Fixed Rate Personal Loan rates and fees

Interest rates

Fixed Rate Personal Loan

Fixed rate

Range: 9.00% p.a. to 16.00% p.a. (Usually 11.50% p.a. to 18.50% p.a.^#)
Representative rate^{^}: 11.00% p.a. (Usually 13.50% p.a.^#)

Comparison rate

Range: 9.90% p.a. to 16.86% p.a. (Usually 12.38% p.a. to 19.34% p.a.^#)
Representative rate^{^}: 11.89% p.a.^*(Usually 14.37% p.a.^#)

Things you should know

^#Apply and fund a new Unsecured Fixed Rate Personal Loan by 4 July 2021 to receive a 2.50% p.a. discount on your interest rate (the approved interest rate is inclusive of the 2.50% discount).

^ At least half of our customers will receive the representative rate or lower. It may not be the actual rate you receive.

Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We'll confirm your interest rate in your loan offer document. For further information, call us on 13 1431, 8am to 8pm (Sydney/Melbourne time) or visit a branch.

* The comparison rate is based on a $30,000 unsecured loan over 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Following the fixed rate period, if your loan hasn’t been repaid in full, the Standard Variable Rate will apply which is currently 13.50% p.a. This interest rate is effective as of 6 March 2020.

Fees & charges

Fees that will apply

Establishment fee

Upfront cost payable when accepting a loan

$150

Loan service fee

Monthly charge to cover costs of keeping account active

$10 per month

Fees that may apply

Settlement cheque fee

Cheques provided to help you pay different recipients with your loan borrowings

Two free
$15 for every additional cheque

Late payment fee

May be payable on the fifth business day after the repayment due date if at the end of the previous business day your loan is in arrears

$20

Early repayment adjustment

An early repayment adjustment may be made for the loss the Bank expects to make due to the loan being repaid earlier than anticipated. The early repayment adjustment is levied to put the Bank back into the same financial position it would have been in had the loan not been prepaid.

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 brochure.

Other electronic banking fees

Please refer to our Electronic Banking General Information and Terms and Conditions

Things you should know

Please consider all upfront and ongoing fees and charges when applying for a new Personal Loan to ensure your loan is able to meet your needs. A copy of our Standard Fees and Charges for Personal Loans and Personal Overdrafts can be picked up from any of our branches, or by calling 13 1431, 8.00am to 8.00pm, 7 days a week.