Finty

AMB Bank Personal Loan

Fixed rate

If you’re looking for a personal loan with set repayments, our Personal Loan gives you the peace of mind in knowing what your repayments will be for the life of your loan.

Written byDavid Boyd
Interest rate a year, from
8.95%
Comparison rate, from
9.85%
Establishment fee
$30
Monthly fee
$2
Borrow
$4,000 to $75,000

Monthly repayment

$20,000 over 1 months

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What it would cost

At the lowest published rate of 8.95%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$20,151
Total repayments
$20,151
Interest and monthly fees
$151

Loan details

Rates

Interest rate (a year)
8.95%
Comparison rate (a year)
9.85%
Rate type
Fixed
Security
Not published

Limits and fees

Loan amount
$4,000 to $75,000
Loan term
Up to 1 months
Establishment fee
$30
Monthly fee
$2

How it compares

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

Comparison rate

9.85%

From 9.85%. A typical loan starts at 10.14%.

Setup fee

$30

A typical setup fee is $150.

Monthly fee

$2

A typical monthly fee is $8.

Most you can borrow

$75,000

Typically you can borrow up to $60,000.

Longest term

1 months

7 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 8.95%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A $2 monthly fee. That adds $120 over 5 years, as well as the interest.
  • A $20 late payment fee. Setting up automatic repayments avoids it.

Similar loans

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