Want to be rewarded for your good credit history? The Alex.Bank Personal Loan does just that. Interest rates range from 12.74% p.a. for borrowers with an outstanding credit rating and financial position, to a maximum Annual Percentage Rate (APR) 22.74% p.a. (comparison rate* 12.74% p.a. to 22.74% p.a.). This loan comes with flexible repayment options and is unsecured so you won’t have to put up assets as collateral.
If you are looking to ditch your old banking ways and opt for one of Australia’s newest neolenders, the Alex.Bank Personal Loan might be the product for you.
This unsecured personal loan comes with a competitive fixed rates starting at 12.74% (12.74% comparison rate*). The catch is you will only receive this low rate if you have an excellent credit score and solid repayment history. If you’re on the other side of the fence and your credit isn’t great, you could receive a rate up to 22.74% (22.74% comparison rate*).
When it comes to making repayments on an Alex.Bank Personal Loan, there are plenty of options. You can choose a weekly, fortnightly or monthly regular repayment schedule, and make additional payments without penalty. Plus, if you end up paying down your entire loan early, you won’t be slapped with an early settlement fee either.
Just bear in mind, if you do make extra repayments on this loan, there is no redraw facility so you cannot access those funds later on if you need to.
The Alex.Bank Personal Loan could be a good option for a customer that loves all things digital. Not only is the online application only three minutes long, once you take out the loan you can manage it all from your smartphone.
While there are no ongoing or account keeping fees attached to this loan, you'll face a $20 late payment charge if you're late on a regular repayment.
The Alex.Bank Personal Loan is for individuals only. In order to qualify, you must be over 18, and be an Australian citizen or permanent resident.
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Fixed |
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12.74% p.a.to 22.74% p.a. fixed |
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12.74% p.a.to 22.74% p.a.based on $30,000 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$2,100.00 |
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$30,000.00 |
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1 Year |
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7 Years |
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Unsecured |
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Car, Debt consolidation, Education, Green car, Green home improvements, Home improvements, Medical, Travel, Weddings |
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Weekly, Fortnightly, Monthly |
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yes |
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no |
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none |
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none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.
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Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Holiday Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
New Car Loan - Special
8.39% p.a.
9.50% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Holiday Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
9.14% p.a.to 11.19% p.a.
9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Holiday Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
New Car Loan - Special
8.39% p.a.
9.50% p.a.
$8.00