Interest rates

Fixed Rate Personal Loan

Rate type
Interest Rate
Fixed rate
Range: 8.50%1 p.a. to 20.50% p.a.
Representative rate: 16.00%2 p.a.
Comparison rate3
Range: 9.89% p.a. to 21.79% p.a.
Representative rate: 17.32% p.a.

Things you should know

1 Interest rates at the lower end of our range, for example 8.50% p.a. (comparison rate 9.89% 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 16.00% p.a. This interest rate is effective as of 1 May 2024.

Fees that may apply

Fee Type
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
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

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.

Not sure which personal loan is right for you?

Tools & calculators

  • Help me choose

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

    Use selector

  • Repayments calculator

    Understand what your repayments will be. Adjust the term and the amount to meet your budget.

    Calculate now

  • How much can I borrow?

    Estimate how much you can borrow and work out the repayments at the current interest rate.

    Calculate now