed
Interest Rate: 17.00%, Comparison Rate 9.44%
Repayment Type: Principal And Interest
Loan Purpose:
Equifax Score 800-999
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Discount
Interest Rate: 7.81%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose:
Equifax Score 675-799
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Fixed
Interest Rate: 17.00%, Comparison Rate 13.45%
Repayment Type: Principal And Interest
Loan Purpose:
Equifax Score 675-799
Minimum: 12 MONTH Maximum: 84 MONTH
Lending Rate Type: Discount
Interest Rate: 3.81%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose:
Product Features
OtherAdditional Information: Flexible repayment options - choose to make either monthly, fortnightly or weekly repayments to suit your income and budget.
OtherAdditional Information: No penalties for early payout, pay off sooner without being charged a fee.
OtherAdditional Information: $0 Monthly or annual fees.
Digital BankingAdditional Information: Wherever you are in the world, Great Southern Bank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
RedrawAdditional Information: Enjoy access to your additional loan repayments with redraw, so you can use it whenever you need some breathing space. A $200 minimum withdrawal amount applies for redraws conducted in-branch.
Extra RepaymentsAdditional Information: Unlimited free extra repayments.
Product Eligibility
Min Age - 18. Additional Information: To be 18 or over
Natural PersonAdditional Information: Applications are for individuals and personal use purposes only.
Residency Status - Australian Resident.
OtherAdditional Information: Applications for Personal Loans are subject to credit approval.
Bank Fees and Charges
Telegraphic Transfer Fee Within Australia (Event), Amount: 20.00. Additional Information: Local telegraphic transfer to an account at a financial institution within Australia. Payable where you request a local telegraphic transfer to an account at a financial institution within Australia.
Account Information Fee (Event), Amount: 20.00. Additional Information: Account informaton fee is payable when customer request the following:
- An annual audit certificate on a Great Southern Bank account
- A copy of a cheque or Visa voucher
- Personal information, traces, document copies (other than those specified above) and/or information pertaining to an account
Where further investigation is required an additional hourly rate of $20 per hour will apply. An estimate of the costs involved will be provided prior to the work being undertaken.
Arrears Letter Fee (Event), Amount: 22.00. Additional Information: Payable where Great Southern Bank sends you a letter in relation to arrears on your account.
Default Notice Fee (Event), Amount: 33.00. Additional Information: Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account.
Debt Collection Fee (Variable), Amount: Not Listed.. Additional Information: Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. These costs are applied by the Solicitors or independent contractors engaged to undertake action to recover the funds and are debited to the account that is "out of order".
Establishment Fee (Upfront), Amount: 175.00. Additional Information: An establishment fee includes the cost of processing the application and the preparation of loan documentation.
Switch Variation Fee (Event), Amount: 120.00. Additional Information: Payable if you request, and we agree to switch your personal loan product to another personal loan product.
