Alex personal loans

Looking to leap into the world of neobanks with a personal loan? Allow us to introduce you to Alex. 

Hitting the lending scene in 2020, Alex currently has just one product on offer (the Alex Personal Loan), but that hasn’t stopped them from making waves as one of Australia’s hottest new neolenders.

Alex rewards borrowers who have a good credit score with better rates - so, if that’s you, not only will you have access to a bunch of fab features (see below), but you could potentially score a super competitive interest rate too!

The Alex personal loan stood out so much that it was awarded Best New Loan Product as part of the 2021 Mozo Experts Choice Awards

Alex offers the following personal loans

Rates and fees verified as correct at 21 June, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Personal Loan (Unsecured, Fixed)

5.45% p.a.to 19.99% p.a.

5.45% p.a.to 19.99% p.a.based on $30,000
over 5 years

$0

What personal loan products does Alex have to offer?

Alex keeps things simple with its small but mighty product, the Alex Personal Loan. The unsecured Alex Personal Loan offers competitive fixed rates starting from 5.45% p.a. (5.45% p.a. comparison rate*) on amounts between $2,100 and $30,000 with 1 to 5-year loan term options.

Alex personal loan features at a glance:

How much does it cost to apply for a personal loan with Alex?

This will ultimately depend on the amount of money you borrow and the repayment terms you select. However, keep in mind that Alex does charge a $295 establishment fee (waived on applications fully submitted before 30 June 2021). So, other than the $295 establishment fee and your interest repayments, you’ll be happy to know that the Alex loan comes with no ongoing fees or other hidden costs.

What do I need to apply for a personal loan with Alex?

To be eligible to apply for a personal loan with Alex you must be the following:

You’ll also need:

How do you apply for a personal loan with Alex?

1. Submit an application online:

So, keen to give Alex a go? To take out a personal loan with Alex, all you need to do is jump online and fill out a quick online application via their website.

2. Hear back from Alex in 1 business day:

Once you’ve submitted your application, Alex should get back to you with the outcome within a day or so. Depending on the time of day you submit your application, you could get lucky and hear back within the same day.

3. Receive the funds in a flash:

Once approved, Alex will transfer the money straight into your account as soon as they receive your signed loan agreement. Depending on who you bank with the funds could land in your account either within a couple of hours, the same business day or even in up to three business days.

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