8.2 / 10

based on 693 reviews as rated by Mozo community

Beyond Bank personal loans

Mutual financial provider Beyond Bank is owned by its members rather than shareholders, giving products a competitive edge when it comes to rates and features. Whether you need a personal loan for a home reno or new car, this page can help you scout out the right Beyond Bank option.

Beyond Bank offers the following personal loans

Rates and fees verified as correct at 22 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

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

12.99% p.a.

13.25% p.a.based on $30,000
over 5 years

$175

Flexi Personal Loan (Variable, Unsecured)

12.99% p.a.

13.25% p.a.based on $30,000
over 5 years

$175

Low Rate Car Loan Special Offer (Fixed, Secured)

4.89% p.a.

5.16% p.a.based on $30,000
over 5 years

$175

Low Rate Car or Personal Loan (Fixed, Secured)

6.99% p.a.

7.62% p.a.based on $30,000
over 5 years

$175

No Fee Car or Personal Loan (Fixed, Secured)

7.99% p.a.

7.99% p.a.based on $30,000
over 5 years

$0

*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.

What personal loans do Beyond Bank offer? 

Unsecured personal loans:

Labelled the “Flexi” Personal Loan, this Beyond Bank product can have a fixed or variable interest rate. If you want to remove the possibility of being surprised by an interest rate change during the loan term, a fixed flexi loan could be for you. Alternatively, you may prefer having the option to use a redraw facility for dipping into extra loan repayments and choose a variable rate loan. Loan amounts begin at $5k, and they don’t require collateral as security, which makes it easy on you if you have no assets! You can make extra repayments at no extra cost, and there isn’t an early repayment penalty for bringing the balance down to zero before the loan term ends. Apart from an initial fee when you take out the loan, Beyond Bank Flexi Personal Loans have no account-keeping fees.  

Low rate car loan or personal loan:

If you’re looking for a competitively low rate loan and have (or plan on buying) security to tie against it, this Beyond Bank loan could be your one. The rate is fixed, meaning that low figure will stay as-is for the duration of the loan term. Beyond Bank will reward you with an even lower rate if you’re using it to finance an environmentally-friendly product or vehicle. You'll need to borrow at least $25k up to $125k, and repay the loan on a term of up to 7 years. Pre-approval is available to help you gage your future purchase. While you’re free to make extra repayments, you cannot dip into them via a redraw facility. With one of these low rate loans, Beyond Bank won’t penalise you in fees for paying off your debt before the total is due. Just keep in mind you will be charged a fee to sign up.

No fee car or personal loan:

Just like the name suggests, Beyond Bank’s no fee car or personal loan is free to sign up for, there are zero monthly fees and no early loan repayment penalty. The minimum amount you can borrow with this loan is $10k. The No Fee Personal Loan has a higher fixed interest rate than the Low Rate Personal Loan described above. Apart from the differences between rates, fees and the minimum loan amount, this Beyond Bank loan has all the same features as the version mentioned above like a redraw facility and lower rate if the loan is helping you to make a green product purchase.

Beyond Bank personal loan features at a glance

Repayment flexibility: 

Beyond Bank loans let you choose between weekly, fortnightly or monthly repayments.

Extra repayments: 

With all the personal loans mentioned on this page, you can make extra repayments without an additional cost.

No early repayment penalties: 

If you decide to repay your Beyond Bank personal loan before the loan term ends, there is no penalty fee to discourage you.

Optional loan insurance: 

Beyond Bank offers personal loan customers optional loan insurance to cover unforeseen circumstances affecting loan repayments. Refer to the bank’s website for more details.

Discount for planet friendly purchases: 

You’ll be eligible for a discount rate if you use your Beyond Bank low rate or no fee personal loan to buy an environmentally friendly product.

Beyond Bank will reward you with an even lower rate if you’re using it to finance an environmentally-friendly product or vehicle.

Beyond  Bank customer reviews:

Get the lowdown on what Beyond Bank customers have to say about their personal loan experiences on topics such as customer service and product features here.

How do you apply for a Beyond Bank personal loan?

Want to apply for a personal loan with Beyond Bank? All you need to do is fill out an online form or apply in person at a local branch. Beyond bank will let you know if the loan has been approved as soon as possible.

To apply for a personal loan with Beyond Bank you will need:

  • To prove your identity with your driver’s licence number
  • To be an Australian citizen or resident
  • To disclose your assets and liabilities
  • To provide evidence of your employment and supple your employer’s contact details

How are Beyond Bank personal loans rated?

Icon of personal-loans
Beyond Bank personal loans
Overall
8.2/10
Price
Features
Customer service
Convenience
Trust
38 reviews

Recent Beyond Bank personal loan reviews

Beyond Bank Low Rate Car or Personal Loan review
Overall 10/10
Good for life long members.

Very competitive rates.

Read full review

Very competitive rates.

Price
10/10
Features
5/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Loraine, South Australia reviewed 11 months ago
Beyond Bank Flexi Personal Loan (Unsecured) review
Overall 4/10
Don't rate Beyond Bank very highly

Find the rates high, don't stand by the customer very well when times are hard!

Read full review

Find the rates high, don't stand by the customer very well when times are hard!

Price
3/10
Features
1/10
Customer service
8/10
Convenience
10/10
Trust
4/10
Less
Eric, New South Wales reviewed over 2 years ago
Beyond Bank Low Rate Car or Personal Loan review
Overall 10/10
Great rates, look no further

Greatest loan rates and hassle free to get a loan. Friendly and helpful staff. Issues resolved over internet or email.

Read full review

Greatest loan rates and hassle free to get a loan. Friendly and helpful staff. Issues resolved over internet or email.

Price
10/10
Less
Mihiri, Queensland reviewed over 3 years ago
Beyond Bank Personal Loan review
Overall 6/10
Great survey

Fantastic bank really love it

Read full review

Fantastic bank really love it

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Cherie, South Australia reviewed over 4 years ago

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