Personal loans can be great to help pay for an extension on your house, a holiday or the wedding you've always wanted. When it comes to loans, the Great Southern Bank Unsecured Personal Loan’s variable 11.89% p.a. interest rate (12.15% p.a. comparison rate*) lets you know you’re starting in a good place. The loan also allows you to choose from weekly, fortnightly and monthly repayment terms over 1 - 7 years.
First off, you'll have to think about how much you want to borrow. If you're after a smaller loan from $5,000, then you can snag a Great Southern Bank Unsecured Personal Loan with a rate of 11.89% p.a. (12.15% p.a. comparison rate*). On the other hand, if you're borrowing between $30,000 and $75,000* (T&C may apply), you could potentially score a discounted rate of 11.89% p.a. (12.15% p.a. comparison rate*).
If you're interested in repaying your loan back early to save on interest, then go right ahead, because Great Southern Bank allows for unlimited free extra repayments, and there’s no penalty for paying your loan off early. This loan also comes with a free redraw facility, so if you need access to the money you paid back early, you can get it back. The only caveat is that you have to redraw a minimum of $200 if you are in-branch.
Having the ability to choose how long your loan is and how often your repayments are can be really important for keeping your budget in check. That’s why Great Southern Bank allows you to pick weekly, fortnightly or monthly repayments, and a loan term that can extend between 1 and 7 years.
*$3,000 minimum loan amount and $100,000 maximum loan amount available in branch. $5,000 minimum loan amount and $75,000 maximum loan amount available online.
This loan is a budget-friendly option for just about any borrower but is particularly well-suited to those borrowing more than $30,000, as they can score the lower rate option.
There aren’t really any major catches as far as the this Unsecured Personal Loan goes. Although, keep in mind that while there's a redraw facility available, a minimum $200 limit applies for in-branch redraws.
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Variable |
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11.89% p.a.variable |
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12.15% p.a.based on $30,000 |
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$175.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$3,000.00 |
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$75,000.00 |
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1 Year |
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7 Years |
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Unsecured |
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Weekly, Fortnightly, Monthly |
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yes |
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yes |
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$200 minimum withdrawal amount applies for redraws conducted in-branch. |
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Applications made in branch have loan amounts available from $3,000, the minimum loan amount for online applications is $5,000. |
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.
Just no good at their jobs. Awful experience and they take forever and ask unnecessary questions in my opinion sounds like pulling information to sell off instead of giving loans out.
Read full reviewJust no good at their jobs. Awful experience and they take forever and ask unnecessary questions in my opinion sounds like pulling information to sell off instead of giving loans out.
CUA had a good personal loan with good terms at the time. We applied for the loan and waited a week to receive a call. After a week, I called to see how are we progressing with approval and then they requested a new document. Document was provided and a week later another 2 documents were requested. Every week for next 5 weeks, there was a new specific document requested, but no approval. I couldn't continue to wait any longer so in week 6 from submission I said that they are to let me know immediately are we approved or is the application declined. The only thing they said that the lender that was looking after us has left the company day before and they will need to start the same application from the beginning.
Read full reviewCUA had a good personal loan with good terms at the time. We applied for the loan and waited a week to receive a call. After a week, I called to see how are we progressing with approval and then they requested a new document. Document was provided and a week later another 2 documents were requested. Every week for next 5 weeks, there was a new specific document requested, but no approval. I couldn't continue to wait any longer so in week 6 from submission I said that they are to let me know immediately are we approved or is the application declined. The only thing they said that the lender that was looking after us has left the company day before and they will need to start the same application from the beginning.
Not long ago I applied for a loan from CUA to pay for costly white ant damage to my home. The loan was quickly sorted out and I was able to pay for the damage. CUA has a very friendly informative approach particularly to Pensioners with their accounts and is in an easily accessible location in my local shopping centre.
Read full reviewNot long ago I applied for a loan from CUA to pay for costly white ant damage to my home. The loan was quickly sorted out and I was able to pay for the damage. CUA has a very friendly informative approach particularly to Pensioners with their accounts and is in an easily accessible location in my local shopping centre.
Branch staff are great. Phone and email is not good.
Read full reviewBranch staff are great. Phone and email is not good.
Most stupid bank I have ever banked with, wasn't eligible for anything.
Read full reviewMost stupid bank I have ever banked with, wasn't eligible for anything.
OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 7.89% p.a.
6.39% p.a.to 8.49% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
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8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
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6.99% p.a.
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Wisr
Secured Car Loan
5.09% p.a.to 10.74% p.a.
5.92% p.a.to 11.61% p.a.based on $30,000
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OurMoneyMarket
Low Rate Personal Loan
5.45% p.a.to 8.48% p.a.
6.07% p.a.to 8.84% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
Great Southern Bank
Unsecured Personal Loan (Fixed)
9.39% p.a.
9.64% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
