Alert

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.

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2022-06-21 5:06 pm
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Lifestyle Personal Loan – Property owner

Low rate personal loan for property owners in need of cash for a range of reasons.

Why us?Who's it for?What you getCalculate your repaymentsFees and charges

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
7.89
%
p.a.
Variable interest rate
Effective 9 August 2022
8.92
%
p.a.
Comparison rate
Comparison rate based on a unsecured loan of $10,000 for 3 years. Fees and charges may apply.
See rates and fees

Why us?

Be the change

What if the money in your bank account helped other people and the planet? When you bank with us, it does.

Shared values

Rest assured that your money is not supporting industries that do harm, like fossil fuels or animal exports.

optional redraw

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

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 
  • Property owners (if paying off a home loan currently, it doesn’t need to be with us)

Applying for a loan

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

“Switched to Bank Aust for the low interest rates, but will stay because of the fantastic service.”
Michael from SA
See more on Productreview.com.au

Low interest rate

Fast access to funds at a low interest rate. Handy if you don’t have any redraw available on your home loan.

Access to redraw

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

Pay it off early

You’re not locked in. Pay your loan off whenever and you pay no early repayment fee.

Choice of repayments

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

Calculate your repayments

See what your repayments could be with our 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 – Property Owner:

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

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

Related topics

Applying for a loan
Loan support
Ways to bank

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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. Full terms, conditions, fees and charges are available upon request.
  2. Variable interest rates apply to personal loan products.
  3. Rates apply to new applications received from 22/03/2021.
  4. Loan Terms. Maximum term of 10 years and minimum amount of $1,000 apply to Personal Loans. Full terms, conditions, fees and charges are available on request.
  5. Redraw is available on the Lifestyle Personal Loan – Property Owners.