Bank Australia Lifestyle Personal Loan

Rates and Fees verified correct on April 26th, 2017

Enjoy flexible financing and long loan terms with a Bank Australia Lifestyle Personal Loan.

The Lifestyle Personal Loan from Bank Australia comes with fast approval, and it's unsecured, so you don't have to offer any assets as security. The loan also comes with a competitive variable rate and the ability to made additional repayments, helping you to pay off your loan sooner. Extended loan terms of up to 10 year(s) are also on offer.

Once you apply for this Lifestyle Personal Loan, you can be approved in as little as 24 hours.

Product NameBank Australia Lifestyle Personal Loan
Interest Rate (p.a.)From 11.89% (variable)
Comparison Rate (p.a.)12.94%
Interest Rate TypeVariable
Minimum Loan Term1 year
Maximum Loan Term10 years
Min Loan Amount$1,000
Application Fee$150
Loan SecurityUnsecured

Things to consider about the Lifestyle Personal Loan

Bank Australia Personal Loans are flexible and are available in a wide array of products designed to meet the specific financial needs of customers. This personal loan is unsecured, meaning you won't have to risk your assets, and comes with a competitive variable rate of 11.89% p.a.. You can use the loan for whatever purpose you need and you can apply for as little as  $1,000. The loan comes with an establishment fee of $150.

Features of the Lifestyle Personal Loan

  • Competitive rates. This loan comes with a competitive variable rate of 11.89% p.a..
  • Flexible repayment options. You're able to repay weekly, monthly or fortnightly repayments so it suits your budget.
  • Repay the loan early. You can make extra repayments and repay the entire loan early without penalty.
  • Loan amount. You can borrow amounts as little as $1,000, making it suitable for a range of purposes.
  • Long loan term. This loan comes with a maximum loan term of 10 year(s), which is considerably longer than what is offered elsewhere.

How to apply for a Bank Australia Personal Loan

Applying for a Bank Australia Personal Loan is simple and straightforward. If you want to apply, click "Go to Site’" to submit your application.

You'll need to meet the following eligibility criteria to apply:

  • Be an Australian citizen or permanent resident
  • Have not been bankrupt
  • Be over the age of 18
  • Are receiving a regular income

The following documents will be required:

  • ID. Your driver's licence, Medicare card or passport.
  • Income. Gross before-tac and net after-tax salary information.
  • Employment. Where you work and your employer's contact details.
  • Liabilities. Loan balances, repayment amounts, credit card or overdraft limits and
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This page was last modified on 28 September 2016 at 11:26am.

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4 Responses to Bank Australia Lifestyle Personal Loan

  1. Default Gravatar
    | March 20, 2015

    is there any bank who gives loan on newstart allowance

    • Staff
      Shirley | March 20, 2015

      Hi Ash,

      Thanks for your question.

      If the sole income is from Centrelink benefits, you’ll find that most banks are not willing to consider the application.

      Generally you need to have a supplementary source of income, from employment, a joint application or a guarantor.


  2. Default Gravatar
    Matthew | November 29, 2014

    How long does a bankmecu personal loan take to be approved?

    • Staff
      Shirley | December 1, 2014

      Hi Matthew,

      Thanks for your question

      Once you have submitted your application, bankmecu will generally have an answer for you within 24-48 hours.


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