Rates & Fees

Interest rate

The Fixed Rate Secured Loan interest rate is 11.74% p.a.¹.

Comparison rate
The Fixed Rate Secured Loan comparison rate is 12.77% p.a., based on $30,000 borrowed over five years. View the comparison schedule for more comparison rates.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other amounts might result in a different comparison rate.

Fees

Establishment fee
If you accept our loan offer, there's an establishment fee payable of $250.

Settlement Cheque Fee

• To make it easy for you to pay several different recipients with your loan borrowings, we provide two cheques free of charge. After that, a fee of $5.40 applies for each additional cheque we issue on your behalf
• If any of the cheques we issue for you need to be cancelled, a fee of $10 applies for each one

Loan service fee
The fee is charged monthly on your repayment due date.  Where the loan contract is entered into on or after 1st August 2007, the fee will be $10 and will be charged monthly on the repayment due date.

Late payment fee

You will be charged a late fee of $25 when, 5 business days after a repayment due date, you are more than one Loan repayment/payment in arrears and monthly thereafter until you:

            (a) are not in arrears in your repayments/payments; or

            (b)enter into and adhere to an arrangement with us for repayment of those arrears.

Early repayment adjustment

An Early Repayment Adjustment is payable on full or partial prepayment during a fixed interest rate period and on full prepayment during a guaranteed interest rate period.

Full details on how we calculate the Early Repayment Adjustment can be found in our Standard Fees and Charges for Secured, Fixed and Variable Rate Personal Loans, Campus Loans and Overdrafts brochure².

Administrative fee
The administrative fee for your Fixed Rate Secured personal loan is $50.  This fee is payable on full or partial prepayments during a fixed interest rate period and on full prepayment during a guaranteed interest rate period.

Deferred establishment fee
A deferred establishment fee may apply if the loan is repaid within one year from the funding date (excludes loans with a term of one year) for loans applied for before 8 February 2007. For loans applied for on and from 8 February 2007, a deferred establishment fee may apply if the loan is repaid within two years from the funding date (excludes loans with a one or two year term).

Other electronic banking fees
Please refer to our Electronic Banking Product Disclosure Statement (PDS). A current version of the PDS can be downloaded, or obtained by calling us on 13 14 31 or calling into a branch.

Government charges
State Governments may apply various stamp duty and/or registration fees when a loan secured by a mortgage or other security is either established or discharged. To ascertain how much you will be charged, please contact the relevant State Government department.

Important information

• 1. Interest rate effective as at 12/2/2010
• 2. A copy of our Standard Fees and Charges for Secured, Fixed and Variable Rate Personal Loans, Campus Loans and Overdrafts brochure can be picked up from any of our branches, or by calling 13 14 31, 8.00am to 8.00pm, 7 days a week.