Thumbnail icon for Alex

Alex Personal Loan

Interest rate from
6.95% p.a.to 19.99% p.a.
Comparison rate from*
7.37% p.a.to 20.46% p.a.based on $30,000
over 5 years
Upfront fee
$295

Mozo editorial review Alex Personal Loan

Last updated: 24 June 2020.

binocular icon
What's hot
  • Fixed rates from 6.95% (7.38% comparison rate*)
  • Free extra payments
  • No ongoing fees
What's not
  • $295 establishment fee
Mozo snapshot

Want to be rewarded for your good credit history? The Alex Personal Loan does just that. It’s competitive rates start at 6.95% (7.38% comparison rate*) and it also comes with flexible repayment options. Plus, the loan is unsecured so you won’t have to put up assets as collateral.

key icon
Key features

If you are looking to ditch your old banking ways and opt for one of Australia’s newest neolenders, the Alex Personal Loan might be the product for you. 

This unsecured personal loan comes with a competitive fixed rates starting at a low 6.95% (7.38% 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 received a rate up to 19.99% (20.46% comparison rate*). 

When it comes to making repayments on an Alex 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.

snapshot
Who is it good for

The Alex 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.

snapshot
Any catches

While there are no ongoing or account keeping fees attached to this loan, there are a couple of other costs to be aware of. You’ll need to cough up a $295 application fee upfront, and if you are late on a regular repayment you’ll face a $20 late payment charge. 

The Alex Personal Loan is for individuals only. In order to qualify, you must be over 18, and be an Australian citizen or permanent resident.

Details

Rates and fees information correct as at 6 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 6.95% p.a.to 19.99% p.a. fixed

  • 7.37% p.a.to 20.46% p.a.based on $30,000
    over 5 years

Fees
  • $295.00

  • $0.00

  • $20.00

  • n/a

  • n/a

Other financial bits
  • $2,100.00

  • $30,000.00

  • 1 Year

  • 5 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

*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. 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.

Customer Reviews

This product is not currently reviewed.

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Promoted

Heritage Bank

Heritage Bank

Standard Personal Loan (Unsecured)

8.99% p.a.

9.62% p.a.based on $30,000
over 5 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Promoted

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

Promoted

Heritage Bank

Heritage Bank

Car Loan

5.99% p.a.

6.63% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

Promoted

RateSetter

RateSetter

Unsecured Personal Loan

7.49% p.a.to 8.89% p.a.

9.50% p.a.to 10.91% p.a.based on $10,000
over 3 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00

Promoted

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

Promoted

Heritage Bank

Heritage Bank

Car Loan

5.99% p.a.

6.63% p.a.

$5.00

Promoted

RateSetter

RateSetter

Unsecured Personal Loan (Debt Consolidation)

6.79% p.a.

8.83% p.a.

$0.00