Beyond Bank Australia Line of Credit
Variable rate
The Line of Credit can no longer be opened as a new account.
- Interest rate a year, from
- 14.49%
- Comparison rate, from
- Not published
- Establishment fee
- $195
- Monthly fee
- Not published
- Borrow
- Not published
Monthly repayment
$20,000 over 3 years
What it would cost
At the lowest published rate of 14.49%. The rate you are offered depends on your circumstances, and the establishment fee is not included.
- Monthly repayment
- $688
- Total repayments
- $24,780
- Interest
- $4,780
Loan details
Rates
- Interest rate (a year)
- 14.49%
- Comparison rate (a year)
- Not published
- Rate type
- Variable
- Security
- Not published
Limits and fees
- Loan amount
- Not published
- Loan term
- Not published
- Establishment fee
- $195
- Monthly fee
- Not published
How it compares
Against the other personal loans we compare. Typical means the middle half of them.
Cost of $20,000 over 5 years
$8,423
Interest and fees at its starting rate. Typical is $5,513.
Setup fee
$195
A typical setup fee is $150.
Pros and cons
Pros
- One rate for everyone. Everyone approved gets 14.49%, so the rate you see is the rate you get.
- 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 variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.