Bank Australia – loan
Personal loan up to $100 000
Loan amount
$1,000 – $100,000
Interest from
7.89%
Term
1 – 10 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Personal loan up to $100 000
- Term 1 - 10 years
Bank Australia is a customer-owned bank (mutual, not shareholder-owned) with a strong ethical and environmental focus, including a long-running conservation reserve funded partly by its lending activities. It operates mainly online and through a small number of branches.
Bank Australia's unsecured personal loan can be used for general purposes such as debt consolidation, travel or large purchases, with the bank's customer-owned structure meaning profits are reinvested for members and community/environmental initiatives rather than paid to external shareholders.
✓ Pros
- Customer-owned bank — profits benefit members, not external shareholders
- No security required
- Strong ethical/environmental lending policies
- Online application process
✗ Cons
- Fewer physical branches than a major bank
- Advertised rate depends on individual credit assessment
- Unsecured pricing is higher than Bank Australia's secured car loan
How to apply
- Choose your card
- Apply for your loan
- Wait for approval
- Get the loan
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 Bank Australia is $1,000.
About Bank Australia Limited
| Company | Bank Australia Limited |
|---|---|
| Address | Bank Australia, 222 High St, Kew VIC 3101 |
| Website | https://www.bankaust.com.au |