Interest rates

Fixed Rate Personal Loan

Loan Term
Interest Rate
Comparison Rate1
1 year
From 11.90% p.a.*
From 15.04% p.a.*
2 year
From 11.90% p.a.*
From 15.04% p.a.*
3 year
From 11.70% p.a.*
From 14.85% p.a.*
4 year
From 11.70% p.a.*
From 12.58% p.a.*
5 year
From 10.99% p.a.*
From 11.88% p.a.*
6 year
From 10.99% p.a.*
From 11.88% p.a.*
7 year
From 11.90% p.a.*
From 12.78% p.a.*

Things you should know

* Apply and fund a new Unsecured Fixed Rate Personal Loan by 20 December 2019 to receive a 2% p.a. discount on your approved interest rate.

Fixed interest rate and comparison rate calculations are inclusive of the 2% discount – Offer Ends 20 December 2019.

Your interest rate will be based on a number of factors, including the information you provide and our assessment of your application. We will confirm your actual interest rate in your loan offer document. For information on our current range of interest rates, you can call us on 13 1431, 8.00am to 8.00pm, 7 days a week, or visit a branch.

1 Comparison rates calculated on loans as follows: for loan terms of 1 to 3 years, comparison based on an unsecured $10,000 loan over 3 years. For loan terms of 4 to 7 years, comparison based on an unsecured $30,000 loan over 5 years. 

Following the fixed rate period, if your loan hasn’t been repaid in full, the Standard Variable Rate will apply which is currently 13.90% p.a.

WARNING: these comparison rates apply 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.  

Fees & charges

Fees that will apply

Fee Type
Definition
Amount
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

Fee Type
Definition
Amount
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.

Ready to apply for a Fixed Rate Personal Loan?

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Tools & calculators

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Use our personal loan selector tool to choose between Variable, Fixed Rate or Secured.

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