Finty
Bank Australia

Bank Australia Lifestyle Personal Loan

Variable rate

When you need a personal loan to make your world a better place, we offer a few that could be just what you're looking for. Holidays, debt consolidation, cars and more.

Written byDavid Boyd
Interest rate a year, from
9.49%
Comparison rate, from
10.53%
Establishment fee
$150
Monthly fee
Not published
Borrow
From $1,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 9.49%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$641
Total repayments
$23,060
Interest
$3,060

Loan details

Rates

Interest rate (a year)
9.49%
Comparison rate (a year)
10.53%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
From $1,000
Loan term
Not published
Establishment fee
$150
Monthly fee
Not published

How it compares

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

Comparison rate

10.53%

From 10.53%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$5,346

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$150

A typical setup fee is $150.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 9.49%, so the rate you see is the rate you get.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
  • 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

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