Bank of usPersonal Loan
With low interest rates, fast approval and flexible repayment options, you can?t go past a Bank of us personal loan. From amounts as little as $3,000, our personal loans are straightforward and super
At a glance
- Variable
- 6.49%6.77% comparison
- Upfront fee
- $200
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.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 6.49% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 6th lowest of 68, level with 4 others |
| Variable personal loanMoves with the lender's rates | 6.49% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | Lowest of 45 |
Rates
Every rate Bank of us publishes for this personal loan, 6 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableSAVVY SWITCH - SECURED PERSONAL LOAN | Investment, P&I | - | - | 6.49% | 6.77% | - |
| VariableVEHICLE PERSONAL LOAN - vehicle less than 2 years old | Investment, P&I | - | - | 6.99% | 7.27% | - |
| VariableSAVVY SWITCH - UNSECURED PERSONAL LOAN | Investment, P&I | - | - | 7.49% | 7.77% | - |
| VariableVEHICLE PERSONAL LOAN - vehicle between 2 and 7 years old | Investment, P&I | - | - | 8.99% | 9.28% | - |
| VariableUNSECURED PERSONAL LOAN | Investment, P&I | - | - | 10.99% | 11.28% | - |
| VariableVEHICLE PERSONAL LOAN - vehicle more than 7 years old | Investment, P&I | - | - | 10.99% | 11.28% | - |
Fees
6 fees published, grouped by when they're charged.
When you take it out1
- PERSONAL_LOAN_APPLICATION_FEE$200
When particular things happen5
- ARREARS_FEE
Payable in each instance you are in default under this contract. This fee will be debited to your loan account on the next business day.
$40 - CHEQUE_DISHONOUR_(INWARD)_FEE
Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour.
$12 - DUPLICATE_STATEMENT_FEE
Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request.
$5 - EVIDENCE_RETRIEVAL_FEE
Applies where you request us to retrieve the paper item or evidence supporting a transaction. The fee is debited to your account when the required documentation is provided to you. Please note that t…
$20 - SPECIAL_ATTENDANCE_FEE
per attendance plus any amounts incurred by us in attending such requests, such as valuation fees, mortgage insurance premium, lender s risk and processing fee, legal costs, document custodian charge…
$300
Features
Eligibility and limits
- Minimum age 18
- Residency: Should be a citizen or permanent resident of Australia. Temporary residents may be eligible if holders of an acceptable employer supported visa.
- Available to individuals
- Minimum balance $3,000
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Published by Bank of us under the Consumer Data Right, last changed by them on 4 June 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.