The Finance Algorithm
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Lifestyle Personal Loan

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.

Personal loansBank updated 28 Oct 2026
Apply at Bank Australia ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable
9.49%10.53% comparison
Loan size
$1,000 to no maximum
Upfront fee
$150

How it compares

This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This personal loan: 9.49%Every other institution's lowest, 67 in all

Lowest advertised rate, fixed or variable, leaving out car loans. One dot per institution, at its lowest personal loan rate anyone can apply for; hover or tap a dot for its name.

RateThis personal loanBest anywhereTypical institutionWhere it sits
Personal loanLowest advertised rate, fixed or variable, leaving out car loans9.49%5.80%Plenti Personal Loan7.96%of 68 institutions49th lowest of 68, level with 2 others
Variable personal loanMoves with the lender's rates9.49%6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN8.02%of 45 institutions29th lowest of 45, level with one other

Rates

The one rate Bank Australia publishes for this personal loan.

TypeApplies toTermBandRateComparisonConditions
VariableP&I--9.49%10.53%-

Fees

3 fees published, grouped by when they're charged.

  1. When you take it out$150Establishment Fee - Personal Loan
  2. While you hold itNo fee published
  3. When you close it or pay it offNo feeEarly Repayment Fee

When you take it out1

  • Establishment Fee - Personal Loan

    Personal Loan Establishment Fee waiver

    $150

If a payment is late or fails1

  • Late Payment Fee
    No fee

When you close it or pay it off1

  • Early Repayment Fee
    No fee

Features

Extra repaymentsDigital banking
  • Flexible Repayments: Make your loan repayments weekly, fortnightly or monthly

Eligibility and limits

  • Minimum age 18
  • Residency: AU
  • Available to individuals
  • Amount from $1,000, no maximum
  • Applications for loans are subject to the Bank's lending criteria.

Published by Bank Australia under the Consumer Data Right, last changed by them on 28 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.