Our Fair Rate Personal Loan can help to fund a range of things including holidays, buying a car and debt consolidation. The rate is guided by your credit worthiness and borrowing history.
Category: Personal Loans Last Updated January 4, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE P&I product. Additional Information The rate on our Fair Rate Personal Loan is guided by your credit worthiness - so you may be rewarded with a better rate based on your borrowing history. The comparison rate is based on unsecured $30,000 loan over 5 years. It refers to the examples given and may not include all fees and charges. Different tiers, fees or other loan amounts might result in a different comparison rate.
Interest Rate 7.99% PA
Comparison Rate 8.20%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 Features
RedrawAdditional Information: Easy access to your cash with our redraw facility
Npp PayidAdditional Information: Get faster payments between participating banks, anytime with Pay ID
Npp Enabled
OtherAdditional Information: 1 to 7 years
OtherAdditional Information: Flexible repayment options weekly, fortnightly or monthly
OtherAdditional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
Product Eligibility
Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
Employment Status - Employed.
Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply
OtherAdditional Information: Applications for finance are subject to the Bank's normal credit approval
Bank Fees and Charges
Loan Establishment Fee - Personal Loan (new) (Upfront), Amount: 150.00. Additional Information: A fee charged to set up a new personal loan
Loan Establishment Fee - Personal Loan (top Up) (Upfront), Amount: 100.00. Additional Information: A fee charged to vary the value of an existing personal loan
Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount
Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice
