Bank Australia Personal Loans | Interest Rates & Fees - BestFind
Important disclosure

Bank Australia Personal Loans

Bank Australia is the amalgamation of over 70 credit unions and caters to over 140,000 Australians. Bank Australia has over 20 branches Australia-wide and is part of 3,000+ RediATM network.

Bank Australia has three personal loan products, three low-rate Property Owner Personal Loan, Lifestyle Personal Loan and Car Loan. Bank Australia also has an overdraft facility. The key features of Bank Australia’s Property Owner Lifestyle Personal Loan include a redraw facility, option to make fee-free additional repayments and option of 10 year terms.

The negatives of the Bank Australia personal loans is the $150 application fee.

Bank Australia Personal loan approval time vary 1 and 2 business days.

Compare Bank Australia Personal Loans

Low rate personal loans for almost any purpose

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Personal loan interest rates (base)7.89%

Personal loan comparison rate8.92%

Monthly repayments (approx)$317

Total repayments (approx)$11,431

Total interest repayments (approx)$1,431

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

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Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone132 888

Data accurate as of20/10/2017

GO TO Bank Australia

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Low rate personal loans for almost any purpose

Overview

Minimum loan amount$1,000

Maximum loan amount$100,000

Minimum term (years)1 Year

Maximum term (years)10 Years

Personal loan interest rates (base)11.89%

Personal loan comparison rate12.94%

Monthly repayments (approx)$336

Total repayments (approx)$12,117

Total interest repayments (approx)$2,117

Rate typeVariable

Secured or unsecuredUnsecured

Encumberance/REVVS check fee$0

Application / establishment fee$150

GO TO Bank Australia

Other Fees & Information

Monthly fee$0

Quarterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$0

For debt consolidation?Yes

Sponsored No

Telephone132 888

Data accurate as of20/10/2017

GO TO Bank Australia

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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 Bank Australia personal loan rates

Bank Australia personal 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 Bank Australia will lend for:

Bank Australia personal loan approval time

If you’re an existing Bank Australia customers and apply before noon Monday to Friday, you may have applications approved and funded on the same day. For more complex applications approval times vary between 48 hours and 5 working days.

Do you have an Bank Australia personal loans calculator?

Yes. View the Bank Australia Personal Loans calculator.

Bank Australia personal loan application

If you’d like to apply online for an Bank Australia personal loan, visit Bank Australia’s website by clicking here.

Bank Australia’s personal loan eligibility criteria

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

Bank Australia personal loan requirements

  • Minimum age of 18
  • Earn a regular income or be asset backed
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the Bank Australia branch or online, 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 such as medicare card or passport

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 Bank Australia

  • 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 Bank Australia personal loan

There are many additional factors Bank Australia 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!

Bank Australia personal loan application status

If you have already applied for an Bank Australia personal loan, you can check your application status by calling 132 888, 8.00am to 8.00pm AEST, Monday to Friday.

Additional product information

Bank Australia minimum and maximum personal loan amounts

You can borrow between $1,000 and $100,000.

Bank Australia personal loan terms

Terms vary between 1 year and 10 years.

Bank Australia repayment schedule

Bank Australia allow weekly, fortnightly or monthly repayment.

Bank Australia personal loan redraw facility

Bank Australia’s Lifestyle Property Owner Personal Loan gives you the option to make redraw additional payments you may have made.

Learn about the history of Bank Australia

Other Bank Australia products

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