Great Southern Bank logo

Great Southern Bank Unsecured Personal Loan (Fixed)

Advertiser disclosure
Interest rate from
9.39% p.a.
Comparison rate from
9.64% p.a.based on $30,000
over 5 years
Upfront fee
Go to site

Mozo editorial review Great Southern Bank Unsecured Personal Loan (Fixed) - last updated: 21 July 2021

3.5 / 5
binocular icon
What's hot
  • Flexible repayment schedule
  • Free extra repayments and redraw facility
  • No ongoing fees
What's not
  • $175 application fee
  • $200 minimum redraw in-branch
Mozo snapshot

If you love flexibility, then the Great Southern Bank Unsecured Personal Loan might be the one for you, as it offers borrowers the ability to choose their own repayment schedule, make free extra repayments and access to a redraw facility. With this loan, you also won't have to worry about any ongoing, exit or early payout fees. 

key icon
Key features

The Great Southern Bank fixed rate unsecured personal loan has a 9.39% fixed interest rate (9.64% comparison rate*) for a loan between $5,000 - $50,000 with a $175 application fee.

For this loan, you'll find yourself free of any ongoing fees, only needing to repay interest.

To help fit your repayments into your budget, you're able to choose between weekly, fortnightly or monthly repayments. Furthermore, you can choose to have your loan period be anywhere between 1-7 years.

There are no penalties for extra repayments, so if you come into some money down the line, you could pay off your loan a lot quicker and save on interest payments. But keep in mind that for any redraws of those extra repayments you make in-branch, a $200 minimum withdrawal amount applies. 

Who is it good for

You must be over 18 and an Australian permanent resident to be eligible for this loan. So, it could be a suitable option for anyone who fits that criteria, doesn't have assets to secure a loan against, and is looking for a competitive unsecured personal loan with flexible features and minimal fees. 

question icon
Any catches

Because this loan is unsecured, it does have a higher interest rate than a secured loan. 

While extra repayments are allowed and are free, there is a minimum withdrawal amount of $200 to use the free redraw option in-branch, should you wish to access that cash at a later point in time. 

Picture of Ava Crawford
Ava Crawford
Money writer

Ava Crawford writes across all of our personal finance areas here at Mozo. She likes to provide no-nonsense financial information that allows everyday Australians to make informed and empowered choices. Ava has also produced digital content for Foxtel's LifeStyle and FOXArena, and has contributed to publications such as The New York Times. She attended New York University and completed a degree in English and American Literature.


Rates and fees information correct as at 6 December 2021. 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.


9.39% p.a. fixed

9.64% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

7 Years



Weekly, Fortnightly, Monthly



$200 minimum withdrawal amount applies for redraws conducted in-branch.

Applications made in branch have loan amounts available from $1,000 up to $100,000.

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.

Customer Reviews

How are Great Southern Bank personal loans rated by the Mozo community?

Customer service

Latest reviews of Great Southern Bank Unsecured Personal Loan (Fixed)

About Great Southern Bank