Bank Australia personal loans

3.9
Based on 16 Bank Australia personal loan product reviews.
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Are you looking for an alternative lender to the big banks in Australia? Do you like the thought of borrowing from a customer owned provider? Then Bank Australia could be the financial institution for you.

Bank Australia, formerly known as Bankmecu is 100% owned by its members, which means rather than passing on profits to shareholders, the financial provider passes on profits to its customers by offering competitive personal loan deals. Want to find out more? Read on as we provide a full run through on the different personal loans available from Bank Australia.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more personal loans here.
Last updated 13 December 2024 Important disclosures and comparison rate warning*

Bank Australia personal loans

  • Lifestyle Personal Loan

    • Variable, Unsecured
    Interest rate from
    9.89 % p.a.
    Comparison rate from
    10.93 % p.a.
    Based on $10,000 over 3 years
    Upfront fee
    $150
    No Partner link

  • Lifestyle Personal Loan

    • Variable, for Property Owners, Secured
    Interest rate from
    7.89 % p.a.
    Comparison rate from
    8.92 % p.a.
    Based on $10,000 over 3 years
    Upfront fee
    $150
    No Partner link

  • New Car Loan

    • Fixed, Secured
    Interest rate from
    7.95 % p.a.
    Comparison rate from
    8.16 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $150
    No Partner link

  • Low Emission Vehicle Loan

    • Fixed, Secured
    Interest rate from
    6.95 % p.a.
    Comparison rate from
    6.95 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $0
    No Partner link

  • Used Car Loan

    • Fixed, Secured
    Interest rate from
    8.95 % p.a.
    Comparison rate from
    9.16 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $150
    No Partner link

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Bank Australia personal loan ratings

Overall customer rating for Bank Australia personal loans

3.9
Based on 16 product reviews.

Customer reviews

Important disclosures
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Bank Australia products

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* 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.

^See information about the Mozo Experts Choice Personal Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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