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Coles Personal Loan

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Benefit from interest rate discounts for flybuys members and special offers at Coles with the Coles Personal Loan.

If you’re in the market for a personal loan and are a flybuys member or regular Coles shopper, you may want to consider this personal loan from Coles. As well as being able to borrow between $5,000 and $50,000, Coles shoppers can reap the rewards of their flybuys membership by enjoying a reduced interest rate from 9.99% p.a., bonus flybuys points and other benefits.

Find out more about this loan and if it’s right for you in this review.

3 things you should know about the Coles Personal Loan

Before you consider the Coles Personal Loan in detail, here are the four most important things you need to know:

  • flybuys members exclusive. All flybuys members enjoy a lower interest rate from 9.99% p.a.
  • Non-flybuys members. All non-flybuys members' interest rate starts from 12.99% p.a.
  • Benefit for Coles shoppers. Shoppers will earn an additional 1 flybuys point per $1 spent, to a maximum of 1,000 bonus points per month, when shopping at Coles.


From 9.99% (variable)

Interest Rate (p.a.)

10.95%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

Details

Product NameColes Personal Loan flybuys Members
Interest Rate (p.a.)
From 9.99% (variable)
Comparison Rate (p.a.)10.95%
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Main points to consider with the Coles Personal Loan

You can apply for a credit limit between $5,000 and $50,000. Unlike a standard personal loan, the Coles Personal Loan is more like a line of credit. After being approved, you will be issued a Coles Personal Loan Debit Mastercard, giving you access to the full amount of your loan. You can withdraw the loan amount as cash or access it by using your Debit Mastercard to shop. Loan terms range between 3 years to 5 years, and you will need to make monthly repayments by direct debit. The loan is subject to a variable interest rate which will be personalised based on the information you provide in your application.

Features of the Coles Personal Loan

When you take out a Coles Personal Loan, you can expect the following features:

  • flybuys exclusive. All flybuys members pay interest rate from 9.99% p.a. while non-flybuys members interest rate start from 12.99% p.a.
  • Flexible loan amount. Apply for any amount between $5,000 and $50,000. The maximum amount you can apply for will be calculated during the application process.
  • Short loan term. The Coles Personal Loan features your choice of loan term between 3 years and 5 years.
  • Unsecured finance. As an unsecured personal loan, you will not need to put up any of your assets as collateral for the loan.
  • Free redraws. More like a line of credit than a traditional personal loan, the Coles Personal Loan allows you to redraw for free any amount you have already repaid without having to reapply.
  • Debit Mastercard. When your loan application is approved, you will be issued a Coles Personal Loan Debit Mastercard to access your loan funds in cash or by making purchases with your card.
  • Variable interest rate. The Coles Personal Loan features a variable interest rate starting from 12.99% p.a. for non flybuys members and 9.99% p.a. for flybuys members. The interest rate you receive will be based on the information you provide in your application.
  • Free rate estimate. The online application process will give you an initial estimate of your personal interest rate without running any credit checks.
  • Fixed repayment amount. You will need to make monthly repayments by direct debit from your nominated bank account.
  • No exit or extra repayment fees. You are able to pay extra off your loan or pay it off early if it suits without incurring extra fees.
  • Bonus points. Enjoy earning bonus flybuys points by shopping at Coles. You will earn one additional point per $1 spent at Coles using your Coles Personal Loan Debit Mastercard, up to a maximum of 1,000 points per month.

Coles Personal Loan rates

flybuys Members

  • Interest rate: From: 9.99% p.a.
  • Comparison rate: From: 10.95% p.a.
  • Loan rate type: Variable
  • Maximum Loan Amount: $50,000

Non-flybuys Members

  • Interest rate: From: 12.99% p.a.
  • Comparison rate: From: 13.93% p.a.
  • Loan rate type: Variable
  • Maximum Loan Amount: $50,000

Fees

  • Application fee. $199
  • Monthly fee. $10
  • Late payment fee. $30
  • Exit or early repayment fee. No fees

How to apply for the Coles Personal Loan

Before you apply for the Coles Personal Loan, make sure you fit the eligibility requirements and have all the required documents to hand. This will speed up the application process and get you on your way to finance approval.

