Personal lending FAQs

Simply complete the enquiry form.

Our team will be in touch within 3 business days to go through your next steps.

In the meantime, you can get your information ready for when they reach out.

You're eligible to apply for a personal loan if you:

• Are at least 18 years old
• Live in Australia and are an Australian citizen, Australian permanent resident, or New Zealand citizen
• Meet the minimum income requirements
• Are employed or have a regular income
• Have a good credit rating.

Get these documents ready to speed up your process:

• Identification documentation

  You'll need to identify yourself when you apply for a personal loan. Find details of acceptable documents here.

• Proof of income

  You could supply your payslips, your most recent personal tax return, or payment summaries.

  Other evidence of income or additional documentation may be required.

• Savings history and deposit details

  It's important to demonstrate your ability to meet your regular financial commitments.

  Provide copies of your account statements or any other supporting evidence of your savings to support your personal loan application.

• Existing financial obligations, e.g., loans and bills

  Details of your other commitments and loans are necessary for your personal loan approval.

  How you managed your last or current loan, together with how much you're currently repaying is important.

Personal loans have a $250 application fee. This fee is only payable after you've been approved.

You could pay your loan off faster, because there are:

• No account-keeping fees
• No early repayment penalties
• No restrictions on additional repayments.

The minimum amount you could apply for with our personal loan is $5,000.

You could borrow up to $50,000 with an Unsecured Personal Loan, and up to $100,000 with a Secured Personal Loan.

Interest calculations vary depending on the loan type. Download our Interest facts for loans PDF for more information.

Personal loans are a good option for those once-in-a-lifetime expenses. This includes renovations, weddings, honeymoons, dream overseas trips, and debt consolidation.

Personal loans are not suitable for recurring expenses like groceries, bills, or Christmas presents. Our Value+ Credit Card might be a better option for recurring expenses.

Fixed interest rates lock in your repayments, and they won't change for the loan term. You can easily budget, because you'll know exactly what you'll pay each month.

Variable interest rates could vary from month to month based on the changes to the interest rates. If the rates rise, your repayments may rise. If the rates fall, your repayments may be less.

With secured loans, you use an asset (e.g., your car, motorbike, or Term Deposit) as collateral for the loan. Because of the collateral provided, you'll usually have a lower interest rate.

With unsecured loans you won't have to provide any asset as security, but you may expect a higher interest rate.

You can either use an asset you're buying with the loan (e.g., a new car), or an asset you already own (e.g., your car, motorbike, or Term Deposit).