Aussie Personal Loan

Rates and Fees verified correct on July 28th, 2016

With a low minimum amount and a fixed interest rate, the Aussie Personal Loan can help you finance what you need.

The Aussie Personal Loan is designed to give you access to the funds you need for your next purchase, combining a competitive interest rate with a low minimum loan amount. It offers fixed repayment amounts and tailor your repayment schedule to fit your budget.

Things to consider about the Aussie Personal Loan

Product NameAussie Personal Loan
Interest Rate (p.a.)From 12.99% (fixed)
Comparison Rate (p.a.)13.94%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term7 years
Min Loan Amount$3,000
Application Fee$199
Monthly Service Fee$10
Pros
  • Interest rates from 12.99% p.a.* comparison rate 13.94% p.a.#
  • Quick and easy to apply online
  • Flexible repayment options.
Cons
  • Unavoidable application fee of $199.
  • $10 monthly service fee
  • Can not be used for investment or business use

The Aussie personal loan can be used for a variety of purposes including holidays, weddings, cars, renovations or debt consolidation. The loan comes with a fixed interest rate of 12.99% p.a. so your repayments are locked in to keep your finances simple. The Aussie Personal Loan is unsecured so you won’t have to put any of your assets up as collateral. Keep in mind that paying off your loan early will attract a fee.

Features of the Aussie Personal Loan

  • Fixed interest rate. The Aussie Personal Loan features a fixed rate from 12.99% p.a. for the life of the loan (comparison rate of 13.94% p.a.).
  • Fees and charges. There is a $199 establishment fee and an ongoing administration fee of $10 per month. If you choose to pay off your loan early, there is also an early termination fee.
  • Loan terms. Choose a loan term between 1 year(s) and 7 year(s).
  • Loan amount. The minimum loan amount to qualify for the advertised fixed interest rate is $3,000.
  • Repayment options. Standard repayments are monthly but you can choose to make them weekly or fortnightly to line up with your budgeting preferences.

How you can apply for the Aussie Personal Loan

If the Aussie Personal Loan sounds like the right option for you, click "Go to Site" to be transferred to Aussie’s secure online application form. In order to be approved you must:

  • Be 18 years or older
  • Have permanent residency in Australia
  • Be working in a consistent job that pays more than $24,000 p.a.
  • Have had a clean credit history for the past five years

Have the following on hand to complete your application:

  • Your driver’s licence or proof of residency
  • Details of your financial situation including income, assets, expenses and liabilities
  • Proof of employment including details of your employer and tax returns

It will take approximately 15 minutes to complete the online application form. You do not need to be a current customer of Aussie to apply.

The Aussie Personal Loan offers reliability and peace of mind with a fixed rate and repayment options. Click "Go to Site" if it sounds like the right loan for your next purchase.

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This page was last modified on 23 March 2016 at 15:10.

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38 Responses to Aussie Personal Loan

  1. Default Gravatar
    Pip | June 29, 2016

    I want to apply for a loan of $50000 but have no assets. I am over 18 and work part time currently and earn a little over the $24k a year. What are my chances?

    • Staff
      Elizabeth | July 12, 2016

      Hi Pip,

      Apologies for the delayed response.

      As you earn an annual income of $24,000 you meet the minimum income criteria and are eligible to apply. Aussie will consider the details you supply in your application and your eligibility to afford the loan when deciding whether to approve you.

      I hope this helps,

      Elizabeth

  2. Default Gravatar
    Brian | May 20, 2016

    Can I borrow $20,000 on a joint casual income of $106,000 per annum?

    • Staff
      Elizabeth | May 23, 2016

      Hi Brian,

      The criteria for an Aussie Personal Loan is that you’re “currently earning a salary with an annual gross income of more than $24,000 or in regular paid employment where you earn an annual gross income of more than $24,000″. You also need to be out of the probation period of your employment.

      If you meet this criteria you can apply. However, you can submit a joint application for this loan.

      I hope this helps,

      Elizabeth

  3. Default Gravatar
    Gemma | May 14, 2016

    I want to apply for a $6000 personal loan for education purpose. I work 38 hours per week casually and have been there 4 months. Can i get a loan?

    • Staff
      Elizabeth | May 16, 2016

      Hi Gemma,

      Aussie’s eligibility criteria is that you must be “in consistent paid employment and be earning $24,000 p.a.”. You also need to be outside of your probation period. If you meet this criteria you can be considered for a loan.

