The Finance Algorithm
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Personal Loan Variable

Make your next purchase a reality with our flexible personal loan

Personal loansBank updated 7 June 2023

At a glance

Variable
11.95%12.08% comparison
Upfront fee
$90

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: 11.95%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 loans11.95%5.80%Plenti Personal Loan7.96%of 68 institutions63rd lowest of 68
Variable personal loanMoves with the lender's rates11.95%6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN8.02%of 45 institutions39th lowest of 45

Rates

The one rate BankVic publishes for this personal loan.

TypeApplies toTermBandRateComparisonConditions
VariableMaximum 5 year loan termP&I--11.95%12.08%-

Fees

One fee published, grouped by when they're charged.

When you take it out1

  • PERSONAL_LOAN_ESTABLISHMENT_FEE
    $90

Features

Instant paymentsPayID

Eligibility and limits

  • Minimum age 18
  • Residency: Australian Citizen
  • BankVic member

Published by BankVic under the Consumer Data Right, last changed by them on 7 June 2023. 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.