Alex Personal Loan review
Get a personalised rate and funding from $2,100 to $30,000 with an Alex Personal Loan.
- For a limited time only the $295 establishment fee will be waived for loan applications submitted before 3 May 2021.
Whether you're looking to finance a new car, renovate your home or take the trip of a lifetime, a personal loan from Alex could help.
Alex's personal loans have no ongoing fees, no early payment fees and no manual paperwork to fill out. Plus, you'll receive a personalised interest rate of between 5.49% p.a. and 19.99% p.a. So, applicants with good and excellent credit histories will be rewarded with lower rates.
Find out more about a personal loan from Alex below.
From 5.49% (fixed)
Interest Rate (p.a.)
Comparison Rate (p.a.)
Min Loan Amount
Main points to consider with an Alex Personal Loan
Alex is a neobank lender and its personal loans are available from $2,100 to $30,000. Loans from Alex 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 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 Personal Loans range between 5.49% p.a. and 19.99% 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 Personal Loan
Alex Personal Loans come with the following features:
- Special Offer. The $295 establishment fee will be waived for loan applications submitted before 3 May 2021.
- Personalised rate. Rates for Alex 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 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 Personal Loan:
- Establishment fee. The one-off $295 establishment fee will be waived for loan applications submitted by 3 May 2021.
- Interest rate. You'll receive a rate from 5.49% p.a. to 19.99% p.a. depending on your credit score. Comparison rates vary depending on loan term and loan amount.
How to apply for an Alex Personal Loan
Applying for an Alex 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 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.
Personal Loan OffersImportant Information*
You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
You'll receive a fixed rate of 10.5% 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.
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
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 6.99% 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.