Finty
Auswide Bank

Auswide Bank Unsecured Personal Loans

UnsecuredFixed rate

An unsecured loan with a competitive interest rate and low monthly fee for any worthwhile purpose

Written byDavid Boyd
Interest rate a year, from
7.79%
Comparison rate, from
8.49%
Establishment fee
$250
Monthly fee
$5
Borrow
$3,000 to $100,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 7.79%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$630
Total repayments
$22,672
Interest and monthly fees
$2,672

Loan details

Rates

Interest rate (a year)
7.79%–8.98%
Comparison rate (a year)
8.49%–9.68%
Rate type
Fixed
Security
Unsecured

Limits and fees

Loan amount
$3,000 to $100,000
Loan term
Up to 5 years
Establishment fee
$250
Monthly fee
$5

How it compares

Against the other unsecured personal loans we compare. Typical means the middle half of them.

Comparison rate

8.49%

From 8.49%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$4,761

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$250

A typical setup fee is $213.

Monthly fee

$5

A typical monthly fee is $10.

Most you can borrow

$100,000

Typically you can borrow up to $50,000.

Longest term

5 years

7 years is the usual longest term.

Pros and cons

Pros

  • Room to borrow more. Up to $100,000, more than the typical $50,000, which can cover bigger costs in one loan.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • Redraw. You can take back extra repayments later if you need the money.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.79% to 8.98%, and only some people get the starting rate.
  • A $5 monthly fee. That adds $300 over 5 years, as well as the interest.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.

Similar loans

Unsecured loans from other lenders that start at a similar comparison rate.