Personal loan FAQs

Answers to your personal loan questions

1.  Who can apply for a personal loan, Unsecured Personal Overdraft or Get Set Loan?

   You can apply if you are at least 18 years of age and have an Australian residential address.

2.  Variable or fixed rate loan?

   A variable rate loan gives you flexibility, as you can pay extra off your loan and request to redraw those extra payments if and when you need them¹.
   
   A fixed rate loan gives you the security of knowing what your repayments are and protects you against interest rate rises for the life of the loan. You can pay extra off your loan, but there is a limit on the amount of additional payments you can make before break costs apply.
   
   For more information, please refer to the following terms and conditions:

   • Secured and Unsecured Personal Loans
   • Personal Loan Fees and Charges

3.  What can I use a personal loan or a Get Set Loan for?

   You can use a Personal Loan or Get Set Loan for a range of personal purposes including buying a new car, going on a holiday or consolidating your debts.

4.  How much can I apply to borrow?

   For a Secured Personal Loan, you can apply for a loan between $5,000 to $80,000
   For an Unsecured Personal Loan, you can apply for a loan between $3,000 to $40,000
   For a Get Set Loan, you can apply for a loan between $5,000 to $50,000
   For an Unsecured Personal Overdraft, you can apply for a loan between $500 to $20,000

5.  How fast is the application process?

   It usually takes less than 15 minutes to complete your application online. Once we receive your completed online application, you will receive a response within 60 seconds.

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