Things you should know
1 Interest rates at the lower end of our range, for example 8.49% p.a. (comparison rate 9.88% p.a.3), may be offered to customers with an excellent credit history.
An excellent credit history is determined by, among other things, paying your bills and making loan repayments on or ahead of time, being disciplined with your credit applications, and not overextending yourself financially.
Actions which can negatively impact your credit history include missing bill or loan repayments, defaulting on your credit facility, or making a large number of credit applications in a short period of time. You can find out more about how your credit score is calculated and tips for improving your credit score at our Credit Score Information Hub.
2 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 may be different and is based on a number of factors, including your credit history, the information you provide and our assessment of your application. We'll confirm your interest rate upon submission of your application.
3 The comparison rate is based on a $30,000 unsecured fixed rate 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 15.50% p.a. This interest rate is effective as of 15 September 2023.