In this guide

  • Review
  • Details
    • Product details
  • How does the Alex Bank Personal Loan work?
  • Eligibility criteria
  • How to apply
  • Features of this loan
  • How much does the Alex Bank Personal Loan cost?
  • Compare other personal loans
  • Your reviews
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Alex Bank Personal Loan

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Alex Bank Personal Loan
4.0
★★★★★
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Interest Rate (p.a.)
11.99% to 19.74%
Comp. Rate (p.a.)
11.99% to 19.74%
Min Loan Amount
$2,100

Summary

Pay zero fees and get tailored interest rates. Interest charges apply.

3 things to consider about this loan:

  • Personalised interest rates. Your rate will be influenced by your credit history, financial circumstances and how much you want to borrow.
  • No fees. This loan does not charge monthly, establishment or early repayment fees.
  • Unsecured loan. You don’t have to provide an asset as security for this loan.

Pros

  • No early payout penalty fee
  • No extra repayment fee
  • 100% online application
  • Application fee of $0

Cons

  • Maximum borrow amount limited to $30,000

In this guide

  • Review
  • Details
    • Product details
  • How does the Alex Bank Personal Loan work?
  • Eligibility criteria
  • How to apply
  • Features of this loan
  • How much does the Alex Bank Personal Loan cost?
  • Compare other personal loans
  • Your reviews

Details

Product details

Product Name Alex Bank Personal Loan
Interest Rate (p.a.) 11.99% to 19.74%
Comp. Rate (p.a.) 11.99% to 19.74%
Interest Rate Type Fixed
Min Loan Amount $2,100
Max. Loan Amount $30,000
Loan Security Unsecured

How does the Alex Bank Personal Loan work?

Alex Bank is a neobank lender offering a 100% digital personal loan. Your interest rate will be personalised based on a number of factors. These include your credit history, financial history and borrowing amounts. With personalised rates, borrowers with a good credit history are likely to get lower rates. If your credit score isn’t perfect, your interest rate will be higher.

Eligibility criteria

To be eligible for this loan, you must:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident
  • Be receiving regular income
  • Not have been bankrupt

How to apply

You can apply for this loan online, by clicking the "Go to Site" button on this page or through the Alex Bank website. You will need to provide an Australian passport or driver's licence and your Internet banking details. Keeping your documents at hand can help speed up the process.

Features of this loan

  • Personalised rates. Rates for Alex Bank loans are personalised, meaning that the higher your credit score, the lower your rate and vice versa.
  • Fixed rate. Your interest charges will remain fixed for the duration of the loan, making it easier to budget for.
  • Unsecured loan. You don't need to provide an asset to secure this loan.
  • Rate estimate. Receive a rate estimate online based on your loan amount, desired loan term and credit score before you apply.
  • Borrow up to $2,100. Funding amounts vary from $2,100 to $30,000.
  • Terms up to 5 years. Terms range from 6 months to 5 years.
  • Quick application. The application takes 5 minutes to complete and is entirely online.
  • Flexible repayments. Repay your loan weekly, fortnightly or monthly, depending on your preferences.
  • No fees. This loan does not come with any fees.

How much does the Alex Bank Personal Loan cost?

You will be charged interest ranging from 11.99% p.a. to 19.74% p.a.

No other fees apply for this loan.

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Bria Horne

Writer

Bria Horne is a writer for Finder, with a specialist knowledge of personal loans, car loans and business loans. Originally from the UK, Bria has been a professional personal finance writer in Australia for over 2 years. She has an M.A and B.A in Philosophy and Literature from the University of Sussex, and previously worked on the UK’s leading hospitality publication. See full profile

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