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.)
Comparison Rate (p.a.)
Min Loan Amount
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
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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