In this guide

  • Review
  • Details
    • Product details
  • Main points to consider with the Lifestyle Personal Loan
  • How to apply
  • Features of this Loan
  • Compare other personal loans
  • Your reviews
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Bank Australia Lifestyle Personal Loan

Bank Australia Lifestyle Personal Loan

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Interest Rate (p.a.)
9.89%
Comp. Rate (p.a.)
10.93%
Min Loan Amount
$1,000

Summary

Borrow from $1,000 up to $50,000 with terms up to 10 years. Costs include interest charges and establishment fees.

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Bank Australia’s Lifestyle Personal Loan has borrowing amounts from $1,000 up to $50,000. Loan terms can range from 1 to 10 years. The interest rate is variable, which means that your repayments can fluctuate on a month to month basis, depending on the market interest rates. The rate starts from 9.89% p.a. The loan comes with an establishment fee of $150, and allows for extra repayments. As long terms are long, your monthly payments may be small but you’ll pay more in interest over the long run. For a loan of $50,000, with terms of 10 years, your monthly repayment will be $715 per month for 10 years, but the total interest payable over 10 years will be $35,702.

Pros

  • No security required
  • Extra repayments without penalty
  • Loan term of 10 years

Cons

  • $150 establishment fee

In this guide

  • Review
  • Details
    • Product details
  • Main points to consider with the Lifestyle Personal Loan
  • How to apply
  • Features of this Loan
  • Compare other personal loans
  • Your reviews

Details

Product details

Product Name Bank Australia Lifestyle Personal Loan
Interest Rate (p.a.) 9.89%
Comp. Rate (p.a.) 10.93%
Interest Rate Type Variable
Min Loan Amount $1,000
Max. Loan Amount $50,000
Loan Security Unsecured

Main points to consider with the Lifestyle Personal Loan

This personal loan from Bank Australia is unsecured, meaning you won't have to risk your assets, and comes with a competitive variable rate of 9.89% 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.

How to apply

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

Features of this Loan

  • Competitive rates. This loan comes with a competitive variable rate of 9.89% 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 years, which is considerably longer than what is offered elsewhere.

Compare other personal loans

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1 - 8 of 8
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
NOW Finance No Fee Unsecured Personal Loan
Finder award winnerFixed18 Months - 7 Years $5,000 - $50,000
Interest Rate (p.a.)
6.75%
to 26.95%
Comp. Rate (p.a.)
6.75%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$922.89
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OurMoneyMarket Personal Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
1.50% - 6%
min. $250
Monthly Fee
$0
Monthly Repayment
$934.23
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Harmoney Unsecured Personal Loan
Finder award winnerFixed3 - 7 Years $2,000 - $70,000
Interest Rate (p.a.)
5.76%
to 24.03%
Comp. Rate (p.a.)
6.55%
to 24.98%
Application Fee
$275 - $575
Monthly Fee
$0
Monthly Repayment
$926.83
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Citi Personal Loan Plus
Variable3 - 5 Years $2,000 - $55,000
Interest Rate (p.a.)
10.90%
Comp. Rate (p.a.)
11.19%
Application Fee
$199
Monthly Fee
$10
Monthly Repayment
$997.25
Go to siteMore Info
Special Offer: Monthly Fee of $10 waived for applications submitted before 30 June 2024.
Latitude Variable Rate Personal Loan
Variable2 - 7 Years $5,000 - $70,000
Interest Rate (p.a.)
9.49%
to 29.99%
Comp. Rate (p.a.)
10.37%
to 30.69%
Application Fee
$0
Monthly Fee
$13
Monthly Repayment
$973.85
Go to siteMore Info
Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed
Fixed1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$940.81
Go to siteMore Info
NAB Personal Loan Unsecured Variable Rate
Variable1 - 7 Years $5,000 - $55,000
Interest Rate (p.a.)
6.99%
to 20.49%
Comp. Rate (p.a.)
7.91%
to 21.33%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$940.81
Go to siteMore Info
ING Personal Loan
Finder award winnerFixed2 - 7 Years $5,000 - $60,000
Interest Rate (p.a.)
6.89%
to 18.99%
Comp. Rate (p.a.)
7.10%
to 19.23%
Application Fee
$150
Monthly Fee
$0
Monthly Repayment
$929.43
Go to siteMore Info
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