Bank First personal loans

Bank First
Bank First's overall rating for personal loans

(as rated by the Mozo community)

9.3 / 10

based on 6 reviews

When it comes to personal loan choices, Bank First has just about every borrowing situation covered. From discounted green loans, student loans, new car or used car loans, you’ll have plenty of choice when finding a personal loan for your needs.  

Below is a summary of all the loans available by Bank First. To review the loan in detail click on the product name link in the table below or if you’d like to compare the loans available through Bank First with other providers, head over to our personal loans hub.

Bank First offers the following personal loans

Rates and fees verified as correct at 14 November, 2018. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee  

5.29% p.a.

5.50% p.a.based on $30,000
over 5 years

$150

Go to site

5.79% p.a.

6.00% p.a.based on $30,000
over 5 years

$150

6.79% p.a.

7.81% p.a.based on $10,000
over 3 years

$150

8.29% p.a.

8.50% p.a.based on $30,000
over 5 years

$150

8.29% p.a.

8.50% p.a.based on $30,000
over 5 years

$150

9.35% p.a.

10.39% p.a.based on $10,000
over 3 years

$150

9.35% p.a.

10.39% p.a.based on $10,000
over 3 years

$150

8.79% p.a.

9.00% p.a.based on $30,000
over 5 years

$150

8.79% p.a.

9.00% p.a.based on $30,000
over 5 years

$150

13.19% p.a.

n/a

$0

11.74% p.a.

12.79% p.a.based on $10,000
over 3 years

$150

11.74% p.a.

12.79% p.a.based on $10,000
over 3 years

$150

10.25% p.a.

11.29% p.a.based on $10,000
over 3 years

$150

10.25% p.a.

11.29% p.a.based on $10,000
over 3 years

$150

9.79% p.a.

10.83% p.a.based on $10,000
over 3 years

$150

9.79% p.a.

10.83% p.a.based on $10,000
over 3 years

$150

*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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

Key information about Bank First Personal Loans

Eligibility: 

The good news is that you don’t have to be a teacher or even part of the education industry to bank with Bank First, but in order to be eligible for a loan you’ll need to be over the age of 18 years and an Australian citizen.  

If you’re applying for a student loan, you’ll need to prove that you are a full-time student in a University, TAFE, CAE, apprenticeship, traineeship or other registered course and have successfully completed at least one year of study. You will also need security for the loan, either via a guarantor or car.

Loan Features:

Fees: 

You’ll be up for a loan establishment fee but Bank First loans do not have a monthly service fee. There is a late payment fee of $20 so it is a good idea to organise a direct debit on the payment due date to avoid this.

How to apply:

The simplest way to apply for a Bank First personal loan is online. You can also call the customer service hotline or visit one of the service centres if you’d like to discuss options regarding your specific financial circumstances prior to applying for the loan.

More helpful personal loan quick links