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Personal Loan

Personal Loans

Empower your dreams with a personal loan—tailored to help you achieve your goals, whatever they may be!

  • Upgrade your car with flexible financing
  • Fund the holiday of your dreams
  • Transform your home with easy renovation loans
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Key Features

Free & unlimited extra repayments

Free & unlimited online redraws

Free & unlimited EFTs

Borrow from $10,000 to $70,000

Loan period from 1 to 7 years

Bill paying capabilities

Personal Loan Benefits

Enjoy the flexibility and smart features of a personal loan designed to meet your unique needs.

Flexible Use

Cover a wide range of needs like holidays, cars, debt consolidation, education, renovations, and more.

Save on Interest

Deposit your salary directly into your loan account to reduce interest and save money.

Make Additional Repayments Without Penalty

Pay off your loan faster by making extra repayments anytime, without incurring penalties.

Redraw Extra Repayments Anytime

Redraw your extra repayments whenever you need them with free and unlimited online withdrawals.

Operate Like a Bank Account

Manage your loan just like a bank account, with the potential to save hundreds in interest.

Separate Loan Splits

Create multiple accounts under one loan for personal, business, fixed, or variable purposes.

Flexible Repayment Options

Choose a repayment plan that works for you—weekly, fortnightly, or monthly.

Personal Loan Details

Get a clear overview of rates, repayment options, and features tailored to your loan needs.

Minimum loan amount

$10,000

Maximum loan amount

$70,000

Minimum loan term

1 year

Maximum loan term

7 years

A loan in which both the principal and the interest are repaid over the term of the loan. Amortisation or amortising is another word for these loans that are gradually being paid off over the set period of time (the loan term). P&I can also be the abbreviation term for principal and interest.

Principal & interest

A variable interest rate is an interest rate on a loan that fluctuates over time, because it is based on an underlying benchmark interest rate or index that changes periodically. As a result, your repayments could increase or decrease.

Variable interest rate

A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. It makes budgeting easier - you know exactly what you're repayments will be so you can set a realistic budget.

Fixed interest rate

Available on request

Each payment cycle (normally monthly), a repayment must be made, regardless of whether you have made any lump sum or additional principal repayments to your loan account in excess of the standard repayment amount.

Payment required

Money IN - Allows you to make additional repayments without penalty.

Additional repayments

Money IN - A direct debit is an automatic payment that is setup to repay your loan. You specify the frequency as well as the bank or transaction account that the repayment is to be drawn from and this payment will occur automatically on the set due date.

Direct debits 

Money IN - The ability for your employer to pay directly into your loan account.

Salary credits

Money IN - The ability for an external partly to pay directly into your loan account.

Direct credits

Money IN - The ability to pay your loan via a unique biller code from another financial institution.

BPAY in

For any purpose

Getting a new loan to replace the current is called refinancing. This is done to obtain a lower interest rate, better loan terms, or move your current loan from one provider to another.

Refinance

Money OUT - If you have made any lump sum or additional principal repayments to your loan account in excess of the standard repayment amount, you can access or draw back those extra repayments.

Redraw facility

The access via the internet to view and administer your home loan.

Internet access

Money OUT - You can pass on your loan BSB and account number to another financial institution in order to take money periodically from your loan account.

3rd party direct debits

Money IN and money OUT - A payment made to your loan account or an amount taken from your loan account either via internet transfer, employee payroll transfer or by an external party.

3rd party protocol friendly

Ability to have many separate accounts under one loan for multiple purposes, such as personal and business splits, fixed and variable splits, etc.

Loan splitting

You can switch your loan variable interest rate to a fixed interest rate (subject to the terms and conditions of your loan).

Loan switching

Money OUT - The ability to pay via a unique biller code to another financial institution.

BPAY out

Important Notice

My Personal Loan has an extensive range of loan options available. Some features set out in the table above may not apply to all loans.

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Personal Loan Calculator

Finding the right personal loan is simple—use our personal loan calculator to estimate your repayments with ease.

Loan Amount
How much would you like to borrow?
$
Min: $10,000 Max: $70,000
Loan Period
What is the length of time you require to repay the loan?
Years
Min: 1 Year Max: 7 Years
Interest Rate
The proportion of a loan that is charged as interest to you, typically expressed as an annual percentage of the loan outstanding.
% p.a.
Loan Type
A principal and interest loan is a loan in which both the principal and the interest are repaid over the term of the loan.~ An interest only loan is a loan in which for a set term, you only pay off the interest that arises from the principal that is borrowed. However, interest only loans do not last indefinitely, meaning you will need to pay off the principal of the loan eventually.
Your Repayments

Weekly

Fortnight

Monthly

Important Disclaimer: This calculator is only a guide. Details of terms, conditions, interest rates, fees and charges are available upon application. A credit criteria applies. We recommend you seek independent legal and financial advice before proceeding with any loan.

Begin Your Path to Financial Freedom Today!

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