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Alex Bank Home improvements loan logo

Alex Bank Home improvements loan – loan

★★★★★ 5.0 / 5 StrayaLoans editorial rating

Online loans up to $30 000

Loan amount $2,000 – $30,000
Interest from 4.99%
Term 6 – 60 months
Approval 24 hours
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Applying does not commit you to a contract.

Properties of this loan

  • Online loans up to $30 000
  • Term 6 - 30 months

Alex Bank (Alex Bank Pty Ltd) is an Australian digital lender holding its own Australian Credit Licence, operating fully online with teams in Brisbane, Sydney and Melbourne and a focus on fast, simple loan applications.

Alex Bank's home improvements loan is an unsecured personal loan for renovation and home upgrade costs, letting homeowners fund smaller projects without refinancing their mortgage, applied for fully online.

✓ Pros

  • Avoids refinancing the mortgage for smaller renovation projects
  • Fast, fully online application
  • No security required
  • No ongoing account fees advertised by the lender

✗ Cons

  • Rate is higher than a secured mortgage top-up for large projects
  • Advertised rate depends on individual credit assessment
  • No branch network for in-person support

How to apply

  1. Apply for your loan
  2. Wait for approval
  3. Wait for money

Loan requirements

  • ✓ 18 years or older
  • ✓ Australian citizen or permanent resident
  • ✓ Regular income from employment or other verifiable source
  • ✓ Active Australian bank account
  • ✓ Valid driver's licence or passport for ID verification

Frequently asked questions

24 hours

The minimum loan amount at Alex Bank Home improvements loan is $2,000.

About Alex Bank Pty Ltd ABN

CompanyAlex Bank Pty Ltd ABN
AddressAustralia
Websitehttps://www.alex.bank