Personal Loan Interest Rates and Features
Whether you need to pay for a holiday, renovations, or a wedding to name a few things, you can with a personal loan from Aussie.
While lots of people will pull out a credit card or redraw on a mortgage for this sort thing, a personal loan is often a smarter way to go because:
- The interest rate on a personal loan can be a lot less than the rate on your credit card.
- If you only make the minimum monthly payment on your credit card, the original debt can hang around forever and the amount of interest you’ll pay in the long term can really add up. A personal loan from Aussie can be a better way to pay, because the fixed term and repayments mean you regularly reduce your debt.
- Unless you increase your repayments on your mortgage, the accumulated amount of interest you’ll pay over the term of your home loan can add up to a lot more than what you’d end up paying on your personal loan.
Organise your finances
One of the smartest and the most popular reasons for getting a personal loan is for debt consolidation. It’s a horrible term but it just means you only have one repayment for everything you owe. You could save time, stress and money with a personal loan from Aussie. Find out more about debt consolidation
Our personal loan rates
Interest rates for our personal loans are fixed – so you’ll know exactly what you’ll spend each month. The actual rate you pay will depend on a number of things including your financial situation and your credit history.
- Our rates start at 12.99% p.a - comparison rates start at 13.73% p.a.*.
To know exactly what rate you’ll have to pay, give us a call on 13 13 55.
Our fees
There are 3 types of fees you need to be aware of:
- You’ll pay an establishment fee of $149 only once, when you first get the loan.
- There’s a monthly admin fee of $7.95 which you’ll pay for the term of the loan.
- There’s also an early repayment fee, but you’ll only need to pay this if you pay-out your loan early. The amount will depend on how much you still owe on your loan, and how long you have left on your agreed term
Existing Aussie Home Loan customers can get a discount on the establishment fee. So if you have an Aussie Home Loan apply here to ensure you receive the discount.
The amount you can borrow
You can borrow up to any amount you want as long as you have the capacity to pay for it – and meet our normal lending criteria. The minimum amount of the loan can’t be less than $3,000.
If you want to borrow less than $3,000, then an Aussie MasterCard could be right for you.
Your personal loan repayments
You can make repayments monthly, fortnightly or weekly by Direct Debit. It’s easy and convenient, just set and forget.
Although the loan is fixed, you can pay lump sums into your loan account to reduce your loan term.
If you ever need to check the balance of your loan, call us on 13 13 55. We don’t send monthly statements, but if you really need one call us and we’ll send one to you.
Ready to apply?
The application is a breeze, and you should have an answer by the next working day. Apply Now