      Hope this helps,

      Elizabeth

  4. Default Gravatar
    | April 29, 2016

    Hi Julie here again wondering whether I am eligible for a secured Aussie personal loan of $3000 over three or four years. I am as I have said asset rich but cash poor, the personal loan is to help restore finances to cover what had been ever ongoing medical a pharmacy expenses and pay back family and close friend who helped me out whilst covering all the medical requirements and other costs involved in a final diagnosis,,,my draw back is that I am no longer working But on the disability. Thanks JULIE should I ring Aussie loans?

    • Staff
      Elizabeth | April 29, 2016

      Hi Julie,

      Unfortunately you need to be in regular paid employment to be eligible for an Aussie personal loan. You can find a full list of lenders that consider people on pension benefits on this page – if you’re looking for a bank loan you can click to the second tab in the table “banks” and take a look at the eligibility criteria. Click through to the pages by clicking on the name of the lender to find out more information. But ringing the lenders to check your eligibility is a great place to start with your application!

      I hope this information has helped,

      Elizabeth

  5. Default Gravatar
    Rob | April 20, 2016

    I work casual and have minimum 3 days work a week and take home minimum 400 a week but I Am always at work and guaranteed a job for a long term! Am I legible for a loan and if I am how do I go about my bank statements and stuff

    Thanks in advance

    • Staff
      Elizabeth | April 20, 2016

      Hi Rob,

      Unfortunately you don’t meet the minimum requirements for this loan as you need to be earning a minimum of $24,000 per year. You can find out more about your options on this page.

      Hope this helps,

      Elizabeth

  6. Default Gravatar
    Priteshni | April 6, 2016

    Hi l am not working but will be starting to work in 2 months time can I get the loan

    • Staff
      Elizabeth | April 6, 2016

      Hi Priteshni,

      Unfortunately, to be eligible for this loan you need to be currently employed in a job that earns more than $24,000 p.a. If you’re able to wait until you’ve been working for a couple of months to apply then you may want to consider doing so. If not, you can consider your unemployed loan options on this page.

      Hope this helps,

      Elizabeth

  7. Default Gravatar
    Karen | April 1, 2016

    I have a loan with you already & need the details to make a payment by BPay please.
    Thank you

    • Staff
      Elizabeth | April 4, 2016

      Hi Karen,

      You’ve come through to finder.com.au, a financial comparison service and not Aussie. You’ll need to contact them directly to find out the BPAY details to make your payments.

      Thanks,

      Elizabeth

  8. Default Gravatar
    Laura | April 1, 2016

    Hi, I am casually employed (great credit score) and would earn 31,400+ (I worked this out using the smallest pay I’ve received to date by the amount of weeks I would work). However I have only been in this position for 6 months. Before this I was studying without working. I have been advised by that to be considered for loans from other banks that I must have been working for 2 years+ to be considered eligible. So my question is, does Aussie Loans have this requirement?
    Thank you

    • Staff
      Elizabeth | April 1, 2016

      Hi Laura,

      Thanks for your question.

      Most banks and credit unions require stable employment history, but usually around three to six months should be sufficient as this is the standard probation period. Aussie requires your employer’s name and contact details when you apply. You may want to get in touch with them before you apply to confirm your eligibility as this would be the best way to avoid a rejected loan application appearing on your credit file.

      Hope this will help,

      Elizabeth

  9. Default Gravatar
    sandesh | February 20, 2016

    I have taken some pay day loans and now I want to clear all of them at one time. I have only made few loan enquiry and that makes my credit score below average. So am i eligible to apply a personal loan.

    • Staff
      Elizabeth | February 22, 2016

      Hi Sandesh,

      The minimum criteria for the Aussie personal loan is that you are 18 years old, are an Australian permanent resident, be working in a consistent job earning more than $24,000 p.a. and have a clean credit history for the past 5 years. Your below average credit score may make you ineligible for this loan. You may want to get in touch with Aussie to confirm this.

      However, if you find you are ineligible there are other options available. Take a look at this page that lists lenders who consider applicants with a bad credit history.

      Hope this helps,

      Elizabeth

  10. Default Gravatar
    Sue | February 16, 2016

    My husband and I are aged in mid to late 60′s and are on the aged pension with combined yearly income of approx $37200 and are debt free. We are looking to borrow $3000 and to repay it in 2 years. Do we qualify?

    • Staff
      Elizabeth | February 17, 2016

      Hi Sue,

      Aussie Personal Loans do consider the age pension as an acceptable form of income and do accept joint applications. Keep in mind that all applications are handled on a case-by-case basis. If you wish to apply for this loan press the green “Go to Site” button on the page above to apply with Aussie directly.

      Thanks,

      Elizabeth

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