A great unsecured personal loan rate, along with the service and support that gives Regional Australia Bank the personal touch!
Category: Personal Loans Last Updated November 16, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE P&I product. Additional Information Interest is per annum (p.a.). The Comparison rate is calculated on an unsecured loan amount of $10,000 over a term of 3 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Interest Rate 10.24% PA
Comparison Rate 11.60%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
Digital BankingAdditional Information: Bank 24/7 wherever you are and whenever you want with RAB mobile and internet banking.
Digital BankingAdditional Information: Fast approval times including digital upload of your Big 4 Bank account information saving you from the need to supply paper statements.
OtherAdditional Information: No Monthly Service Fee
OtherAdditional Information: Ability to make extra payments or repay the loan in full early at no cost.
OtherAdditional Information: Flexible repayment options give you the ability to make repayments Weekly, Fortnightly, or Monthly.
RedrawAdditional Information: Redraw is available at no cost enabling you to save for future expense by paying extra to your loan. A minimum redraw amount of $200 applies.
Product Eligibility
Residency Status - Australian Resident. Additional Information: Individuals must be citizens or permanent residents of Australia.
Employment Status - Ongoing Employment. Additional Information: Borrowers must demonstrate at least 6 months continuing employment history at the time of application.
Min Age - 16. Additional Information: Borrowers must be aged 16 or older to apply. Applicants under 18 years of age, but over 16 years, may only enter into a loan contract with an adult as co-applicant or guarantor.
OtherAdditional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
OtherAdditional Information: Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply.
Bank Fees and Charges
Approval Fee (Upfront), Amount: 195.00. Additional Information: Applied on approval of your Personal or Car loan, prior to the initial drawdown.
Ppsr Registration & Discharge Fee (Event), Amount: 26.00. Additional Information: Applies when a security interest is registered or discharged against an asset you provide as security for the loan.
Late Payment Notice Fee (Event), Amount: 20.00. Additional Information: Applies when you fail to make your contracted repayments by the repayment due date.
Default Notice Fee (Event), Amount: 30.00. Additional Information: Applies when you fail to make your contracted repayments and we are required to issue a default notice to you.
Limitations & Restrictions (Constraints)
Min Limit of 8000.00 Additional Information: A minimum loan amount of $8,000 applies to this product.
