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Sydney Mutual Bank Unsecured Personal Loan

Borrow from $1,000 up to $40,000 unsecured. Loan terms are up to 7 years and costs include interest charges.

The Sydney Mutual Bank Unsecured Personal Loan has borrowing amounts ranging from $1,000 up to $40,000. You don’t need an asset to secure this loan. Interest rates are variable, which means that your repayments will fluctuate from month to month based on the market interest rates. This loan has a fee waiver for the application fee of $150. There are also no annual or monthly fees involved. Interest rates start from 7.99% p.a., with a comparison rate of 8.20% p.a.

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From 7.99% (variable)

Interest Rate (p.a.)

8.20%

Comparison Rate (p.a.)

$1,000

Min Loan Amount

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Details

Product NameSydney Mutual Bank Unsecured Personal Loan
Interest Rate (p.a.)
From 7.99% (variable)
Comparison Rate (p.a.)8.20%
Interest Rate TypeVariable
Min Loan Amount$1,000
Max. Loan Amount$40,000
Loan SecurityUnsecured

Main points to consider with a Sydney Mutual Bank Unsecured Personal Loan

The Sydney Mutual Bank Special Offer Unsecured Personal Loan offers an introductory interest rate of 7.99% p.a. and no annual or monthly fees apply to the loan. Early repayments can be made at any time without additional fees and any surplus loan repayments can be withdrawn, if certain conditions are met. Borrowers have the opportunity to bundle optional loan repayment insurance and/or vehicle insurance with the loan.

Features of the Sydney Mutual Bank Unsecured Personal Loan

  • Convenient loan amount. Borrow exactly what you need, with loan amounts available between $1,000 and $40,000.
  • Loan term options. Choose a loan term to suit your needs, taking into account the amount of the loan and the ongoing repayments you can afford. Loan terms are available between 1 to 7 years.
  • Interest rate. This special offer unsecured personal loan features a competitive interest rate of 7.99% p.a.
  • Waived application fee. The loan normally attracts a $150 application fee.
  • No annual or monthly fees. Even after the introductory period is over, no annual or monthly fees apply to the loan.
  • No security required. As an unsecured personal loan, no assets are required to be offered as security for the loan amount.
  • Fee-free early repayments. Repay the loan as early as you like without incurring early repayment fees.
  • Redraw facility. Feel secure making extra payments at any time, as the Sydney Mutual Bank Special Offer Unsecured Personal Loan allows for loan redraws as needed. This feature only applies when loan repayments are in advance of at least one month's normal repayments plus $100 and attracts a fee of $20 each time.
  • Loan repayment insurance. Borrowers can choose to bundle one of several optional loan repayment insurance products with the loan, to ensure that loan repayments are made in the event of an accident, injury or unemployment.
  • Vehicle insurance. Borrowers can choose to bundle comprehensive or third party motor vehicle insurance with the loan.

How to apply for a Sydney Mutual Bank Unsecured Personal Loan

Ready to apply? It's as simple as clicking "Go to Site" and beginning the application process online. Before you do, though, make sure you're aware of the following standard eligibility requirements for the loan:

  • Australian citizen or permanent resident
  • At least 18 years of age
  • Earning a regular, permanent income

It is always a good idea to have at hand the documents you might need so you can speed through the online application. Gather the following for yourself (and your co-applicant if applying jointly) before starting the application process:

  • The purpose of the loan, the amount required and the proposed loan term.
  • Driver's licence number and expiry date.
  • Employment income, including the name of your employer, duration of employment, amount and frequency of gross income. You will also need to supply two current payslips or a letter from your employer.
  • If self-employed, you will need to supply your tax returns or profit and loss statements for the previous two years.
  • Details and current value of all assets you own, including property, vehicles, cash and superannuation.
  • Details of financial commitments, including outstanding balances and repayment amounts and frequencies. You will need to supply the most recent statements for all financial commitments.
  • Detailed breakdown of your monthly costs of living, including utilities, communication, education, clothing, food, healthcare, insurance, transport and other ongoing monthly expenses.
  • Contact details of two referees in Australia who do not live with you or each other.

The Sydney Mutual Bank Special Offer Unsecured Personal Loan could be an excellent loan choice depending on your circumstances. As with any other personal loan product, it is always a good idea to compare your options to ensure that you choose the right lender and the best personal loan product to suit your needs.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
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 variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$5,000
3 to 7 years
$0 to $649
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 31 January 2022.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% 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.
Alex Bank Personal Loan

From 4.99% (fixed)
4.99%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 4.99% 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. Note: The $295 establishment fee will be waived for loan applications submitted by 3 November 2021.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance No Fee Unsecured Personal Loan for home improvement by 31 Dec for a chance to win a $2,000 Bunnings gift card.
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% 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.

⭐ Finder Exclusive: Apply before 31 October 2021 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Wisr Personal Loan ($5,000 to $30,000)

From 6.49% (fixed)
6.49%
$5,000
3 to 7 years
$0 - Waived Establishment Fee
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% 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.

⭐Special Offer:The $595 establishment will be waived for unsecured personal loans between $5,000 and $30,000. Offer ends 31 October 2021. T&Cs apply.
Wisr  Personal Loan ($30,001 to $64,000)

From 6.49% (fixed)
7.11%
$30,001
3 to 7 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $30,001 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$5,000
1 to 3 years
$0 to $649
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Personal Loan Offers

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

You'll receive a fixed rate between 5.35% p.a. and 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 ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% 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.

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