Regional Australia Bank personal loans

Regional Australia Bank
Regional Australia Bank's overall rating for personal loans

(as rated by the Mozo community)

8.1 / 10

based on 8 reviews

Formerly known as Community Mutual Group, in 2016, this customer owned and focused establishment changed its name to Regional Australia Bank.

With a little help from Regional Australia Bank, Aussies have been making their financial dreams a reality for more than 45 years. So if you’ve got a big money goal to reach, check out the personal loan options from Regional Australia Bank below.

Regional Australia Bank offers the following personal loans

Rates and fees verified as correct at 22 January, 2019. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

7.49% p.a.

8.83% p.a.based on $10,000
over 3 years

$195
Car Loan (Variable, Secured)
Regional Australia Bank

11.49% p.a.

12.86% p.a.based on $10,000
over 3 years

$195
Enviro Loan (Variable, Unsecured)
Regional Australia Bank

6.95% p.a.

8.28% p.a.based on $10,000
over 3 years

$195

9.99% p.a.

11.35% p.a.based on $10,000
over 3 years

$195
Unsecured Personal Loan (Variable)
Regional Australia Bank

15.99% p.a.

17.40% p.a.based on $10,000
over 3 years

$195

*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 does Regional Australia Bank offer?

Car loan

Looking for a new vehicle to get from A to B? Make it happen with a car loan from Regional Australia Bank. There are fixed and variable rate options, which are available for terms ranging from 1 to 5 years. If you opt for the fixed rate Accelerator car loan, you can borrow amounts starting at $10,000 - if you opt for the variable rate offer, it starts as low as $5,000. You can also choose to make additional free repayments on either, as well as using the free redraw facility. Just don’t forget to plan for the upfront application fee.

Unsecured personal loan

Got your heart set on a new bathroom, an overseas holiday or a way to consolidate and pay down debt? Then check out the unsecured personal loan options from Regional Australia Bank. These loans are available with fixed or variable rates, and terms between 1 and 7 years. You won’t need to put up any assets as collateral, but don’t forget to account for the application fee. You’ll also get the chance to make free extra repayments, and use the free redraw facility to pay your loan off quicker and save on interest.

Regional Australia Bank personal loan features at a glance

Extra repayments: Pay your loan off faster by making free additional repayments. Just keep in mind, if you choose a fixed rate loan, there may be an early break fee if you pay the whole loan off before the term is up.

Free redraw facility: Use too much of your cash to make extra repayments? You can get some of it back through the free redraw facility. Remember, a minimum redraw amount applies.

Flexible repayment schedule: Make your repayments on a weekly, fortnightly or monthly basis - whatever suits your budget and schedule.

Fees: The good news is there are no ongoing service fees on your Regional Australia Bank loan. But don’t forget to budget for the upfront application fee!

Regional Australia Bank customer reviews

Now you know the facts, why not head over to our customer review section to get the lowdown on what real Aussies think of Regional Australia Bank? Find out how it stacks up in areas like customer service, trust and convenience.

How to apply

When you’re ready to go ahead and apply for a personal loan with Regional Australia Bank, you’ll need to provide:

Also, don’t forget you’ll have to become a member before taking out a loan.

More helpful personal loan quick links