The Finance Algorithm
The Mutual Bank

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
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
FixedP&I7 yrs fixed12.49%12.79%
§ 02 — Fees · 3
FeeTypeAmountWhenNotes
DEFAULT_ADMINISTRATION_FEEEvent$50Payable 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…
RENEGOTIATION_FEEEvent$300Per renegotiation. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options.
LOAN_APPLICATION_FEE_PERSONAL_LOANUpfront$200Payable to cover costs when you apply for a loan.
§ 03 — Features
RedrawExtra repaymentsDigital banking
  • · Loan terms up to 7 years
  • · No early repayment fee
§ 04 — Eligibility & 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.