The Finance Algorithm
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Unsecured Personal Loan

An unsecured personal loan for any worthwhile purpose.

Personal loansRates on applicationBank updated 30 July 2026

At a glance

Pricing
Rates on application
Fixed
12.49%, 12.79% comparison
Loan size
$5,000 to $50,000
Upfront fee
$200

Rates

The one rate The Mutual Bank publishes for this personal loan.

TypeApplies toTermBandRateComparisonConditions
FixedP&I7 yrs fixed-12.49%12.79%-

Fees

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

When you take it out1

  • LOAN_APPLICATION_FEE_PERSONAL_LOAN

    Payable to cover costs when you apply for a loan.

    $200

When particular things happen2

  • DEFAULT_ADMINISTRATION_FEE

    Payable to us when the borrower (or security provider) has not performed an obligation on time including an obligation to pay money. This fee is payable monthly commencing one month after the obligat…

    $50
  • RENEGOTIATION_FEE

    Per renegotiation. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options.

    $300

Features

RedrawExtra repaymentsDigital banking
  • Loan terms up to 7 years
  • No early repayment fee

Eligibility and limits

  • Minimum age 18
  • Residency: Australian citizen or a permanent resident of Australia or otherwise approved
  • Available to individuals
  • Amount $5,000 to $50,000

Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 30 July 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.