Alert: Planned maintenance - Internet Banking: Sunday 14th August, 12:30am-2:30am AEST. We will be conducting important maintenance across our internet banking platform. During this time our internet banking platform will be offline. We apologise for any inconvenience. Card transactions and ATM withdrawals will be unaffected during the maintenance window. Call us on 132 888 for any questions, we're here 'til 8pm AEST or between 9am and 2pm AEDT tomorrow.

Close button
2022-08-12 2:08 pm

Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

Close button
2022-06-21 5:06 pm
Close button

Lifestyle Personal Loan

How to borrow to better your situation with the planet-conscious bank.

Changes to personal lending applications from Monday 16 August

Personal lending applications for Bank Australia customers.

Bank Australia customers can now apply for personal loans and credit through their internet banking. To apply, log in to internet banking, click the ‘apply’ tab and choose the product you’re looking for. We'll be in touch to organise your application.

Due to high demand, we’re unable to take your application by phone right now. If you need help, call our lending team on 132 888 and follow the prompts.

Not a Bank Australia customer? We’ll be able to help you soon.

Due to high volume of home loans, personal loan and credit card applications, we’re not accepting new applications from people who aren’t already a customer of ours.

We’re in the process of scaling up to meet this demand so we can resume online applications as soon as possible. We’ll keep you up to date on when applications will resume.

Our rates

Finder Green Awards 2021
Green Bank of the Year
See all reviews
Variable interest rate
Effective 9 August 2022
Comparison rate
Comparison rate based on a unsecured loan of $10,000 for 3 years. Fees and charges may apply.
See fees and charges

Why us?

Who it's for

  • People aged 18+
  • People living in Australia as a permanent resident or with a relevant work visa
  • People with a regular source of income

Is this product right for you? Find out more

What it's for

You can apply for a personal loan or $1,000 or more to help you reach a goal faster or solve an immediate problem – for example, home maintenance, renovations, medical expenses, education, debt consolidation, even a new electric bike.

Maximum loan terms

You can apply to take out a personal loan for a maximum of 3–15 years. Your reason for applying has a bearing on how long your maximum term could be. 

15 years

Home improvements

10 years

General purposes

3 years

What you get

"So far I have enjoyed my experience with Bank Australia and feel like my money is working towards something good."
Jodie from VIC

Make extra repayments

You can make extra repayments on your personal loan whenever the budget allows.

Access to redraw

You can make extra repayments on your personal loan and access that money if you need it down the track.

Choice of repayments

Choose repayment timings to suit your pay cycle – weekly, fortnightly or monthly.

Redraw available funds

You can access any extra repayments you make in the redraw.  

Calculate your repayments

See what your repayments could be with a Lifestyle Personal Loan.

Banking done differently

We’re 100% customer-owned, which means you have voting rights. We don’t pay our execs bonuses, which means more funds are used to support people and the planet. And we’ll never use your money (or anyone’s, for that matter) to fund harmful industries like fossil fuels, live animal exports or nuclear weapons.

Why us

Fees and charges

Here’s what to expect with our Lifestyle Personal Loan:

  • Establishment fee $150
  • Early repayment fee $0
  • Late payment fee $0

It pays to know. Read the Product Disclosure Document and this fact sheet to help you decide if this loan’s right for you. See all rates and fees.

Money, People & Planet

See more at the Bank Australia blog

The fine print

* The Comparison Rate is based on a unsecured loan of $10,000 for 3 years. Fees and charges may be applicable.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

  1. Variable interest rates apply to personal loan products.
  2. Full terms, conditions, fees and charges are available upon request.
  3. Redraw is available on the Lifestyle Personal Loan - Property Owners.
  4. Loan Terms. Maximum term of 10 years and minimum amount of $1,000 apply to Lifestyle Personal Loans.
  5. Full terms, conditions, fees and charges are available on request