Rates & fees

Interest rate

The Variable Rate Personal Loan interest rate is from 13.90% p.a. and 15.90% p.a.¹.

Comparison rate
The Variable Rate Personal Loan comparison rate is 16.91% p.a., based on $10,000 borrowed over three years. View the comparison schedule for more comparison rates.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other amounts might result in a different comparison rate.

Fees

Establishment fee
If you accept our loan offer, there's an establishment fee payable of $135.

Guarantee fee
If a guarantee is required as security for your loan, a $120 guarantee fee will apply.

Excess cheque fee
To make it easy for you to pay several different recipients with your loan borrowings, we provide two cheques free of charge. After that, a fee of $5.40 applies for each additional cheque we issue on your behalf.

Cancelled cheque fee
If any of the cheques we issue for you need to be cancelled, a fee of $10 applies for each one.

Loan service fee
The fee is charged monthly on your repayment due date.  Where the loan contract is entered into on or after 1st August 2007, the fee will be $10 and will be charged monthly on the repayment due date.

Late payment fee

You will be charged a late fee of $45 when, 5 business days after a repayment due date, you are more than one Loan repayment/payment in arrears and monthly thereafter until you:

            (a)are not in arrears in your repayments/payments; or

            (b)enter into and adhere to an arrangement with us for repayment of those arrears.

Overdrawing approval fee
A $30 fee is payable if we honour a transaction you make or authorise on your related account which results in the overdrawing or exceeding of its credit limit. The fee is payable on the day we honour this transaction.

Repayment redraw fee
You may be able to redraw money you've paid back on your loan. There's no fee for electronic redraws. A fee of $10 applies for branch redraws.

Switching fee
If the Variable Rate personal loan isn't quite right for you, you can switch the type of loan or the term of the loan to one that works better for you. A fee of $70 applies and an early repayment adjustment may also be applicable. An early repayment adjustment is payable on full or partial prepayment during a fixed interest rate period, and on full prepayment during a guaranteed interest rate period.

Full details on how we calculate the early repayment adjustment can be found in our Standard Fees and Charges for Secured, Fixed and Variable Rate Personal Loans, Campus Loans and Overdrafts brochure².

Deferred establishment fee
A deferred establishment fee may apply if the loan is repaid within one year from the funding date (excludes loans with a term of one year) for loans applied for before 8 February 2007. For loans applied for on and from 8 February 2007, a deferred establishment fee may apply if the loan is repaid within two years from the funding date (excludes loans with a one or two year term).

Other electronic banking fees
Please refer to our Electronic Banking Product Disclosure Statement (PDS). A current version of the PDS can be downloaded or obtained by calling us on 13 14 31 or calling into a branch.

Government charges
State Governments may apply various stamp duty and/or registration fees when a loan secured by a mortgage or other security is either established or discharged. To ascertain how much you will be charged, please contact the relevant State Government department.

Important information

• 1. Interest rate effective as at 08 December 2008
• 2. A copy of our Standard Fees and Charges for Secured, Fixed and Variable Rate Personal Loans, Campus Loans and Overdrafts brochure can be picked up from any of our branches, or by calling 13 14 31, 8.00am to 8.00pm, 7 days a week.