Alex Bank Personal Loan

The higher your credit score, the lower your interest rate. Get a rate estimate before you apply.

  • For a limited time only the $295 establishment fee will be waived for loan applications submitted before 26 January 2022.

With Alex Bank personal loan, you can buy a new car, renovate your home or take the holiday of a lifetime. These loans have no ongoing fees, no early payment fees and they’re entirely online. It takes around 3 minutes to apply, and you’ll receive a status update shortly after. While loan amounts are limited to $30,000, Alex Bank offers personalised interest rates between 4.99% p.a. and 14.99% p.a. This means that applicants with good and excellent credit histories will receive lower rates.


From 4.99% (fixed)

Interest Rate (p.a.)

4.99%

Comparison Rate (p.a.)

$2,100

Min Loan Amount

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Details

Product NameAlex Bank Personal Loan
Interest Rate (p.a.)
From 4.99% (fixed)
Comparison Rate (p.a.)4.99%
Interest Rate TypeFixed
Min Loan Amount$2,100
Max. Loan Amount$30,000
Loan SecurityUnsecured

Main points to consider with an Alex Bank Personal Loan

Alex Bank is a neobank lender and its personal loans are available from $2,100 to $30,000. Loans from Alex Bank are Unsecured and terms vary between 6 months and 5 years. Applications are 100% online and take just 3 minutes to complete, and you'll usually get a decision very quickly. Alex Bank Personal Loans only have a single upfront fee; there are no ongoing fees and no penalty charges for making extra repayments or repaying the loan early.

Rates for Alex Bank Personal Loans range between 4.99% p.a. and 14.99% p.a. Comparison rates will vary depending on your loan amount and loan term. You can also get a rate estimate on-site that's based on your credit score, the amount of funding that you require and your loan term.

Features of an Alex Bank Personal Loan

Alex Bank Personal Loans come with the following features:

  • Special Offer. The $295 establishment fee will be waived for loan applications submitted before 26 January 2022.
  • Personalised rate. Rates for Alex Bank loans are personalised, meaning that the higher your credit score, the lower your rate.
  • Rate estimate. Receive a rate estimate online based on your loan amount, desired loan term and credit score before you apply.
  • Loan amount. Funding amounts vary from $2,100 to $30,000.
  • Loan term. Terms vary from 6 months to 5 years.
  • Unsecured. Loans from Alex Bank do not require asset security.
  • Fixed. This personal loan has a fixed rate, so your repayments won't change over the life of the loan.
  • 100% online application. Apply with no manual paperwork.
  • Quick application. Applications take just three minutes to complete.
  • Flexible repayments. Repay your loan weekly, fortnightly or monthly, depending on your preferences.
  • No monthly fees. Never pay ongoing fees with this loan.
  • No early repayment fees. Repay your loan early or make extra repayments penalty-free and save money over the life of the loan.

Fees and charges

You can expect the following fees and charges from an Alex Bank Personal Loan:

  • Establishment fee. The one-off $295 establishment fee will be waived for loan applications submitted by 26 January 2022.
  • Interest rate. You'll receive a rate from 4.99% p.a. to 14.99% p.a. depending on your credit score. Comparison rates vary depending on loan term and loan amount.

How to apply for an Alex Bank Personal Loan

Applying for an Alex Bank Personal Loan is easy, simply click "Go to site" to visit the lender's website directly and submit an application. You will need to meet the following criteria:

  • Be an Australian citizen or permanent resident
  • Be 18 years old or over

You will also need to have the following documentation handy:

  • An Australian passport or driver's licence
  • Your Internet banking details

If you are on JobSeeker's payments, Alex Bank may have trouble lending to you. However, still get in touch with the lender directly to see if they can help.

Remember that while this is a competitive loan product, it's still a good idea to compare unsecured personal loan options, prior to submitting an application.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10

You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.
SocietyOne Unsecured Personal Loan

From 6.45% (fixed)
6.45%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 6.45% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before 31 January 2022 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

⭐Special Offer: A $500 cashback offer available for loans of $10,000 or more that been applied for before 28 February 2022. Loans approved and drawn down by this date are also eligible for the reduced rate of 8.99% p.a.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Wisr Personal Loan ($5,000 to $30,000)

From 6.49% (fixed)
6.49%
$5,000
3 to 7 years
$0 - Waived Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 31 January 2022. T&Cs apply.
Wisr Personal Loan ($30,001 to $64,000)

From 6.49% (fixed)
7.11%
$30,001
3 to 7 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $30,001 and $64,000. Offer ends 31 January 2022. T&Cs apply.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 10.50% p.a. with a comparison rate of 11.38% p.a. if you're approved. Note: This rate may vary during the loan term.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.

⭐Special Offer: A $500 cashback offer available for loans of $10,000 or more that been applied for before 28 February 2022. Loans approved and drawn down by this date are also eligible for the reduced rate of 10.50% p.a.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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