based on 183 Regional Australia Bank product reviews as rated by Mozo community

Regional Australia Bank personal loans

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 24 April 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Accelerator Car Loan (Variable, Secured)

6.74% p.a.

7.05% p.a.based on $10,000
over 3 years

$195.00

Car Loan (Variable, Secured)

11.74% p.a.

12.07% p.a.based on $30,000
over 5 years

$195.00

Enviro Loan (Variable, Unsecured)

7.20% p.a.

8.45% p.a.based on $10,000
over 3 years

$195.00

Personal Touch Loan (Variable, Unsecured)

10.24% p.a.

11.60% p.a.based on $10,000
over 3 years

$195.00

Unsecured Personal Loan (Variable)

15.99% p.a.

17.37% p.a.based on $10,000
over 3 years

$195.00

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:

  • Your personal details, including name, email and phone number
  • An overview of your finances, such as income, expenses, debt and assets

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

How are Regional Australia Bank personal loans rated?

Mozo users have rated Regional Australia Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Regional Australia Bank personal loans
Overall
Price
Features
Customer service
Convenience
Trust

12 Reviews

Recent Regional Australia Bank personal loan reviews

Regional Australia Bank Unsecured Personal Loan
Overall 3/10
Impersonal, poor customer service

We have been with the bank for 19 years and have been extremely happy with the staff at the local branch. They bend over backwards to help. We applied for a personal loan, the same as the last one we had, no change in our circumstances, and it was processed by someone in a 'head office' I assume, who thought our 19 year loyalty and never missed a payment in 19 years, and in fact pay off more per week to pay it out early, means nothing. I previously recommended this bank to everyone. Not anymore. Very poor treatment.

Read full review

We have been with the bank for 19 years and have been extremely happy with the staff at the local branch. They bend over backwards to help. We applied for a personal loan, the same as the last one we had, no change in our circumstances, and it was processed by someone in a 'head office' I assume, who thought our 19 year loyalty and never missed a payment in 19 years, and in fact pay off more per week to pay it out early, means nothing. I previously recommended this bank to everyone. Not anymore. Very poor treatment.

Price
7/10
Features
5/10
Customer service
5/10
Convenience
7/10
Trust
4/10
Less
Pm, New South Wales, reviewed 11 months ago
Regional Australia Bank Personal Touch Loan
Overall 7/10
Interest rates high, takes longer to pay off .

Interest rates too high. Every month the interest rates get increased.

Read full review

Interest rates too high. Every month the interest rates get increased.

Price
3/10
Features
3/10
Customer service
7/10
Convenience
6/10
Trust
8/10
Less
Aly, Queensland, reviewed over 8 years ago
Regional Australia Bank Personal Touch Loan
Overall 7/10
loan

Hey get a round go shopping pay dept loans

Read full review

Hey get a round go shopping pay dept loans

Price
10/10
Features
9/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Kurstin, New South Wales, reviewed almost 9 years ago
Regional Australia Bank Personal Touch Loan
Overall 6/10
Good and they have a great insurance policy Yeah s

It's alright

Read full review

It's alright

Price
10/10
Features
10/10
Customer service
8/10
Convenience
4/10
Trust
7/10
Less
John, Western Australia, reviewed over 9 years ago
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