Eligibility requirements for the Coles Personal Loan:

  • Permanent Australian resident
  • Aged 18 or older
  • Annual income of at least $35,000

Documents required for a Coles Personal Loan:

  • Australian driver's license
  • Proof of income, either by payslips, bank statements or tax return depending on your employment circumstances

Ready to apply? First, take the time to compare your personal loan options to ensure you choose the personal loan that's right for you. If you choose a Coles Personal Loan, click "Go to Site" on this page to start the online application process.

Compare other personal loans

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 year terms.
Plenti Fixed Rate Personal Loan

From 6.49% (fixed)
6.84%
$2,001
3 to 5 years
From $149 to $599
$0
You'll receive a fixed rate between 6.49% p.a. and 12.79% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Plenti Variable Rate Personal Loan

From 6.49% (variable)
7.49%
$2,001
1 to 2 years
From $149 to $599
$0
You'll receive a variable rate from 6.49% p.a and 12.79% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
SocietyOne Unsecured Personal Loan (5 years)

From 7.99% (fixed)
7.99%
$5,000
5 years
from 0% to 5% (capped at $995)
$0
You'll receive a fixed rate between 7.99% 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.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.99% (fixed)
6.99%
$5,000
2 to 3 years
from 0% to 5% (capped at $995)
$0
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.
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 personalised interest rate from 5.75% p.a. to 21.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
NAB Personal Loan Unsecured Fixed

From 9.99% (fixed)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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.
Wisr Personal Loan

From 7.95% (fixed)
8.78%
$5,000
3 to 5 years
$595 (Establishment Fee)
$0
You'll receive a fixed rate between 7.95% p.a. and 19.45% 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.
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 19.99% 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.
Heritage Bank Fixed Personal Loan
8.99% (fixed)
9.62%
$5,000
1 to 5 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 9.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 5 years.
Alex Personal Loan

From 6.95% (fixed)
6.95%
$2,100
6 months to 5 years
$0 (waived $295)
$0
You'll receive a fixed interest rate from 6.95% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Benefit from no ongoing fees. Note: The establishment fee of $295 is waived for all applications until 30 September 2020. Terms & conditions apply.
CUA Unsecured Fixed Rate Personal Loan
9.89% (fixed)
10.14%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.89% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
OurMoneyMarket Personal Loan

From 7.99% (fixed)
8.46%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 7.99% p.a. to 25.25% 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.
ING Personal Loan
Finder Award
ING Personal Loan
8.99% (fixed)
9.13%
$5,000
2 to 5 years
$100
$0
You'll receive a fixed rate of 8.99% p.a.
Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.
NAB Personal Loan Unsecured Variable Rate

From 9.99% (variable)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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. Benefit from fee-free additional repayments and a redraw facility. 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.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
Heritage Bank Standard Variable Personal Loan
11.99% (variable)
12.61%
$5,000
1 to 10 years
$200
$5
Choose a variable rate loan and receive a 12.61% p.a. comparison rate
Variable rate loans are available from $5,000 - $100,000 on terms of 1 to 10 years.
MoneyMe Personal Loans

From 8.99% (fixed)
10.68%
$3,001
2 to 5 years
5 - 8% of the principal borrowed, capped at $1,200
$0
You'll receive an interest rate between 8.99% p.a. and 29.99% p.a. based on your risk profile
A flexible personal loan from MoneyMe with access to cash when you need it.
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Compare up to 4 providers

Personal Loan Offers

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

You'll receive a fixed rate between 6.99% p.a. and 25.69% 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.

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

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

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.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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2 Comments

  1. Default Gravatar
    Mohammad
    August 18, 2019

    How can I make repayment to Coles personal loan?

    • Avatarfinder Customer Care
      Jeni
      August 18, 2019

      Hi Mohammad,

      Thank you for getting in touch with Finder.

      With Coles personal loan, you are required to make repayments monthly on each payment due date, as advised in your statement. You can repay your Coles personal loan by setting up direct debit directly with your financial institution to your Coles personal loan or via BPay.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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