Covers your repayments

Can pay your minimum monthly personal loan repayments every month (for up to 12 months) until you return to work if you're unable to work due to an injury or illness or because you lose your job involuntarily.

Pays off your balance

Pays off your remaining personal loan balance up to $50,000 if you're diagnosed with a medical trauma or if you pass away.

Trauma cover conditions are:

  • Cancer
  • Coronary artery disease requiring bypass surgery
  • Heart attack
  • Stroke

Trauma conditions have specific meanings and a benefit is only payable if you meet the precise meaning of the definition set out in the Personal Loan Protection Product Disclosure Statement and the Loan Protection Medical Definitions Reference Guide.

How it works

New customers

New applications for Personal Loan Protection are no longer accepted from 7 June 2018.

Existing customers

Existing Personal Loan Protection customers will continue to be covered for claimable events for the life of the policy.

If you have any questions or want to make a claim, please call 13 3982 between 8am and 5pm, Sydney time, Monday to Friday.

How much does it cost?

$25 per month for all eligible customers.

Your premium includes stamp duty and you don't have to pay GST on it. 

loan protection

How to make a claim

Can you claim?

  • You're working more than 15 hours a week on average and your employment is non-seasonal
  • You lose your job involuntarily. You will not be able to claim if you quit your job, retire or accept voluntary redundancy
  • Your claim is caused by an injury or illness of which you have symptoms after your policy starts (i.e. you first received medical advice, treatment or consultation for the injury or illness after your policy started)

A trauma benefit will only be payable if you meet the precise meaning of our medical definitions.

Trauma cover conditions are:

  • Cancer
  • Coronary artery disease requiring bypass surgery
  • Heart attack
  • Stroke

Trauma conditions have specific meanings and a benefit is only payable if you meet the precise meaning of the definition set out in the Personal Loan Protection Product Disclosure Statement and the Loan Protection Medical Definitions Reference Guide.

How to claim

  • Call 13 3982 between 8am and 5pm, Sydney time, Monday to Friday
  • Our claims team may send you a claim form and a letter outlining the supporting evidence required for us to assess your claim

Tell me more

Looking for Home Loan Protection?