Arab Bank Personal Loans | Interest Rates & Fees - Best Find
Important disclosure

Arab Bank Personal Loans

Arab Bank Australia is subsidiary of Arab Bank PLC, a global bank with over 80 years of history. Arab Bank has 7 branches across Australia and is part of the RediATMs network.

There are 4 Arab Bank personal loan products, 2 Secured Personal Loans (Variable Rate and 5 Year Fixed Rates) and 2 Unsecured Personal Loans (Variable Rate and 5 Year Fixed). Arab Bank’s Secured Personal Loans comes with a lower interest rates and the option to repay weekly, fortnight and monthly. Arab Bank is also available for 457 visa holders.

Negatives include the $8 monthly fee, $200 application fee and the loans cannot be applied for online.

Arab Bank Personal loan approval time vary between 2 and 5 business days.

Compare Arab Bank Personal Loans

Fixed rates offer the security of always knowing how much your repayments will be in advance, which makes it easy to manage your finances.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Personal loan interest rates (base)11.30%

Personal loan comparison rate12.32%

Monthly repayments (approx)$335

Total repayments (approx)$12,083

Total interest repayments (approx)$2,083

Rate typeFixed

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

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Other Fees & Information

Monthly fee$8

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeTBA

Missed payment feeTBA

For debt consolidation?No

Sponsored No

Telephone1800 64 64 84

Data accurate as of22/12/2017

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You can use your personal loan for things like purchasing a new car, consolidating your debts, renovating your home, paying for university studies or to go on your dream holiday!

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Personal loan interest rates (base)12.80%

Personal loan comparison rate13.80%

Monthly repayments (approx)$342

Total repayments (approx)$12,346

Total interest repayments (approx)$2,346

Rate typeVariable

Secured or unsecuredSecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

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Other Fees & Information

Monthly fee$8

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeTBA

Missed payment feeTBA

For debt consolidation?No

Sponsored No

Telephone1800 64 64 84

Data accurate as of22/12/2017

GO TO Arab Bank

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Fixed rates offer the security of always knowing how much your repayments will be in advance, which makes it easy to manage your finances.

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Personal loan interest rates (base)14.00%

Personal loan comparison rate14.82%

Monthly repayments (approx)$348

Total repayments (approx)$12,560

Total interest repayments (approx)$2,560

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO Arab Bank

Other Fees & Information

Monthly fee$8

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeTBA

Missed payment feeTBA

For debt consolidation?Yes

Sponsored No

Telephone1800 64 64 84

Data accurate as of22/12/2017

GO TO Arab Bank

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You can use your personal loan for things like purchasing a new car, consolidating your debts, renovating your home, paying for university studies or to go on your dream holiday!

Overview

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term (years)1 Year

Maximum term (years)5 Years

Personal loan interest rates (base)15.50%

Personal loan comparison rate16.47%

Monthly repayments (approx)$356

Total repayments (approx)$12,829

Total interest repayments (approx)$2,829

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$200

GO TO Arab Bank

Other Fees & Information

Monthly fee$8

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments feeTBA

Missed payment feeTBA

For debt consolidation?Yes

Sponsored No

Telephone1800 64 64 84

Data accurate as of17/05/2018

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We provide a range of flexible personal loans designed to suit your needs.

Overview

Minimum loan amount$5,000

Maximum loan amount$40,000

Minimum term (years)2 years

Maximum term (years)7 Years

Personal loan interest rates (base)8.95%

Personal loan comparison rate10.56%

Monthly repayments (approx)$333

Total repayments (approx)$12,020

Total interest repayments (approx)$2,020

Rate typeFixed

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee4%, maximum $495

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Other Fees & Information

Monthly fee$13

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityNo

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored Yes

Telephone1300 275 669

Data accurate as of26/10/2018

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Did you know you can compare 100’s of personal loans? Browse, filter and save on our main personal loans comparison page.

Compare and review Arab Bank personal loans

Arab Bank loan purposes

You can borrow for almost any worthwhile purpose, and no, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purposes Arab Bank will lend for:

Arab Bank personal loan approval time

Arab Bank loans are underwritten between 2 and 5 working days.

Do you have an Arab Bank personal loans calculator?

Yes. View the Arab Bank Personal Loans calculator.

Arab Bank personal loan application

If you’d like to apply with Arab Bank, you should visit a branch. Before doing do, be sure to read the Product Disclosure Statement (PDS).

Eligibility criteria

Before you apply, be sure to understand and meet the Arab Bank’s lending criteria. Below is high-level overview of Arab Bank’s criteria:

Arab Bank personal loan requirements

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa (including 457 visas)

Information you’ll need to provide

When applying at an Arab Bank branch, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying with Arab Bank

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your Arab Bank personal loan

There are many additional factors Arab Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

Arab Bank personal loan application status

If you have already applied, you can check your application status by calling 1800 64 64 84, 9.00am to 5.00pm AEST, Monday to Friday.

Additional product information

Minimum and maximum loan amounts

You can borrow between $5,000 and $50,000.

Loan terms

Terms vary between 1 year and 5 years.

Arab Bank repayment schedule

Arab Bank allow weekly, fortnightly or monthly repayment.

Arab Bank personal loan redraw facility

Arab Bank’s does not have a redraw facility.

Other Arab Bank products

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